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 moved down at the end of last week, pressured down by weaker coal and power, with carbon contracts also dropping by €1. Oil was mostly flat, while the prompt closed down on the back of an expected drop in demand over the weekend and the start of this week.
Gas prices displayed mixed movement yesterday, with small gains displayed at the front of the curve and longer dated prices recording a loss. Prices were dictated by weaker LNG flows and changes on commodity markets.
Gas prices were relatively stable during Tuesday’s session, ignoring strong gains on coal, oil and carbon markets. Low summer demand helped to cap any upward movement, with an expected rise in renewable power helping to weigh on the prompt.