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 recorded further losses on Monday as demand levels dropped despite cooler weather, with a milder weather outlook for later in the week helping towards the bearish sentiment. The broader energy complex also remained weak, further weighing on prices.
Gas prices capped off an overall bearish week with further losses on Friday following a global sell-off on equity markets which impacted commodities. Meanwhile, supply fundamentals also helped to weigh on the near curve, with an improved supply outlook forecast for this week.
Gas prices continued to ease down during Thursday’s session, helped by a weaker demand outlook and a lack of positive indicators on global markets. Coal, carbon and oil prices all traded lower and applied additional bearish pressure to the back of the curve.
Gas markets showed little movement in either direction yesterday, with only minor changes displayed at the front of the curve. A rise in demand offered some support to the prompt, while commodity markets were largely stable.