Market Insight

DAILY MARKET REPORT – 16/11/2023 Another relatively quiet session seen yesterday resulting in small discount at the front of the curve and Summer 24 contracts staying put … and the trend continues for now. Yesterday saw the TTF Front Month contract settle at €47.04 (from €47.61) and the NBP Front…

DAILY MARKET REPORT – 15/11/2023 An uneventful session yesterday with prices staying level to the previous day across the board. We are seeing small decreases in EU gas storage levels, but levels remain touching 100%. LNG deliveries continue to line up for the weeks ahead and the temperature outlooks remain to…

DAILY MARKET REPORT – 14/11/2023 A slight uptick to start the week off in yesterdays session as fundamentals hold steady and we continue to trade within the current envelope as a result. The latest long term weather runs continue to show the rest of 2023 to be at or just…

DAILY MARKET REPORT – 13/11/2023 A bearish end to the week, unwinding the gains seen in the bullish session on Thursday. Friday saw the TTF Front Month contract settle at €46.63 (from €48.13) and the NBP Front Month contract at 117.77p (from 122.06p). No unplanned outage this morning and we…

DAILY MARKET REPORT – 10/11/2023 Market prices rose yesterday after a couple of quiet sessions, but maintaining a range seen for some time now. The latest long term temperature forecast shows little change, with close to seasonal normal to be expected through to the end of the year. Yesterday saw…

DAILY MARKET REPORT – 09/11/2023 A level day yesterday to keep prices as they were, and continuing to stay within the recent range. Yesterday saw the TTF Front Month contract settle at €45.78 (from €46.06) and the NBP Front Month contract at 116.12p (from 116.57p). No unplanned outage this morning…

DAILY MARKET REPORT – 08/11/2023 A slight uptick to undo much of Mondays session was seen yesterday. Once again we find ourselves trading within a range whilst a direction is sought, but with little to push the market in one direction or the other it just bobbles along a range…

DAILY MARKET REPORT – 07/11/2023 A soft session yesterday saw a decent decline in the near term contracts as fundamentals remain strong with 100% gas storage, plenty of LNG en route and cold temperatures not yet in sight. This, alongside healthy production levels, put the market in confident mode and…

DAILY MARKET REPORT – 06/11/2023 A level day to end the week with not much movement to the previous days settlement seen on Friday. EU gas storage levels are now within touching distance of recording 100% and will soon start to decline as withdrawals are likely to commence as the…