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 increased at the start of the session, following upward movement on stock markets. However, a downturn in oil prices helped to weigh on contracts in the afternoon. Meanwhile, the system was balanced with the help of high wind levels and stable imports.
Gas prices were pressured down by weakening across the broader energy complex yesterday. Oil, coal and power all traded lower, with only carbon posting a gain. The system was oversupplied throughout the session which helped to weigh on the prompt.
Gas prices were volatile during Tuesday’s session, opening higher on the back of an undersupplied system, before tracking the carbon market in the afternoon and posting losses. Oil markets were stable, while coal and power eased down
UK markets were closed yesterday due to the bank holiday, while continental markets were also subdued. Oil and carbon markets displayed a loss, while Norwegian flows and LNG send-outs ramped up to balance the system.