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 displayed mixed changes yesterday with a short system offering support to the near-curve at the start of the session, before balancing out in the afternoon and contributing to some losses. Further out, prices were pushed higher by stronger coal and oil.
Gas prices closed at a premium on Thursday, taking direction from rising coal and oil markets. Fundamentals were little changed with Norwegian maintenance continuing to restrict flows into the UK, although healthy LNG send-outs helped to balance the system.
6th September 2019 | Posted by: Natalie Ormerod | Market Analysis
Gas prices closed higher on Thursday, making marginal gains in line with the broader energy complex which saw both coal and oil close higher day-on-day. Colder weather and a drop in Norwegian flows were supporting spot prices, although gains remained limited due to continuous LNG deliveries and strong wind power generation.
Gas prices weakened yesterday morning but any losses were limited by Norwegian maintenance and an unplanned outage. Supply into the UK was limited as a result but a healthier LNG outlook provided bearish pressure. Meanwhile, commodity markets moved down which helped to weigh on the far curve.