Market Insight

DAILY MARKET REPORT – 24/10/2023 A flat end to the first session of the week after showing some bearish promise at the start of the day. EU gas storage levels continue to squeeze towards 100%. The latest long term weather runs show a seasonal normal end to October before dipping…

DAILY MARKET REPORT – 23/10/2023 Another relatively flat session to end the week on Friday, with a slight uptick on the front month contracts. Friday saw the TTF Front Month contract settle at €51.11 (from €50.17) and the NBP Front Month contract at 126.19p (from 123.63p). No unplanned outage this…

DAILY MARKET REPORT – 20/10/2023 A fairly flat session in the end yesterday as we still see strong supply levels with an undertone of fear around global events keeping the market on edge. The latest long term weather runs show temperatures just below seasonal normal throughout November. Yesterday saw the…

DAILY MARKET REPORT – 19/10/2023 Another bullish session seen yesterday as tensions continue to mount in the Middle East. Yesterday saw the TTF Front Month contract settle at €50.83 (from €48.90) and the NBP Front Month contract at 125.83p (from 122.03p). Asgard on unplanned outage this morning and we see…

DAILY MARKET REPORT – 18/10/2023 A level end after a mixed session yesterday after showing a small upward start, before ending the day up slightly on the previous day. This level may be the new envelope range whilst developments around the Australian strike action, escalation in Israel and Gaza and…

DAILY MARKET REPORT – 17/10/2023 A bearish session to start the week as some of the fear is removed from markets upon realisation that underlying fundamentals are healthy, and perhaps some position closing and profit taking. Warmer temperatures are expected in the coming days, before they are forecast to dip…

DAILY MARKET REPORT – 16/10/2023 A bullish session ended the week on Friday as colder temperatures landed, alongside continued fears relating to wider global issues including the Australian LNG strikes, escalation between Israel and Gaza and of course now a generic fear over the safety of energy infrastructure. The cold…

DAILY MARKET REPORT – 13/10/2023 A bullish session seen on Thursday, despite underlying supply fundamentals looking healthy, as the market considers the fear of further infrastructure attacks. Alongside some colder weather for the coming days, attacks on Nord Stream AG last September and more recently a potentially similar fate for the…

DAILY MARKET REPORT – 12/10/2023 A bearish session seen yesterday, unwinding much of the previous session, despite comments around the damaged gas pipeline between Finland and Estonia, both NATO members, being suggested as deliberate which may attract a determined response if found to be the case. Whilst investigations are ongoing, it…