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.
Most gas prices fluctuated on Wednesday, displaying gains in the morning before ending the session at a loss. Cold temperatures provided support at the start of the session but healthy supply levels offered bearish pressure throughout the day.
Gas prices stabilised yesterday with the help of a rebound in oil which put a stop to the bearish trend displayed in the morning. Cold temperatures also offered support to the near-curve with an expected rise in demand forecast for today.
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.