Market Insight

DAILY MARKET REPORT – 12/05/2023 A level market yesterday with very tiny movements seen across the board. The latest long term temperature forecasts show to expect a warmer than average June, which may help limit prices for the coming weeks provided electricity generation from gas remains limited and excess can…

DAILY MARKET REPORT – 11/05/2023 A soft market at the prompt helped the front month push towards new lows not seen for some time, with the curve holding stable. The EUs first joint gas buying request was made yesterday with 77 companies subscribing to 11.6 bcm of gas, of which…

DAILY MARKET REPORT – 10/05/2023 A fairly sideways movement across the board in yesterdays session as we appear to have found a level of comfort for the time being. Temperature forecasts for the weeks ahead together with relative strong flows of gas are encouraging and enables storage injection to maintain…

DAILY MARKET REPORT – 05/05/2023 No change to the norm again in yesterdays session with a calm and bearish session. Yesterday saw the TTF June contract settle at €35.65 (from €36.78) and the NBP June contract at 80.51p (from 83.60p). No unplanned outage this morning and we see a flow…

DAILY MARKET REPORT – 04/05/2023 A continuation of a relaxed market, particularly on the prompt where prices will help with storage refill for the weeks and months ahead. It was a day of profit reporting for many over the last 24 hours with Danish trader Danske Commodities reporting a near ten-fold…

DAILY MARKET REPORT – 03/05/2023 A soft start to get the month underway as the gas stocks across Europe cross the 60% marker and start to show some progress. A report commentating on the Nord Stream AG pipeline attacks last year have placed a number of Russian vessels near to the…

DAILY MARKET REPORT – 02/05/2023 A calm day to end the month, ahead of a long weekend, on Friday. Markets continue to hold in a steady state, slowly creeping downwards as confidence grows in the supply-demand mix for the future. Friday saw the TTF June contract settle at €38.83 (from €39.20)…

DAILY MARKET REPORT – 28/04/2023 A mixed bag yesterday which resulted in a slight uptick in prices by the close as the May delivery contract came to a close on most markets. Today we see a new front month contract take position. Norway have announced they will take ownership of all…

DAILY MARKET REPORT – 27/04/2023 A bearish move at the front in yesterdays session as we get closer to closing out the May contract, with the rest of the curve holding steady. Russia has declared by a decree that it would look to seize Western assets in the country in…