Market Insight

DAILY MARKET REPORT – 06/11/2023 A level day to end the week with not much movement to the previous days settlement seen on Friday. EU gas storage levels are now within touching distance of recording 100% and will soon start to decline as withdrawals are likely to commence as the…

DAILY MARKET REPORT – 03/11/2023 A slight uptick seen in yesterdays session, undoing much of the previous day, and keeping us level for now. The latest long term temperature runs continue to show just below seasonal norms to be expected throughout November and into the first half of December. Yesterday…

DAILY MARKET REPORT – 02/11/2023 A relatively level session seen yesterday following the bearish start to the week. With gas storage now brimming at the limit, EU traders may now look towards using facilities in Ukraine – something looked at several years ago – for any excess gas they want…

DAILY MARKET REPORT – 01/11/2023 Welcome along to November. As the closeout of October, and Halloween, arrived something spooked the bulls away from the market as we saw an impressive drop in market levels during yesterdays session. Looking ahead we see an uptick in expected LNG, over 99% storage levels…

DAILY MARKET REPORT – 31/10/2023 A bit of a yo-yo session seen yesterday which can often be the case as we close front month contracts. Markets were up early on, later retracting only to end as they started as news relating to Egypts LNG exports, none of which currently appear…

DAILY MARKET REPORT – 30/10/2023 A calm end to the week as Friday saw another level session compared to the previous day. Estonia has said that it believes the three Baltic pipe and cable incidents are likely connected. This comes after Finland recently named a vessel that it believes caused the…

DAILY MARKET REPORT – 27/10/2023 A fairly level session once again as the gas market holds stable close to €50-55 on the TTF and 125-135p on the NBP respectively along the curve. No change to the current temperature outlook, which continues to show a seasonal normal end of October and…

DAILY MARKET REPORT – 26/10/2023 Another fairly flat session with not much movement across the curve. This has been the case of many sessions of late as the market seems to hold within an envelope of close range without any underlying reason to push in either direction. Yesterday saw the…

DAILY MARKET REPORT – 25/10/2023 A slow start to the day but a bearish session come the end. An anchor was found near to the damaged area of the Balticonnector pipeline and Finland have stated they believe this to belongs to a Chinese registered vessel in the area at the…