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 displayed little movement during Thursday’s session as the overall energy complex was relatively unchanged with the exception of coal. The system was long throughout the day due to healthy flows and slight drop in demand.
Gas prices eased down on Wednesday thanks to an oversupplied system and a milder weather outlook for the coming week. Additional bearish pressure was also provided by weaker power and carbon markets, but rising coal and oil offered resistance on the far-curve.
Near-curve gas prices increased during Tuesday’s session with support provided by a rise in power contracts, as colder and less windy weather was forecast for today. Further out, prices were influenced by stronger coal, carbon and oil markets.
Gas prices eased down across the curve on Monday with a milder weather outlook weighing on contracts at the front of the curve, helped by a long system. Meanwhile, a drop in coal and carbon offset the effects of rising Brent, resulting in losses further along the curve.