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 markets decreased during Thursday’s session due to bearish fundamentals. Stocks are nearing capacity earlier than normal this year, while warm weather is reducing demand. LNG deliveries to Europe are also less frequent due to the excess in supply.
A drop in oil pressured down energy markets yesterday, including gas. Recovering global equities did little to support commodities, with coal and carbon also moving lower. A rise in gas-fired power demand sent the system short but its impact was limited by a warm weather outlook.
A survey, conducted by Giki, an app development firm focusing on environmental impact showed that ‘More than half of Britons want to become greener after the lockdown’.
Gas prices rebounded yesterday, catching up with global markets following the bank holiday on Monday. Stock markets and commodities all strengthened over the weekend as the easing of lockdowns has boosted economies.