Market Insight

DAILY MARKET REPORT – 27/02/2025It has been a consistent downward trend since the highs seen on 10th February, with the last 11 of 12 sessions settling lower than the previous.Much of this is down to some level of comfort being found after many weeks of upward trend caused by investment…

DAILY MARKET REPORT – 26/02/2025A downward movement seen yet again in yesterdays session.Rumours of the US-Ukraine ‘minerals deal’ of recent days appear to be more concrete with the Ukrainian now side confirming a deal has been agreed and President Zelenskyy due to meet President Trump in Washington later this week.This…

DAILY MARKET REPORT – 25/02/2025A flat session in the end yesterday as small movements were seen overall.This morning Ofgem confirmed the upcoming price cap effective 1st April at £1,849 as a ‘headline rate’ – much higher than forecast. We had forecast a value of £1,834 split at £930 for gas…

DAILY MARKET REPORT – 24/02/2025Today sadly marks the third anniversary of the conflict in Ukraine.A small downward tick seen to close out the week last week, which simply continues the downward movement enjoyed over the last week or so.This week may be a key week as we head towards the…

DAILY MARKET REPORT – 21/02/2025Further downward movement seen yesterday, albeit small, as the market continues to hold fundamentals in comfortable view.Temperatures for the coming days are higher than seasonal normal and expected to hold close normal for the remaining days of winter delivery in the latest forecasts – but is…

DAILY MARKET REPORT – 20/02/2025The downward momentum continued yesterday after a small bounce was seen in the previous session.Considerably warmer temperatures for the days ahead, followed by close to seasonal normal levels for the coming weeks will help alleviate any pressure on EU gas storage levels. Those levels, whilst lower than…

DAILY MARKET REPORT – 19/02/2025An upward bounce seen yesterday, but likely not caused by the ‘positive’ talks between the US and Russia who appear to both see a pathway forwards to ending the conflict in Ukraine.Talks seemed to focus on structuring high level agreements, perhaps with both sides outlining where…

DAILY MARKET REPORT – 18/02/2025Further downward movement seen yesterday, pushing the TTF front month contract below €50 once again where it has remained above since the end of January.Today sees the meeting of a face to face US and Russian delegation in Saudi Arabia to discuss the potential solutions for…

DAILY MARKET REPORT – 17/02/2025Talks of a potential deal being made between the US and Russia over the conflict in Ukraine, whilst appearing to exclude Ukraine and Europe from the discussions, appear to be giving the energy markets some confidence.The US are also becoming more aggressive with their LNG export…