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.
As demand remained more or less unchanged at high levels yesterday, NBP spot and near curve gas prices stayed firm. Today's forecasted higher temperatures should lead to a drop in European gas demand.
We saw more upward movement in NBP spot gas and near curve prices yesterday; both still supported heavily by strong demand. However, the use of storage withdrawals dropped thanks to an improvement in pipeline flows.