Market Insight

DAILY MARKET REPORT – 09/10/2024After rising for much of last week on the back of the escalations in the Middle East, a softer session was seen yesterday after key price levels were hit on the front month contracts, suggesting some profit taking.With no key driver to push markets in either…

DAILY MARKET REPORT – 08/10/2024A very small downward movement seen in yesterdays session as the nerves continue to hold over what comes next in respect of the ongoing concerns around tensions in the Middle East with oil prices continuing to rise as a result, now passing $80/bbl.The Ukrainian Prime Minister…

DAILY MARKET REPORT – 07/10/2024Continued concern over escalations in the Middle East pushed prices up further on Friday, with the front month gas contracts now above £1/therm in the UK and €40 on the Dutch TTF.Colder temperatures are expected later this week and into the weekend before settling at seasonal…

DAILY MARKET REPORT – 04/10/2024And we’re up … again.Yesterday saw comments made that injected more uncertainty into the market. The International Energy Agency (IEA) released a report that suggested globally next year will be tight on supply whilst forecasting demand for gas will be at a record high.At the same…

DAILY MARKET REPORT – 03/10/2024A small downside movement seen in yesterdays session after a couple of days of upward movements as geopolitical events become ‘priced in’ to the price levels and markets accept this may continue for some time.Price levels continue to maintain a holding pattern for the time being…

DAILY MARKET REPORT – 02/10/2024After a softer start to the session yesterday, it ended the day higher following escalations in the Middle East which continued after market close – and saw the price of oil also jump – and that may further impact prices early today.Geopolitical concerns remain a high…

DAILY MARKET REPORT – 01/10/2024Welcome along to October – the start of winter delivery and also a new gas year.Yesterday saw a further uptick to get the week underway as escalation in the Middle East continues to take focus and maintain some nervousness in the market prices as geopolitical concerns…

DAILY MARKET REPORT – 30/09/2024With continued escalations in the Middle East, which show no signs of abating, markets remain nervous and remain elevated.Today marks the first country in the G7 to remove coal from its generation stack as the UK closes its last coal fired generation plant. Just over a decade…

DAILY MARKET REPORT – 27/09/2024Yesterdays session was looking softer until a turn in the afternoon which saw another rising session towards the end of the day.Several news items seem to have unnerved the market including the UK announcing it is now sanctioning Russian LNG as well as further concerns surrounding…