Market Insight

DAILY MARKET REPORT – 16/05/2024A flat session yesterday, which follows a similar one seen on Monday, as the market has no clear driver to head in either direction.EU gas stocks look healthy at two-thirds full. At the current injection rate it would reach the mandated levels of at least 90% long…

DAILY MARKET REPORT – 15/05/2024No real drive seen in yesterdays session, with very small movements to the upside on the front month contracts.All of the fundamentals remain unchanged with the same underlying nerves just sat there.This week sees the calculation period for the upcoming Ofgem price cap, effective 1st…

DAILY MARKET REPORT – 14/05/2024A soft start to the week as strong flow levels and warm weather help to maintain a calm outlook.Some near term price levels are close to psychological levels (round numbers, or nearest 10 etc) which may see some reactions in either direction in an otherwise unexciting…

DAILY MARKET REPORT – 13/05/2024A slightly soft end to the week on some contracts, whilst others held level.High temperatures have been enjoyed this weekend as temperatures are now expected to fall slightly, albeit holding above seasonal normal for the weeks ahead.No real change to the underlying outlook which remains positive…

DAILY MARKET REPORT – 10/05/2024A very small uptick in yesterdays session across the board.The latest temperature forecasts show a warm weekend ahead and then settling, however now above seasonal normal until the end of June.Ships continue to be attacked in the Red Sea, however it is understood energy cargoes have…

DAILY MARKET REPORT – 09/05/2024A small further downside seen yesterday after a correcting session on Tuesday following the extended weekend in the UK.Some warmer days yet to be enjoyed in the days ahead still before looking to settle close to seasonal normal early next week and thereafter.Yesterday saw the TTF…

DAILY MARKET REPORT – 08/05/2024An adjusted day of trading seen yesterday with the UK markets rising and the European ones falling, following a misaligned day of activity on Monday.No real change to any outlook with warmer temperatures expected throughout this week and holding around seasonal normal for the foreseeable future. Gas…

DAILY MARKET REPORT – 07/05/2024A closed market yesterday in the UK for the early Bank Holiday weekend, whilst some European markets continued to trade.That may see some ‘adjustment’ trading today whereby the European markets have increased during the closed market and so the UK market may look to ‘catch up’.A…

DAILY MARKET REPORT – 03/05/2024Another upward swing seen in yesterdays session across the board.In recent days it’s mostly been movement at the front of the curve but further dated contracts were also caught up in yesterdays move, including carbon which may have been a driver for the rest of the…