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.
The UK’s largest gas field discovery in ten years has been hailed as significant by industry experts, providing optimism that oil and gas production in the North Sea isn’t on its last legs.
Gas prices decreased on Monday as the overall energy complex was weak, with coal, carbon, power and oil markets all showing losses. An expected rise in temperatures further weighed on contracts at the front of the curve, in addition to healthy supply.
Gas prices decreased on Friday as supply levels were healthy, with strong flows into the continent from Norway and Russia. Dutch production and LNG send-outs were also comfortable, while weaker demand was expected over the weekend. However, a rise in coal and oil limited losses on the far-curve.
A ‘Distributed Resource Desk’ has been launched by the National Grid which would allow the Electricity System Operator (ESO) to handle requests from smaller suppliers much quicker.
Gas prices were pressured down by a long system and a weaker demand forecast, with milder weather expected over the weekend and next week. Another LNG delivery is also scheduled to dock in the UK even though storage is close to capacity.