Market Insight

DAILY MARKET REPORT – 18/07/2024A soft session seen yesterday as the gains seen on Tuesday were all but eroded, as the market continues to hold station at these levels – pushing a bit upwards or downwards between days.German gas storage reporting appears to hold errors, showing one site almost empty,…

DAILY MARKET REPORT – 17/07/2024A more aggressive upward movement seen in yesterdays session after a few smaller movements in either direction in recent days.Prices continue to stay in the zone they’ve been in for some time now.Temperatures are expected to rise in the coming days before settling once again.Yesterday saw…

DAILY MARKET REPORT – 16/07/2024A soft start to the week, unwinding the small rise seen on Friday to put us back where we were.Freeport LNG is expected to restart in the coming days, after being offline due to the hurricane, as LNG towards the UK and Europe takes a…

DAILY MARKET REPORT – 15/07/2024A further small upwards movement seen in Fridays session to end the week.The market still continuing to hold around this level, with small movements in either direction, over recent weeks.No real change to any of the outlook with temperatures expected to fluctuate a little over the…

DAILY MARKET REPORT – 12/07/2024A slight uptick, unwinding previous days losses, was seen in yesterdays session as the market continues to just bobble along a flat-ish trajectory.EU gas storage ticks above the 80% marker. The EU rules state this must hit 90% by November, so this looks to be well with…

DAILY MARKET REPORT – 11/07/2024Prices continued to show a soft side in yesterdays session, after several weeks of creeping upwards, although the movements are generally small.Yesterday saw the TTF Front Month contract settle at €30.78 (from €31.34) and the NBP Front Month contract at 71.21p (from 72.79p).Visund remains on unplanned…

DAILY MARKET REPORT – 10/07/2024A continued downward movement seen in yesterdays session as prices pull back from recently seen highs.Temperature outlooks remain largely unchanged with cooler temperatures over the coming days before rising into next week for the remainder of July and into August.Storage levels get close to the 80%…

DAILY MARKET REPORT – 09/07/2024A softer start to the week, as the front contracts dipped a bit more than the curve in yesterdays session.No real change to the outlook with temperatures expected to dip before rising again over the coming days.In the US, the energy industry is checking the impact…

DAILY MARKET REPORT – 08/07/2024A flat end to the week as contracts stay close to where they were on the previous days session as the US celebrated Independence Day and the UK welcomed a new government last week.Temperatures are expected to dip later this week before returning to just above…