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.
4th May 2017 | Posted by: Natalie Ivinson | Market Analysis
NBP day-ahead prices were down yesterday after Tuesday’s rally, on the back of an increase in Norwegian flows and lower UK exports to Belgium. Forecasts of a cold mid-May and higher than normal seasonal demand were countered by increased LNG flows.
3rd May 2017 | Posted by: Ben Crawley | Market Analysis
Gas prices maintained their recent bullish trend on Tuesday due largely to unplanned outages in Norway as well as decreased LNG send-outs; resulting in a short system. The near curve was particularly affected by reports that the middle of May will see temperatures below the seasonal norm.
Gas prices posted gains towards the end of Friday’s session with cold temperatures contributing to above average demand levels. A drop in storage injections also provided additional strength to the Day-Ahead contract. Meanwhile, oil prices were rather volatile and helped to support contracts on the far-curve.
A new report from Energy UK, the trade association for the UK energy industry states that the nation’s framework needs a reform to ensure systems are; simplified, made more efficient and reflective of the generation mix.
Gas prices closed at a discount despite a bullish opening, with downward movement on the oil market weighing on contracts in the afternoon. Gas demand was well above the seasonal norm which resulted in an undersupplied system and temperatures are not expected to improve drastically next week. Meanwhile, coal prices rallied higher which limited some of the losses on the far-curve.