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 on Friday with a drop in coal adding to bearish sentiment across the curve. Maintenance at the Nordstream pipeline was also expected to be concluded over the weekend which will result in improved supply levels.
Gas contracts displayed only minor changes yesterday, with prices showing no clear trend. Energy markets moved in opposite directions with coal and oil recording a small gain, while power and carbon closed down.
Gas prices moved down on Wednesday, cancelling out gains recorded in the previous session. Norwegian flows were higher, making up for a rise in gas-fired power generation, while movement on commodity markets was largely bearish.
Gas prices fluctuated throughout Tuesday’s session, with losses displayed in the morning, a sharp rally in the afternoon, before another decrease towards the end of the session. The afternoon support was provided by a rise in fuel markets.
Gas prices strengthened for the majority of Monday’s session with bullish pressure provided by a rise in coal, oil and carbon. However, contracts reversed later in the day and closed around their opening price. Overall fundamentals were little changed and price movements were largely technical.