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 contracts increased on Friday following a rise in buying interest as traders looked to exploit strong losses earlier in the week. Norwegian flows were also restricted due to on-going maintenance at a number of fields. Meanwhile, coal and oil contracts strengthened, offering additional support to the far-curve, with a weaker Pound also a factor.
Saudi Arabia and Russia have agreed to an extension which will see oil production capped until March 2018.
11th May 2017 | Posted by: Catherine Grand | Market Analysis
European gas prices were rangebound on Wednesday, pressured by weak demand forecasts in the coming days on one side and supported by a rebound in oil prices on the other. Norwegian gas exports to Europe fell to their lowest level since September 2016, which is mainly due to planned field maintenance work over the next three days.