Market Insight

DAILY MARKET REPORT – 15/10/2024An upward start to the week as the market reacts to unplanned issues with the Norwegian output and further developments in the Middle East and also that on the Ukraine-Russia border.The market remains extremely nervous, despite holding a strong fundamental outlook for the days and weeks…

DAILY MARKET REPORT – 14/10/2024A small downward movement seen to end the week on Friday, but still holding close to key levels reached.Little change in the outlook with eyes remaining on the Middle East, whilst some further issues in the Norwegian gas infrastructure limits the output capacity of several assets…

DAILY MARKET REPORT – 11/10/2024Back into the yo-yo of sessions as yesterday saw prices rise once again with the front month contracts back above those key levels of £1/therm and €40/MWh.It is expected that Russian gas will increase to Hungary after a memorandum of understanding was signed yesterday.  Hungary have…

DAILY MARKET REPORT – 10/10/2024A further bearish session yesterday, continuing to unwind the gains seen late last week as the market takes out some of the premium injected in recent weeks once again.Geopolitical factors remain the key driver to movements in either direction with eyes focussed on what happens next…

Being a little over half way into the calculation period for the upcoming January 2025 Price Cap, we thought we’d update where we see things going – based on current market conditions. Since the split of Price Caps into quarterly announcements following the ‘energy crisis’ a couple of years ago,…

DAILY MARKET REPORT – 09/10/2024After rising for much of last week on the back of the escalations in the Middle East, a softer session was seen yesterday after key price levels were hit on the front month contracts, suggesting some profit taking.With no key driver to push markets in either…

DAILY MARKET REPORT – 08/10/2024A very small downward movement seen in yesterdays session as the nerves continue to hold over what comes next in respect of the ongoing concerns around tensions in the Middle East with oil prices continuing to rise as a result, now passing $80/bbl.The Ukrainian Prime Minister…

DAILY MARKET REPORT – 07/10/2024Continued concern over escalations in the Middle East pushed prices up further on Friday, with the front month gas contracts now above £1/therm in the UK and €40 on the Dutch TTF.Colder temperatures are expected later this week and into the weekend before settling at seasonal…

DAILY MARKET REPORT – 04/10/2024And we’re up … again.Yesterday saw comments made that injected more uncertainty into the market. The International Energy Agency (IEA) released a report that suggested globally next year will be tight on supply whilst forecasting demand for gas will be at a record high.At the same…