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.
The upward trajectory on the overall energy complex calmed yesterday, with both carbon and oil markets retracting some of their gains. This impacted the gas market and the majority of prices moved down despite high demand and tight supply.
An oversupplied system helped to restrict upward movement at the front of the gas curve yesterday, although demand remained above the seasonal norm and supply is limited this week due to planned maintenance.
Maintenance is taking place at a number of North Sea facilities, including the Troll gas field which offered support to prices during Monday’s session, as flows to the UK and Europe were hampered. Meanwhile, rising oil and carbon continued to provide bullish pressure further along the curve.