Market Insight

DAILY MARKET REPORT – 17/12/2024A further downward push to get the week started seen in yesterdays session.Warmer temperatures expected over the coming weeks, together with plenty of wind generation, will help alleviate the risk of rapid decline of EU gas stocks.Last night the Ukrainian Prime Minister stated Ukraine was ready…

DAILY MARKET REPORT – 16/12/2024A continuation of the soft direction was seen on Friday, pushing prices lower still after several weeks of generally bullish volatility.Warmer weather now expected for the remainder of December in the latest temperature forecasts, as EU gas stocks now at below 80%.This morning, eyes will be…

DAILY MARKET REPORT – 13/12/2024Another soft session yesterday sees prices fall away from their recent highs and back towards the €40 and £1 levels in the EU and UK gas markets respectively.With the wind expected to return over the weekend, alongside some warmer temperatures, electricity spot prices are expected to…

DAILY MARKET REPORT – 12/12/2024A softer session seen yesterday which has calmed the front of the curve a little further.Despite OMV issuing a statement last night confirming it has terminated its agreement with Gazprom Export, which is thought to run until 2040, due to breaches of the agreement. This…

DAILY MARKET REPORT – 11/12/2024A small uptick in prices seen in yesterdays session on the curve.Day ahead power prices saw a huge increase on the back of lower renewables output and limited nuclear capacity – which could remain the case for the coming days. Prices almost doubling to that of recent…

DAILY MARKET REPORT – 10/12/2024A bearish start to the week seen in yesterdays session as the market sees no negative impact from the weekends events in the Middle East.Underlying fundamentals remain unchanged which has allowed some profit taking ahead of the Xmas break, perhaps removing some of the risk premium…

DAILY MARKET REPORT – 09/12/2024A calm end to the week as Fridays session ended flat to the previous days settlement.Over the weekend escalations in the Middle East took a surprising turn with the long-standing government overthrown in Syria. Whilst it is not expected to cause direct impact to energy markets, any…

DAILY MARKET REPORT – 06/12/2024A further small drop seen in yesterdays session, as we try to pull away from those recent highs.Yesterday a Russian decree was passed banning Gazprombank, partly owned by Gazprom, from changing foreign currency to Rubles for the payment of gas, meaning any buyers must…

DAILY MARKET REPORT – 05/12/2024Markets breathed a little yesterday after holding at elevated levels for some days now. A drop in levels was seen to pull back from those highs will be a welcome relief.Underlying fundamentals remain unchanged from recent days with flows remaining steady, including those of LNG cargoes expected…