Market Insight

DAILY MARKET REPORT – 04/07/2023 A bearish start to the week as prices continue to hold within a range, despite a few days of up and down movement seen in recent weeks a clear direction is still not clear. Long term temperature forecasts continue to show above seasonal normal to…

DAILY MARKET REPORT – 03/07/2023 Welcome to July – already halfway through the year. Friday saw a bullish end to the week. On Friday Centrica announced that the Rough storage facility, the UKs largest gas storage asset, will hold around double what it could last winter after works to increase the capacity. However…

DAILY MARKET REPORT – 30/06/2023 A small upward movement in yesterdays session as the front month contract comes to end. Yesterday saw the TTF August contract settle at €35.34 (from €34.32) and the NBP August contract at 87.34p (from 84.98p). Norne remains on unplanned outage this morning and we see…

DAILY MARKET REPORT – 29/06/2023 A level day in yesterdays session with not much movement come the end. A lack of news, unlike we have seen in recent days and weeks, gave for a calm day across the board. Yesterday saw the TTF July contract settle at €34.13 (from €34.51)…

DAILY MARKET REPORT – 28/06/2023 A relatively quiet start to yesterdays session until Gassco AS announced changes to the planned maintenance schedule for the coming weeks, increasing some of the volume that will be offline. As with any potential negative news, this caused the markets to rise in the afternoon in…

DAILY MARKET REPORT – 27/06/2023 After a bullish start to the Mondays session, likely reacting to events in Russia over the weekend, the bears took control during the course of the afternoon to slowly erode the early gains. Not much to report besides what has already been said in recent…

DAILY MARKET REPORT – 26/06/2023 A bearish end to the week with there being not much change in market sentiment. Markets appear to maintain a holding pattern for now, with an overall desire to push lower albeit tentatively due to underlying nerves around potential supply issues. The return from maintenance of…

DAILY MARKET REPORT – 23/06/2023 An overall bearish session yesterday as contracts retreated once again after experiencing a volatile week or two of late. Long range temperature forecasts still show above seasonal normal average temperatures for the coming six weeks or so. Yesterday saw the TTF July contract settle at…

DAILY MARKET REPORT – 22/06/2023 Another mixed session yesterday, resulting in a small discount by the end of the session mostly driven by continued nervousness around Norwegian outages and several technical market levels being tested. Until mid-July, when the major planned gas fields are expected to return to service, this…