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 pushed higher by rising fuel markets on Friday, with coal, oil and carbon all gaining in value. Temperatures were also expected to turn colder later in the month which provided additional bullish pressure at the front of the curve.
Gas prices weakened yesterday with the back of the curve pressured down by falling coal and carbon markets. An upward revision in this month’s weather forecast helped to weigh on the near-curve, with a healthy LNG outlook and a long system also a factor.
Gas prices climbed higher on Wednesday with gains seen at the front of the curve on the back of a colder weather outlook for January. Oil prices also increased which offered support to back of the curve, ignoring a drop in coal.
The UK gas market was bearish at the end of 2018 with mild temperatures and healthy LNG send-outs pressuring down prices at the front of the curve. Meanwhile, falling coal and oil weighed on the back of the curve, while carbon’s bullish trend came to end.