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.
Upward movement could be observed across the gas curve yesterday despite a balanced system. Cooler weather was expected to continue today which will keep demand levels above the seasonal norm, although the end of planned outages in Europe resulted in improved supply. Prices at the back of the curve continued to increase with direction coming from bullish Brent.
Gas prices increased during Wednesday’s session due to an undersupplied system and rising fuel markets. Scheduled maintenance in Norway restricted flows to the rest of Europe, while colder weather lifted demand, tightening supply. Further out, oil prices found support from the potential US/ China trade war and tensions in the Middle East.
Ben Crawley - Data & Pricing Analyst talks customer service, digital and Jaffa Cakes for our latest In the Pipeline feature.
An outage in Germany saw Norwegian flows rerouted to the UK yesterday, impacting European markets. The front of the UK gas curve moved higher on the back of a colder weather outlook for the remainder of the week. Prices at the back of the curve also displayed a bullish trend on the back of rising fuel contracts.
10th April 2018 | Posted by: Catherine Grand | Market Analysis
Bulls came back to the fore on Monday despite an upwards revision in temperature forecasts pointing to warm weather next week. A tight UK Gas system due to step up in gas demand from CCGTs on the back of very low wind power generation combined with two unplanned outages in Norway.