Market Insight

DAILY MARKET REPORT – 05/04/2024 A bounce upwards to undo the losses of the previous days session seen yesterday, as the market continues to hold pattern. Brent Crude breaks into the $90 range for the first time in around six months as tensions heighten in the Middle East. A heightened…

DAILY MARKET REPORT – 04/04/2024 A further small bit of downside seen in yesterdays session as the market continues to hold steady in the zone it appears to have found comfort in for some time now. With a steady fundamentals outlook, this may continue for the weeks ahead with sessions…

DAILY MARKET REPORT – 03/04/2024 A bearish start to the month as we saw prices fall across the board in yesterdays session. EU gas storage sites will now start to look towards injections in readiness for next winter with an impressive 59% of capacity already in store. EU rules state that…

DAILY MARKET REPORT – 02/04/2024 Welcome to April and of course to the start of the summer delivery period. We hope you had a good Easter weekend. The long term weather outlook keeps changing and the latest run shows a warm week ahead and then slowly settling to seasonal normal towards…

DAILY MARKET REPORT – 28/03/2024 The end of winter has arrived as we reach the end of March, ahead of a long Easter bank holiday weekend with the clocks also going forward hour. This means a new front month and season now being reported on, therefore the comparable to the…

DAILY MARKET REPORT – 27/03/2024 A downward session seen yesterday to unwind the gains seen of Monday as the market continues to hold pattern in this trading zone. We formally reach the end of the winter delivery period in the coming days and next winter contract becomes the front season. We…

DAILY MARKET REPORT – 26/03/2024 Another upward session to get the week underway, although remains within the trading zone recently established – which has become an envelope of where the market seems comfortable for now. The latest long term weather runs show a slightly colder start to April to be…

DAILY MARKET REPORT – 25/03/2024 A bullish session to end the week as Ukrainian energy infrastructure was attacked, impacting gas storage facilities and resulting in electricity to be imported. Terrorist attacks in Moscow have also escalated further tension in the area and markets are likely to be sensitive in the…

DAILY MARKET REPORT – 22/03/2024 Another bearish session which in effect cancels out much of the gains seen since this time last week. The latest long term temperature forecasts show a seasonal normal April to be expected after a few colder days to end March. Yesterday saw the TTF Front…