Market Insight

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…

DAILY MARKET REPORT – 16/11/2023 Another relatively quiet session seen yesterday resulting in small discount at the front of the curve and Summer 24 contracts staying put … and the trend continues for now. Yesterday saw the TTF Front Month contract settle at €47.04 (from €47.61) and the NBP Front…

DAILY MARKET REPORT – 15/11/2023 An uneventful session yesterday with prices staying level to the previous day across the board. We are seeing small decreases in EU gas storage levels, but levels remain touching 100%. LNG deliveries continue to line up for the weeks ahead and the temperature outlooks remain to…

DAILY MARKET REPORT – 14/11/2023 A slight uptick to start the week off in yesterdays session as fundamentals hold steady and we continue to trade within the current envelope as a result. The latest long term weather runs continue to show the rest of 2023 to be at or just…

DAILY MARKET REPORT – 13/11/2023 A bearish end to the week, unwinding the gains seen in the bullish session on Thursday. Friday saw the TTF Front Month contract settle at €46.63 (from €48.13) and the NBP Front Month contract at 117.77p (from 122.06p). No unplanned outage this morning and we…