Market Insight

DAILY MARKET REPORT – 22/04/2024After a series of upward sessions early last week, Friday saw an unwinding of much of those gains to put us back close to where the week started with a downward session to end the week.Temperature outlooks still remain below seasonal normal for the final week…

DAILY MARKET REPORT – 19/04/2024A move back upwards again seen in yesterdays session.Temperature outlooks remain largely unchanged, apart from a slight dip in the coming days to be expected against the previous forecast.After a quiet few weeks the Nord Stream AG saga continues with insurers stating that the pipeline…

DAILY MARKET REPORT – 18/04/2024A pullback seen in yesterdays session, unwinding the gains seen from Monday.The UK Winter gas contract getting close to £1/therm, now back down toward the low 90p area – reminding us just how nervous the market still is and how quickly the it can still move…

DAILY MARKET REPORT – 17/04/2024Up across the board yesterday as several Norwegian assets reduce output and temperatures are set to stay below seasonal normal for the next couple of weeks.The UK Winter gas contract is notably now touching the £1 level, having been just 80p just a couple of weeks…

DAILY MARKET REPORT – 16/04/2024A further upward movement to get the week underway as unplanned outages in Norway dent the markets confidence which has seen spot gas prices rise as a result.Those outages continue this morning with a second outage so this may push some further upside until those are…

DAILY MARKET REPORT – 15/04/2024 A further uptick in the market seen to end the week in Fridays session as nerves were clearly put to the test following the developments on Thursday. Over the weekend further escalation in the Middle East will be adding pressure to the markets nerve this…

DAILY MARKET REPORT – 12/04/2024 An uptick seen in the session yesterday as Russian attacks on Ukraine energy infrastructure together with the European Parliament approving the ban of Russian LNG test the markets nerve as to how comfortable it feels. Yesterday saw the TTF Front Month contract settle at €29.38…

DAILY MARKET REPORT – 11/04/2024 A further small downward movement seen in yesterdays session on near term contracts, although overall appeared rather muted across the board. The pattern continues to hold around these levels, as it has done in recent weeks. Yesterday saw the TTF Front Month contract settle at…

DAILY MARKET REPORT – 10/04/2024 A small downward movement seen in yesterdays session as the holding pattern seen of late continues. The latest long term weather runs show above seasonal normal levels this week, quickly followed by a few colder days into next week before holding around or just below…