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.
DCP 228 will come into effect from April 2018, altering the way distribution charges are calculated.
Gas prices were pushed higher by bullish movement on the oil market yesterday, with political tensions between Turkey and Iraq threatening to impact exports from the Kurdistan region. Colder temperatures are also expected to lift demand levels next week, providing further support to prices on the near-curve.
Gas prices moved down on Friday with the help of a more positive supply outlook across Europe. The re-opening of the Nordstream pipeline resulted in a sharp rise in Russian flows, while Norwegian imports into the UK have also ramped up, in addition to improved UKCS production.
Gas prices weakened on Thursday thanks to a positive supply/ demand outlook and a falling coal market. Mild weather is expected to weigh on residential demand, while the return of the Nordstream pipeline has improved supply levels on the continent. An extension to the Kollsnes outage restricted losses on the prompt, with another planned outage also scheduled at Karsto next week.
According to new research, the UK’s oil and gas reserves could expire in 10-years’ time, which would result in a 100% reliance on foreign imports.