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 moved slightly lower by the end of Tuesday’s session with little change in terms of fundamentals to influence the market. A stronger Pound helped towards some of the losses, although expectations of higher demand over the coming days offset some of the downward movement.
The gas curve saw a brief return to normality yesterday with no extreme fluctuations, as movement was largely driven by supply fundamentals, rather than the current economical climate. Meanwhile, a drop in coal, carbon and power helped towards some losses in an overall bearish session.
Gas prices decreased during Friday’s session, rounding off an overall bearish week on energy markets. Precautions taken to stop the spread of the Coronavirus impacted economies across the world, although the Pound strengthened slightly, lowering import costs from Europe.
Gas prices inched higher yesterday, following rebounds across the broader energy complex, with oil dictating most movement. Longer dated contracts were the most resilient with the more significant recoveries seen at the front of the curve,