Apollo Energy publishes a daily energy market analysis, focusing on the gas, power and oil markets including a commentary on how the markets close and open. Our analysis provides insight on how the markets are performing and also considers various factors which could dictate price changes in the future.
The analysis also contains a graph which tracks the one-year forward price of both gas and electricity as well as changes to Brent crude oil.
Near-curve gas prices traded down during Monday’s session as the system was oversupplied thanks to comfortable supply and weaker demand. Contracts at the back of the curve were slightly more resilient with resistance provided by a rebound in coal and oil.
Gas prices continued to move down on Friday on the back of strong supply levels and weaker demand. Meanwhile, coal and oil prices moved down on a bearish day for commodity markets which applied further downward pressure on the far-curve.
Gas prices displayed gains yesterday despite a bearish opening to the session. Support was provided by a stronger overall energy complex, with oil, carbon, coal and power all moving higher. Upward movement at the front of the curve was slightly restricted by a milder weather outlook which should result in weaker demand.
Near-curve gas prices displayed gains on Tuesday morning on the back of an undersupplied system. However, prices eased down as the session progressed as the supply picture remained comfortable with a number of LNG deliveries expected before the end of the month.