Market Insight

DAILY MARKET REPORT – 14/04/2023 A continuation of a calm market yesterday – in stark contrast to the extreme volatility the markets were in around this time last year. The latest long term temperature forecasts show May to be at seasonal normal, however the near term picture has changed slightly…

DAILY MARKET REPORT – 13/04/2023 A fairly level day in the markets yesterday as contracts hold position close to key levels seen commonly for the past few weeks now. There’s little change in the current outlook generally, with gas storage now into injection mode for the summer and a steady…

DAILY MARKET REPORT – 12/04/2023 A slight uptick in near term contracts yesterday, with slightly greater increases on the longer term contracts seen in yesterdays session. Ongoing French strikes continue to disrupt the country, including the maintenance plans for the nuclear fleet. Despite the loss of Russian gas this year,…

DAILY MARKET REPORT – 11/04/2023 A bearish end to the short week last week ahead of the long Easter weekend which saw the markets closed. Prices have held close to £1/therm or €40/MWh in recent weeks for near term delivery and eyes are now on how quickly storages can be…

DAILY MARKET REPORT – 06/04/2023 Another bearish session yesterday to follow the previous. No major news to drive the direction, however the market remains to hold a positive outlook on supply and demand balances for the near future, helped by a healthy starting balance to the summer storage injection season…

DAILY MARKET REPORT – 05/04/2023 A bearish session yesterday, unwinding much of the gains seen from Mondays session. The US and EU met in Brussels for an energy summit in which they reaffirmed the intent to combat any disruption to energy markets having last met early last year, just prior…

DAILY MARKET REPORT – 04/04/2023 A bullish session again yesterday across the board with oil prices rising on the back of the OPEC+ production cut announcement at the weekend. Gas and power prices followed the trend and the delta between European and Asian LNG prices show a bigger gap. The latest…

DAILY MARKET REPORT – 03/04/2023 Fridays sessions saw the week close out in bullish style as markets showed upside across the board. On Friday the European Commission announced it would extend its gas price cap to all European trading hubs from 1st May. On Sunday the OPEC+ group made a surprise…

DAILY MARKET REPORT – 31/03/2023 Welcome to the last day of winter delivery. The market closed off the April and Summer contracts yesterday as May and (next) Winter become the front month and season respectively. The UK has announced its ‘green day’ plans with Grant Shapps outlining the focus is on energy…