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 were stable-to-bullish during Thursday’s session, with the majority of the gains displayed towards the back of the curve. Far-curve contracts found support from rising a oil market, with coal and carbon also trading higher.
Potential maintenance at facilities and pipelines which feed into the UK offered some support to prices during Wednesday’s session, although the system remained oversupplied, as it has been since the 27th of January.
Uncertainty regarding potential outages at Norwegian gas facilities helped the gas curve inch higher during Tuesday’s session, although an oversupplied system and weak demand forecast kept gains to minimum.
Gas prices decreased yesterday as mild weather resulted in a significant drop in demand, while an improved situation in the US helped towards weakening on the global energy complex. A healthy LNG schedule also helped to weigh on near curve prices.
Buying energy can be problematic for businesses as volatility can occur frequently, even within the space of a few minutes, with daily opening prices sometimes differing greatly to their closing levels.