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 displayed minor gains at the front of the curve on Friday, while the majority of contracts further out recorded a small loss. A sharp drop in Brent and carbon prices helped to weigh on the far-curve, while prompt and winter contracts were pushed higher by a cold weather outlook.
Gas prices showed little change during yesterday’s session, with some support provided by a rise in coal and carbon markets, although bearish oil offered resistance. Colder weather also lifted demand levels, limiting any losses at the front of the curve.
Gas prices displayed no clear trend yesterday with the prompt and winter contracts showing small gains and far-curve prices moving down slightly. Longer dated contracts ignored rising coal and oil markets, while the near-curve was supported by a higher demand forecast.
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Gas prices were relatively unchanged during Tuesday’s session despite a sharp drop in oil prices and weaker coal. A cold outlook for December restricted downward movement at the front of the curve, while a balanced system offered little direction to the prompt.