Market Insight

DAILY MARKET REPORT – 26/05/2023 A ‘big’ move seen for the first time in a long time in yesterdays session, as markets showed some downside to the tune of around ten percent. A healthy current supply/demand mix, with emphasis on confidence from EU forecasts over demand reductions this year to…

DAILY MARKET REPORT – 25/05/2023 A small downward movement on the prompt contracts, but stable on the curve, in yesterdays session – which mirrors many of the sessions in recent days. This morning Ofgem have confirmed the latest Price Cap figures which, for the first time in 18 months, sees a…

DAILY MARKET REPORT – 24/05/2023 A continuation of a relatively quiet market of late, with only very small movements in our monitored contracts in yesterdays session. Much of this ‘calmness’ will be a welcome sign to many after incredible volatility over the past 18-months or so and will be hoping…

DAILY MARKET REPORT – 22/05/2023 Markets held steady to end the week showing a fall of decent proportion against values of the previous week, something most definitely welcome. This is supported by gas storage levels increasing and holding close to the 2019/2020 trends – which both saw 85% being hit…

DAILY MARKET REPORT – 19/05/2023 A fall in prompt prices pushed levels to those not seen since 2021, with the TTF front month now sitting below €30/MWh and UK NBP below 70p/therm. The latest temperature outlook continues to show June to be a warmer than seasonal month, which has been…

DAILY MARKET REPORT – 18/05/2023 A small uptick in curve prices in yesterdays session, but not so on the prompt contracts as supply continues to hold strong and underpin confidence levels. Yesterday saw the TTF June contract settle at €31.95 (from €31.82) and the NBP June contract at 72.95p (from…

DAILY MARKET REPORT – 17/05/2023 Another calm session, something now of common occurrence, saw a further bearish tone across the board. We now see the UK gas winter contract close to 120p/therm, having held around 150p/therm until recently. Similarly we also see spot prices at much more sensible levels, although not back…

DAILY MARKET REPORT – 16/05/2023 A bearish session to get the week underway, with the curve contracts attracting the most movement with the TTF winter contract now below €50. Yesterday saw the TTF June contract settle at €32.31 (from €32.77) and the NBP June contract at 74.45p (from 75.93p). Norne…

DAILY MARKET REPORT – 15/05/2023 A bearish end to the week saw prices hit long term lows, particularly at the front of the curve where June contracts dipped more strongly. Not much to report in wider news, with everything looking to remain the same in terms of temperature and supply…