Market Insight

DAILY MARKET REPORT – 01/07/2024Welcome along to July.Fridays session was fairly flat in the end with not much movement seen across any of the contracts.Cooler weather is expected this week (being below seasonal normal) after seeing some high temperatures of late, although they are expected to be above seasonal normal…

DAILY MARKET REPORT – 28/06/2024The market continues to hover in the window it has for many days now, moving either slightly up or down between sessions.As we reach the end of June, August becomes our front month on many contracts.Day ahead power prices are low today thanks to low and…

DAILY MARKET REPORT – 27/06/2024An unwinding of the gains seen in the previous session as we seem to once again have found a bit of a holding pattern/range for the time being.The warmer weather is expected the drop this week, much closer to seasonal normal than we’ve enjoyed this week…

DAILY MARKET REPORT – 26/06/2024A small uptick in prices across the board seen in yesterdays session.This came as further power related issues at Equinors Hammerfest LNG terminal were reported.Yesterday saw the TTF Front Month contract settle at €34.85 (from €34.08) and the NBP Front Month contract at 81.59p (from…

DAILY MARKET REPORT – 25/06/2024A fairly flat session to get the week underway seen yesterday.The EU have signed off the 14th package of sanctions against Russia which, for the first time, includes a target on the countries gas exports – although remains limited in scope. As outlined last week, it targets…

DAILY MARKET REPORT – 24/06/2024A further downward session seen on Friday to end the week.Much warmer weather is expected this week, with average temperatures in the UK being as much as 5 degrees above seasonal normal.EU Gas storage facilities have now surpassed the three-quarter full mark, and remain in line…

DAILY MARKET REPORT – 21/06/2024A downward session seen yesterday, unwinding any gains seen from the previous day.This is partly due to nominations post the payment day, as mentioned yesterday, passing without any undue surprises.The LNG issues in Australia also seem to have been resolved with a restart of the facilities…

DAILY MARKET REPORT – 20/06/2024A further uptick seen in yesterdays session as the Norwegian outages continue, although are not significant.The is also concern around gas flows out of Russia with several parties being in dispute with Gazprom Export. OMV recently reported it expected flows to cease over payment…

DAILY MARKET REPORT – 19/06/2024A slight uptick in yesterdays session as Troll and Nyhamna, the larger assets in the Norwegian fleet, briefly showed as having issues. That now seems to be resolved, however Visund continues to be on unplanned outage.Yesterday saw the TTF Front Month contract settle at €34.70 (from €34.21)…