Market Insight

DAILY MARKET REPORT – 20/08/2024A calm start to the week with a fairly flat session seen yesterday.No change to the outlook as EU gas storage levels now touch the 90% level required by November, whilst escalations in the Middle East and on the Ukraine-Russia border continue.It is expected that the…

DAILY MARKET REPORT – 19/08/2024A fairly level end to the week seen in Fridays session.Over the weekend activity continued on the Ukraine-Russia border, close to key energy infrastructure, which will retain some level of concern.Russia have formally complained to Germany and other Western countries about the investigation into the…

DAILY MARKET REPORT – 16/08/2024A slight uptick seen in yesterdays session, unwinding the losses seen from Wednesday.Continued escalations around the Ukraine-Russia border will be injecting some concerns, although they have been around for some time now, but markets will continue to react to any news as it holds an underlying…

DAILY MARKET REPORT – 15/08/2024Another calm session seen yesterday as the market seems to have run out of steam following its upwards rally last week.EU gas stocks are now approaching the key 90% level, which it must reach by the end of October each year.Yesterday saw the TTF Front Month…

DAILY MARKET REPORT – 14/08/2024Another calm session seen yesterday, despite conflicts around key gas infrastructure continuing around the Ukraine-Russia border.After many months of silence, and almost two years after the event, German investigative authorities have released an arrest warrant for a Ukrainian diving instructor believed to have been involved in…

DAILY MARKET REPORT – 13/08/2024A mixed session yesterday which saw markets rise quite aggressively at one point before retreating towards the end of the day as continuation of recent concerns continued to play out.The market is now preparing itself for gas flow from Russia via Ukraine to stop at some…

DAILY MARKET REPORT – 12/08/2024A small uptick in prices seen in Fridays session to end the week after a week of rises following growing concerns around escalations in the Middle East and also around the Ukraine/Russia border. This activity may continue for the foreseeable.Warmer weather expected to start this week, before…

DAILY MARKET REPORT – 09/08/2024The nerves are still getting the better of the market as concerns continue around the flow of gas from Russia through Ukraine at Sudzha which is nominating lower each day as clashes continue in the area.Prices on selected contracts are now pushing to recent highs again…

DAILY MARKET REPORT – 08/08/2024Discussions around explosions close to energy infrastructure in Ukraine appeared to be the main driver to an upwards drive in market prices yesterday.Today we see nominations through Ukraine at lower levels that we’ve seen of late.The above, combined with ongoing underlying concerns of clashes in the…