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 decreased on Friday as Russia rejected proposed OPEC production cuts, resulting in severe losses on oil markets. This had a knock on effect across all energy markets, while supply fundamentals were also slightly bearish.
Gas prices were pressured down by falling oil yesterday, although a tight system offered some resistance. Temperatures were also revised down for the start of next week, although should remain close to the seasonal norm.
Gas prices inched lower on Wednesday despite a lack of clear direction. Oil prices moved down, while power showed mixed movement and coal & carbon increased. Meanwhile, an oversupplied system and milder weather outlook weighed on the near-curve.
Gas prices climbed higher on Tuesday, with the larger gains displayed by longer dated contracts. Energy markets were dictated by a rebound in oil, although the front of the curve was more subdued because of a balanced system.