Market Insight

A soft market direction continued yesterday with prices at their lowest for a while. Much of the discussion yesterday appeared to be on the European price cap and how ineffective it is likely to be. With several parties already citing how it can be avoided, particularly with the suspension of the…

A strong bearish push to end the week across the board. The updated warmer temperature outlook helped put relief into the market. National Grid ESO Grid has put the coal plants back into test runs for today and tomorrow. The EU will today once again reconvene around the table in…

A continuation of the recent upward trend in price levels was seen yesterday as the cold weather starts to take hold and we see some unplanned outages in the Norwegian fleet. Gas storage is now helping the supply side after a strong resistance to use it in the first two…

More bullish momentum continues into the market with spot and curve prices rising again in yesterdays session as we move deeper into winter delivery and contracts switch to a new forward month. January remains a focal point of concern when it comes to cold temperatures and potential tightness around the…

A continued bearish trend seen in the markets yesterday as the outlook for the coming weeks, in terms of expected temperatures, gave some confidence to the market. Canada has decided to remove the exception that permitted the repaired turbine to be returned to Germany earlier this year as part of…

A bearish start to the week despite the cold temperatures which saw spot prices climb but have since calmed. In a constantly changing outlook, the latest long term temperature forecasts now show a quick return to seasonal normal this coming weekend, which might feel like a heatwave after heavy snow…

A fairly steady end to the week along the curve after an interesting week of movement in both directions. Whilst the arguments over oil price caps on Russian oil and of course the ongoing split of European countries over the structure of a gas price cap, the focus is very…

A bullish start to yesterdays session turned into a bearish end as the market swung in direction throughout the session. No significant change to the long range temperature forecast, which continues to show very cold temperatures for the next ten days or so and staying below seasonal normal until the…

Yesterday UK markets showed some upward movement whilst the TTF market remained stable to bearish. Temperatures turn cold(er) today, dipping to seasonal normal, before rising again for the next 10 days or so and the latest long-term forecast shows a cold end of November and start to December to be…