Market Insight

DAILY MARKET REPORT – 12/12/2023 A sizeable move downwards in yesterdays session to start the week off. The latest weather runs show at or just above seasonal normal temperatures to be expected until early January which will further help keep panic at bay. At the same time, plenty of LNG heading…

DAILY MARKET REPORT – 11/12/2023 A downward end to the week as markets showed yet another bearish session to unwind the previous days gains. With the colder weather now passing, and expected to stay close to seasonal normal for the coming weeks, markets appear once again calmed. Combined with a flurry…

DAILY MARKET REPORT – 08/12/2023 A further small uptick seen in yesterdays session following several days of downward movements over the past week. The latest temperature forecasts continue to show a warm few days ahead followed by close to seasonal normal until well into January. Couple that with continuing healthy gas…

DAILY MARKET REPORT – 07/12/2023 A slight bounce in yesterdays session, which is unsurprising after a few consecutive bearish sessions. Yesterday saw the TTF Front Month contract settle at €39.31 (from €38.13) and the NBP Front Month contract at 98.25p (from 95.38p). No unplanned outage this morning and we see…

DAILY MARKET REPORT – 06/12/2023 A further bearish session seen yesterday as the market pushes to new lows and through some crucial psychological levels on the front contracts. Continued healthy flows and seasonal normal weather are helping to give comfort to the market. Yesterday saw the TTF Front Month contract…

DAILY MARKET REPORT – 05/12/2023 A bearish session yesterday, pushing prices to recent lows. The latest forecasts show some warmer temperatures to be expected in the coming days before settling at seasonal normal levels until mid-January. This will be a level of comfort for the market, alongside healthy supply with the…

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%.