Market Insight

DAILY MARKET REPORT – 04/12/2023 An upward movement in Fridays session to end the week as the colder weather took hold across much of the UK. This week temperatures are expected to increase back towards seasonal normal levels and stay there until into the new year, according to the latest…

DAILY MARKET REPORT – 01/12/2023 Welcome along to December. Despite the cold temperatures, strong flows have kept the market in check and we saw just a small rise in yesterdays session. The temperatures are expected to stay lower than seasonal normal for a few more days, before getting back to…

DAILY MARKET REPORT – 30/11/2023 As the December front month contract came to a close, the bearish sentiment continued in yesterdays session. This morning we see impressive flow levels from both Norway and also at Velke Kapusany, whilst retaining high EU gas storage levels which are still holding above 96%.

DAILY MARKET REPORT – 29/11/2023 A continuation of the downward trend seen in yesterdays session as the market still grows some confidence in managing through this winter. Yesterday saw the TTF Front Month contract settle at €42.77 (from €43.98) and the NBP Front Month contract at 108.68p (from 112.21p). Aasta…

DAILY MARKET REPORT – 28/11/2023 A bearish start to the week as we see markets dip in the final days of November. Despite a few cold days ahead, strong stock levels and flows including plenty of LNG into December keep confidence levels high. Yesterday saw the TTF Front Month contract…

DAILY MARKET REPORT – 27/11/2023 Markets saw a flat end to the week in Fridays session. This week sees the end of the December contract as the front month as we start to look forward to the second half of winter delivery. As we approach the end of November we still…

DAILY MARKET REPORT – 24/11/2023 Markets were up on the prompt delivery contract yesterday, mostly on the back of near term colder temperature forecasts for the coming weeks. The latest long term runs show a considerable dip in temperatures this weekend, and remaining below seasonal normal for the first week…

DAILY MARKET REPORT – 23/11/2023 A small gain on the prompt delivery contracts and no real movement along the curve as temperature forecasts appear to be the key driver in yesterdays session. This morning Ofgem announced the January-March 2024 Price Cap. With markets holding relatively steady for a period of time now,…

DAILY MARKET REPORT – 22/11/2023 The market continues to show a bit of a yo-yo effect as yesterdays session undoes much of the gains seen on Monday. We now start to see a slow reduction of EU gas storage levels, indicating net withdrawals are now a daily factor. This is usual…