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.
The gas market saw the key NBP DA contract trade 7.00ppt higher yesterday; closing at 95.50ppt - a 13-month high. The market was waiting for news of milder weather, which would give storage players the opportunity to inject.
Yesterday's demand was greater than expected - which helped to push European spot and near curve prices a little higher. Colder weather should continue to support gas demand across Europe today, and higher storage withdrawals are likely to be needed to balance the gas system.