Market Insight

DAILY MARKET REPORT – 06/02/2023 Markets closed on a bullish note to close the week as near-term cold is set to take hold for a few days. As previously noted, this passes later this week the rest of February is expected to hold above seasonal normal before dipping below again as…

DAILY MARKET REPORT – 03/02/2023 Markets showed a bearish session yesterday, after a series of small bullish ones so far this week, despite potential fears of a cold spell heading our way. ACER set the new EU LNG reference price at €55.21 on Wednesday, around €4 from where the TTF…

DAILY MARKET REPORT – 02/02/2023 A bullish session was seen yesterday as weather forecasts showed a dip in the previous views for February and into early March, allowing some concern to creep in that we may see some colder temperatures towards the end of the winter season. The US Henry…

DAILY MARKET REPORT – 01/02/2023 The last trading day of January was a bullish one with prices rising around 5%. Issues remain on the Norwegian fleet with Kollnes still on unplanned outage. French power sector workers are planning to go on strike early next week. Freeport LNG has sought regulator…

DAILY MARKET REPORT – 31/01/2023 The March contracts now start to become our new front month as we come to the end of January. We’ve seen a rather bearish month with the market holding steading in the second half of the month. The European Commission has appointed Prisma to manage its ‘joint…

DAILY MARKET REPORT – 30/01/2023 It wasn’t quite a clean sweep of bearish sessions last week after Friday session initially gave us some hope before turning later in the afternoon to close just slightly up on the previous day. The most notable story from Friday was the confirmation of ICE planning…

DAILY MARKET REPORT – 27/01/2023 Another bearish session enjoyed yesterday as warmer temperatures are expected to see out January and welcome February over the coming days. Another bearish session today would have seen the whole week enjoy some downside, something not seen for some time. We saw the US Henry Hub…

DAILY MARKET REPORT – 26/01/2023 Markets continued their bearish direction for the third day this week in yesterdays session as the weather and supply outlook continues to give the market a level of comfort for the weeks ahead. After the DFS was activated earlier in the week by National Grid…

DAILY MARKET REPORT – 25/01/2023 A continuation of the bearish sentiment was seen across the board yesterday, pushing the levels to new lows not seen for a while to be tested. Temperatures are expected to return to seasonal normal from today and hold at or above them for the weeks…