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.
Gas prices moved down yesterday with direction coming from bearish European markets. A milder weather outlook also continued to weigh on the near-curve, with a flurry on LNG deliveries also a factor.
Gas prices increased on Friday, tracking the movement of coal, oil, power and carbon markets. However, overall fundamentals were bearish with healthy supply, comfortable storage levels and a mild weather outlook limiting gains at the front of the curve.
Near-curve gas prices eased down, while the far-curve moved higher in the morning before gradually erasing the gains as the session progressed. Weakening on fuel markets helped towards the losses, in addition to a healthy/ supply demand picture.
Gas prices increased yesterday afternoon, erasing early morning losses with direction coming from bullish coal, oil and carbon markets. However, upward movement at the front of the curve was capped by a milder weather outlook and comfortable supply.
Gas prices displayed little movement yesterday with only minor changes displayed earlier in the session. Oil prices climbed higher, limiting any losses, while carbon moved in the opposite direction, creating mixed sentiment.