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 initially moved down at the start of the session but quickly rebounded, ending the day at a premium. A cooler weather outlook helped to support the prompt, while the far-curve found support from bullish coal and oil.
Gas prices inched higher in the afternoon, with support provided by increases on power and carbon markets, while Brent also remained bullish. However, a milder weather outlook and a rise in LNG send-outs helped to limit upward movement at the front of the curve.
Near-curve gas prices decreased on Tuesday with the help of an oversupplied system and a strong rise in LNG send-outs, following fresh deliveries to the UK. Coal prices also weakened which helped to weigh on contracts further along the curve.