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 on Wednesday with bearish coal and oil markets dictating changes across the curve. Some seasonal contracts managed to hold their price somewhat but healthy supply levels helped to weigh on prompt prices.
Gas prices moved down on Tuesday with weaker stock markets and a drop in oil weighing on contracts across the curve. A decrease in both LDZ and CCGT demand, combined with comfortable supply also applied additional bearish pressure to the prompt.
Gas prices eased down on Monday with healthy supply levels weighing on contracts at the front of the curve. Improved wind levels reduced gas-fired power generation, while a milder weather outlook will result in a drop in heating demand. Meanwhile, weaker coal prices contributed to bearish movement at the back of the curve.
Gas prices displayed strong gains on Friday with the prompt climbing higher on the back of a sharp rise in demand levels. Norwegian flows improved slightly, providing some resistance to the front of the curve, while the far-curve found support from stronger coal and oil markets.