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 end of maintenance at North Sea facilities offered bearish sentiment to the near gas curve during Monday’ session, with an upward revision in temperatures for the rest of the month and the start of June also a factor.
High demand and rising commodities helped gas contracts to close higher on Friday, rounding off a largely bullish week on the UK gas market. Demand for power also offered additional strength to the front of the curve.
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.