Market Insight

DAILY MARKET REPORT – 11/12/2024A small uptick in prices seen in yesterdays session on the curve.Day ahead power prices saw a huge increase on the back of lower renewables output and limited nuclear capacity – which could remain the case for the coming days. Prices almost doubling to that of recent…

DAILY MARKET REPORT – 10/12/2024A bearish start to the week seen in yesterdays session as the market sees no negative impact from the weekends events in the Middle East.Underlying fundamentals remain unchanged which has allowed some profit taking ahead of the Xmas break, perhaps removing some of the risk premium…

DAILY MARKET REPORT – 09/12/2024A calm end to the week as Fridays session ended flat to the previous days settlement.Over the weekend escalations in the Middle East took a surprising turn with the long-standing government overthrown in Syria. Whilst it is not expected to cause direct impact to energy markets, any…

DAILY MARKET REPORT – 06/12/2024A further small drop seen in yesterdays session, as we try to pull away from those recent highs.Yesterday a Russian decree was passed banning Gazprombank, partly owned by Gazprom, from changing foreign currency to Rubles for the payment of gas, meaning any buyers must…

DAILY MARKET REPORT – 05/12/2024Markets breathed a little yesterday after holding at elevated levels for some days now. A drop in levels was seen to pull back from those highs will be a welcome relief.Underlying fundamentals remain unchanged from recent days with flows remaining steady, including those of LNG cargoes expected…

DAILY MARKET REPORT – 04/12/2024A very flat day in the end seen in yesterdays session as the settlement values hardly change day-on-day across the board.No real change to fundamentals with plenty of LNG still heading towards the UK and Europe in the coming weeks, despite the threat of diversions towards…

DAILY MARKET REPORT – 03/12/2024A bullish start to the week in yesterdays session.Prices continue to remain elevated as flows hold steady, as do temperature forecasts, however the price spread between European and Asian markets starts to widen. For some time now the European prices have been attractive for LNG cargoes, but…

DAILY MARKET REPORT – 02/12/2024Welcome along to December.The end of last week ended relatively calm, however over the weekend physical flow nominations dropped from Russia via Ukraine and remain the same today. The comes as the transit deal ends in just a few weeks time. The market has already reacted this morning…

DAILY MARKET REPORT – 29/11/2024Apologies – no report issued yesterday due to technical difficultiesMarkets remain elevated but stable as we reach the end of the week, and November, which now sees a new front month contract – January 2025.Plenty of LNG heading towards the UK and Europe in the coming…