Market Insight

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…

DAILY MARKET REPORT – 21/11/2023 A small bounce to start the week, particularly on the front month contracts. The latest temperature forecasts show a dip later this week, where temperatures could stay below seasonal normal for the end of November and first week of December before staying close to seasonal…

DAILY MARKET REPORT – 20/11/2023 A soft end to the week seen in Fridays session as markets continue to show some confidence. A slight dip in LNG arrivals and a Norwegian unplanned outage may allow prices to revert slightly and maintain its recent range, however overall fundamentals remain unchanged. Friday…

DAILY MARKET REPORT – 17/11/2023 A bearish session across the board seen yesterday as fundamentals remain strong allowing the market to dip back towards the low of the recent envelope it has recently been holding. Yesterday saw the TTF Front Month contract settle at €45.85 (from €47.04) and the NBP…