Market Insight

DAILY MARKET REPORT – 04/03/2025After a very aggressive upward start to the day, which was fully expected after the concerns introduced over the weekend, prices slowly dropped from their 7% high to close much closer to Fridays close at the end of the day – although still upwards by a…

DAILY MARKET REPORT – 03/03/2025Welcome along to March.Where do we start? Well after a misleading headline caused a sell-off quickly followed by a correction last week, there is only one focal point to now discuss – and that is of course the events seen on Friday (after market close) in…

DAILY MARKET REPORT – 28/02/2025Perhaps as expected, upon reading the detail underlying the headline from Wednesday which pushed the market aggressively downwards, the market had a full unwind in yesterdays session.Whilst the content, and intent, of the European Commission document was disputed on Wednesday, the realisation it was not…

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…