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.
Weaker demand levels are expected over the next week or so as temperatures are set to remain mild. UKCS production also increased as a number of outages were resolved, helping towards an oversupplied system. Further out, any bearish movement was limited by a strengthening oil market.
The mild weather outlook for January and February continues to apply bearish pressure to the near-curve. However, any losses were limited by a drop in supply as unplanned outages reduced Norwegian and UKCS flows into the UK. Prices further along the curve held firm as a bullish oil market offered continued support.
The European Commission has announced new financial thresholds which will be applied to public procurement. The changes were applied on the 1st of January 2018 and will be in effect until the end of 2019.
Gareth Amos, Senior Pricing/Data Analyst at Apollo Energy talks procurement, sport and travelling in our latest 'In the Pipeline' feature.
Comfortable wind generation reduced CCGT demand yesterday, while milder weather resulted in a drop in residential demand, offsetting the effects of a short system and helping near-curve gas prices move down. Unplanned outages restricted some of the losses, while bullish oil provided upward pressure on the far-curve.