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.
11th May 2020 | Posted by: Lawrence Carson | Market Analysis
Bank holiday in most countries meant European gas prices traded mostly sideways on Friday. Most contracts traded at all time lows, however steady Brent prices above the $30/b mark played into the bullish sentiment on the far curve.
Gas prices inched higher on Wednesday, with the front of the curve supported by an undersupplied system due to increased gas-fired power demand. Meanwhile, the overall energy complex was generally stable compared to previous sessions.
Gas prices stabilised yesterday afternoon, with only minor changes in either direction. Rising Brent continued to provide support further along the curve, while a weaker renewable power outlook for today lifted the prompt.