Market Insight

DAILY MARKET REPORT – 22/10/2024An upward start to the week as we continue to hover around the key levels of £1 or €40 in the UK and Europe respectively for the front month contract which has been the case for some weeks now on and off.Forecasts of new LNG projects…

DAILY MARKET REPORT – 21/10/2024A small decline in prices seen in Fridays session to end a relatively quiet week.Windy weather over the weekend saw spot electricity prices fall to low or negative values for selected hours which is expected to continue in the days ahead.After several weeks of continued issues,…

DAILY MARKET REPORT – 18/10/2024A fairly quiet day as prices remained flat to the previous session yesterday.No change to the overall outlook with plenty of gas held in EU storage facilities and temperature forecasts for the week ahead continue to show seasonal normal expectations.Yesterday saw the TTF Front Month contract…

DAILY MARKET REPORT – 17/10/2024The daily yo-yo effect continues as yesterday saw a further small decline in price levels, but holding close to some key levels as they have done so now for a number of recent sessions.EU Gas storage appears to have reached its limit as it now struggles…

DAILY MARKET REPORT – 16/10/2024A downward turn seen in yesterdays session as we once again follow the yo-yo trend seen commonly in recent weeks.Some warmer temperatures are expected in the days ahead, and renewables have been pushing spot power prices to low (or negative) values for some hours and this…

DAILY MARKET REPORT – 15/10/2024An upward start to the week as the market reacts to unplanned issues with the Norwegian output and further developments in the Middle East and also that on the Ukraine-Russia border.The market remains extremely nervous, despite holding a strong fundamental outlook for the days and weeks…

DAILY MARKET REPORT – 14/10/2024A small downward movement seen to end the week on Friday, but still holding close to key levels reached.Little change in the outlook with eyes remaining on the Middle East, whilst some further issues in the Norwegian gas infrastructure limits the output capacity of several assets…

DAILY MARKET REPORT – 11/10/2024Back into the yo-yo of sessions as yesterday saw prices rise once again with the front month contracts back above those key levels of £1/therm and €40/MWh.It is expected that Russian gas will increase to Hungary after a memorandum of understanding was signed yesterday.  Hungary have…

DAILY MARKET REPORT – 10/10/2024A further bearish session yesterday, continuing to unwind the gains seen late last week as the market takes out some of the premium injected in recent weeks once again.Geopolitical factors remain the key driver to movements in either direction with eyes focussed on what happens next…