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 Friday, with some contracts falling by around 10%. Temperatures were above the seasonal norm and supply levels were expected to improve this week, helping to weigh on the near-curve, while the far-curve was pressured down by weaker carbon and power prices.
Gas prices ended the session at a premium yesterday, ignoring the recent trend over the last two weeks. Bullish sentiment was provided by optimism surrounding the US/ Chinese trade deal which helped to support coal and oil markets.
12th December 2019 | Posted by: Lawrence Carson | Market Analysis
Gas priced edged lower again yesterday. A front month loss of 1.65p/th was seen, pressured by bearish fundamentals and weak carbon. Weather revisions have also pushed temperatures up for the remainder of the year, helping ease down the demand.
Gas prices decreased on Monday morning as overall fundamentals were bearish, with healthy supply levels, an expected flurry of LNG deliveries and a forecast of moderate temperatures. However, the system fell short later in the day and near-curve prices ended the session flat as a result.