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.
Far-curve gas prices inched higher on Monday, finding support from bullish movement on coal and oil markets. However, the majority of contracts at the front of the curve displayed losses, helped by mild weather and improved Norwegian supply which led to a long system.
Gas prices recorded mixed changes on Friday with a long system and a mild weather forecast helping towards losses on the near-curve. Further out, contracts were dictated by rising oil and gas prices, although a stronger Pound provided some resistance.
An improved outlook for demand and supply levels helped to pressure down prompt gas prices on Thursday. Norwegian imports ramped up following the return of Kollsnes and warmer weather reduced residential demand, resulting in an oversupplied system. However, contracts further out were bullish with support provided by a weak Pound and rising coal & oil markets.