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 higher during Friday’s session with the larger gains displayed towards the back of the curve. A recovery on oil markets offered support to the far-curve, while a milder and windy weather forecast for the second half of the month helped to limit upward movement on the near-curve.
Gas prices showed little movement during Thursday’s session with the exception of longer dated contracts which found support from a rise in oil and coal. A stronger Pound helped to cap upward movement on the rest of the curve, while supply fundamentals were unchanged.
Gas prices moved higher during Wednesday’s session, supported by increases on the broader energy market. The larger gains were displayed by longer dated contracts, although a healthy/ supply demand outlook also weighed on prompt prices.
Gas prices displayed minimal movement during Tuesday’s session, with only the Day-Ahead contract showing a significant change; moving down on the back of a milder weather outlook for today. Meanwhile, most commodity markets displayed a small rebound, providing some support along the curve.
Gas prices decreased on Monday, pressured down by falling coal and oil markets. Healthy renewable power reduced gas demand, further contributing to losses at the front of the curve, while milder weather was forecast for later in the week.