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 stabilised on Friday following strong losses in the previous session as fundamentals were largely unchanged. A further drop in the Pound offered some support to the market but weakening oil continued to pressure down prices on the far-curve.
Near-curve gas prices displayed further losses yesterday as a result of a low demand forecast and healthy supply levels. Further along the curve, contracts were pressured down by losses on the oil market, while weakening coal also played a part.
Gas prices displayed losses yesterday as a weaker demand forecast and comfortable supply levels weighed on the market. Coal prices also continued to decrease, while oil prices tumbled on the back of the latest EIA report.
A downward revision in temperatures for next week and a drop in supply helped near-curve contracts move higher in the morning. Unplanned outages resulted in weaker UKCS production, while Russian flows into Europe also decreased. However, a significant drop in coal prices helped to pressure down contracts later in the session, erasing the morning’s gains.