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.
An oversupplied system pressured down near-curve gas prices during Friday’s session. Bearish sentiment was also provided by a mild weather forecast for the start of this week, while the far-curve found direction from weaker coal, ignoring a recovery on the oil market.
Gas prices decreased across the curve on Thursday with downward pressure provided by healthy supply levels and losses on coal, power and carbon markets. Milder weather weighed on demand, while supply levels improved from all sources.
Near-curve gas prices decreased yesterday with the help of a stronger Pound and an undersupplied system. However, there was some strengthening at the back of the curve due to a recovery on oil markets.
Gas prices continued to move down on Tuesday due to an oversupplied system and a milder weather outlook. Commodity markets also weakened which applied additional bearish pressure to the back of the curve.
Gas prices decreased yesterday due to an expected drop in demand over the coming days, combined with healthy supply levels. Temperatures are expected to improve as the week goes on which will weigh on residential demand. Further downward pressure was also provided by a drop in coal & carbon.