Market Insight

DAILY MARKET REPORT – 29/01/2024 A mixed session on Friday, pushed upwards in the afternoon by news of an oil tanker in the Red Sea hit by a missile, although the overall session ended flat to the previous. News such as this will ‘spook’ the market, however impact appears to…

DAILY MARKET REPORT – 26/01/2024 An ‘as you were’ day yesterday as Wednesdays gains were eroded in Thursdays session. This may be the holding pattern we see whilst we head towards the end of the winter period with little to push the market firmly in either direction. Supply appears to…

DAILY MARKET REPORT – 25/01/2024 A slight uptick in yesterdays session, as February appears a month of two halves in terms of forecast temperatures. In recent forecasts it has been showing for a warm start and seasonal normal end, however the latest runs now show that as a potentially colder…

DAILY MARKET REPORT – 24/01/2024 A flat session yesterday, ending almost unchanged to where it started. Whilst this may not seem exciting or interesting, it is a good sign. If we cast our minds back a few years, the current spot prices were ‘normal’ levels during winter months. We are nearing…

DAILY MARKET REPORT – 23/01/2024 A bearish start to the week, as those temperatures start to increase after a few days of cold. No change on the outlook in terms of supply which remains stable, gas storage which remains just under 75% or temperatures which remain to show above or…

DAILY MARKET REPORT – 22/01/2024 A slight uptick to end the week in Fridays session, but overall a bearish week last week. Temperatures have now started to increase and are expected to be above seasonal normal for the coming weeks as forecasts now start to look towards the end of…

DAILY MARKET REPORT – 19/01/2024 A level session seen yesterday after a series of bearish ones of late as the market continues to hold at some long-term lows and below key levels such as €30/MWh and 70p/therm on the front month gas contracts. The latest weather runs show that the…

DAILY MARKET REPORT – 18/01/2024 The bearish sentiment continues. A further downward movement in yesterdays session to push values to new lows, not seen for some time, were welcomed backed by comfortable supply levels and a temperature forecast towards the end of winter that suggests no further cold spells for…

DAILY MARKET REPORT – 17/01/2024 No significant change to levels across the board yesterday as prices hold at current levels in yesterdays session. The current cold spell is nearing its end, with warmer temperatures expected next week. Activity in the Red Sea continues to be a key focus for commercial…