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.
There was a plunge in equity markets and in particular banking, while the EUR/USD conversion fell to a new 4-month low at 1.2830. Due to the colder weather and interconnector outages there has been an increased call on thermal assets and gas prices remained firm which helped support spot prices in France yesterday.
Yesterday focused on the colder weather and low storage levels, both adding pressure to spot and near curve prices. UK NTS demand is expected to be 4mm cm higher today, which will put even more pressure on our depleting gas storage.