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 displayed strong losses yesterday, with the largest decreases displayed at the front of the curve. A weak demand forecast for the bank holiday and an expected drop in gas-fired power demand contributed to the bearish sentiment.
Gas was bearish during Tuesday’s trading, ignoring increases on oil, coal, power and carbon markets. Warm weather and improved flows from Norway sent the system long, resulting in losses across the near curve.
Gas prices increased across the curve yesterday, pushed higher by a rise in coal and oil which supported the overall energy complex. However, the afternoon saw a few minor price reversals as short-term fundamentals were bearish.