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 increased yesterday, finding support from a rise in oil which in turn, lifted coal, power and carbon. Overall flows were comfortable which helped to balance the system and keep a lid on near curve prices.
Gas prices were bearish in the main during Wednesday’s session, pressured down by weakening coal and oil following a sell-off on stock markets. Recent cases of Coronavirus in Germany & South Korea pushed traders into cashing in on profits, fearing a new wave of the pandemic.
Gas prices dipped lower across the curve yesterday as weak demand and surplus supply balanced the system, while coal and carbon both moved down. Oil was the only market to trade higher but the gains were minor.
Near curve gas prices decreased on Monday, taking direction from a balanced system. Overall demand levels remained low despite a drop in temperatures, while healthy renewables reduced gas-fired power demand.