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 dropped off on Monday as fears of another lockdown impacted energy markets across Europe. Oil also recorded a loss, adding to the bearish pressure, while a weaker demand outlook helped the prompt close lower.
The International Energy Agency (IEA) and Business Group 20 has urged G20 nations to speed up their deployment of low carbon technology in an attempt to initiate the transition to a clean energy network.
Gas prices increased on Friday, displaying an overall bullish trend throughout the week. In terms of commodities, oil markets provided support, coal stabilised, while carbon decreased. A cooler weather outlook and a low renewable power forecast helped to lift the front of the curve.
Oil was the only commodity to move higher yesterday, with gas following other markets and trading down. Oil found support from countries reaffirming their commitment to OPEC production cuts, while carbon failed to break the €30 barrier.