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 across the curve on Tuesday with the help of a large drop in coal prices, while carbon also decreased for the first time in eight days. Healthy LNG send-outs continue to weigh on the near-curve, combined with comfortable flows into mainland Europe from Norway & Russia.
Gas prices were generally stable yesterday and it was the only market not to show a clear bullish trend. Temperatures are expected to sit around the seasonal norm next week, if not a little below, limiting any downward movement at the front of the curve, while rising fuel prevented losses further out.
Gas prices eased down yesterday with the larger losses seen at the front of the curve. Regular LNG deliveries and a mild weather outlook contributed to bearish sentiment, while weaker oil, coal and carbon weighed on the back of the curve.
Gas prices increased throughout Wednesday’s session as the overall energy complex was bullish, with carbon markets in particular displaying large gains. Oil also rebounded, while a cooler weather outlook offered support to the front of the curve.