Market Insight

DAILY MARKET REPORT – 28/03/2023 A calm start to the week with markets showing a small uptick in price levels. Temperature forecasts remain largely unchanged with a slightly below seasonal normal expected for April. LNG flows to the UK have dropped in recent days with just five cargoes expected in the…

DAILY MARKET REPORT – 27/03/2023 The week ended on a bearish note, continuing to stay close to the £1/€40 markers for the upcoming delivery contracts. This is despite the temperature forecasts to remain largely unchanged for the coming weeks to those of late last week. As the Nord Stream explosion…

DAILY MARKET REPORT – 24/03/2023 Bullish once again in yesterdays session as the markets continue to ‘yo-yo’ and stay close to key levels. Strikes in France continue which are affecting the country’s nuclear power stations and LNG terminals. The latest long term weather forecasts show another ‘dip’ in temperatures to…

DAILY MARKET REPORT – 23/03/2023 Back to bearish mode in yesterdays session as markets try to say close to key levels in recent days. Freeport LNG appears to have had some ‘hiccups’ on its restart plans and has cancelled a small number of cargoes according to Reuters. This comes after the…

DAILY MARKET REPORT – 22/03/2023 A reversal yesterday after a couple of concurrent bearish sessions of late, however prices are still holding close to €40 and £1 on the TTF and NBP respectively after breaking lower than these psychological levels on Monday. No real change to the overall outlook with…

DAILY MARKET REPORT – 21/03/2023 The bearish trend continued in aggressive fashion yesterday to kick start the week. UK Gas dipped below the £1/therm level for near term delivery contracts and the Dutch TTF did the same to dip below €40/MWh. UK Power also getting close to escape triple digits. The…

DAILY MARKET REPORT – 20/03/2023 A bearish end to the week saw markets hit some lows not seen in a while. This comes as we are now just days away from the end of the winter season with 55% gas stocks held and temperatures expected to hold close to seasonal…

DAILY MARKET REPORT – 17/03/2023 A small uptick in markets yesterday as the values stay relatively stable in recent weeks as we head quickly towards the end of the winter season. Looking ahead, EU storage levels will close just slightly below their last five year average thanks to the recent…

DAILY MARKET REPORT – 16/03/2023 Another continued bearish session yesterday despite the French strikes, affecting LNG terminals, being announced they will continue into next week. As expected, the Budget announced by the Chancellor Jeremy Hunt yesterday confirmed the Energy Price Guarantee for households will continue at the current level of £2,500…