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 during yesterday’s session with bearish pressure provided by a drop in coal, carbon and power prices. An oversupplied system also helped to weigh on the near-curve, with numerous LNG deliveries arriving in the UK resulting in high send-outs.
Gas prices moved down on Tuesday, ahead May-19’s expiry with little direction provided by commodity markets. Supply levels were restricted by unplanned outages in Norway during previous sessions but some of these issues were resolved and flows increased, resulting in losses on the near-curve.