Market Insight

DAILY MARKET REPORT – 30/01/2025A very bullish session seen yesterday as front month prices rallied to fresh highs once again with the near-term curve being pulled with it.Updated temperature forecasts now showing February to be colder than previously expected which will put further demand on gas storage withdrawals – which…

DAILY MARKET REPORT – 29/01/2025A fairly flat day seen in yesterdays session across the curve.In the afternoon the Danish Energy Agency confirmed it had granted permission for Nord Stream 2 AG to undertake preservation works later this year to install specially manufactured plugs to the damaged string of…

DAILY MARKET REPORT – 28/01/2025A bearish start to the week as the concerns surrounding Freeport LNG potentially not exporting at the end of last week appear to have now passed and the European Commission confirming talks are continuing with Ukraine around transit gas towards Europe.LNG cargoes from the…

DAILY MARKET REPORT – 27/01/2025A volatile week ended with continued upside in Fridays session.Weather playing a key part in recent weeks, as geopolitical undertones bed themselves in as we wait to see the impact of President Trumps second term in office as he put demands on other countries such as…

DAILY MARKET REPORT – 24/01/2025A relatively flat day, slightly up on the previous, in the end seen in yesterdays session.Concerns over weather impacts on US LNG exports have been the main focus in recent days.On that topic President Trump said yesterday that he would ‘guarantee’ LNG supplies to Europe even…

DAILY MARKET REPORT – 23/01/2025A softer session yesterday after Freeport LNG in the US showed signs of restarting after being offline the previous day due to a power cut caused by bad weather.Meanwhile temperature fluctuations in the weeks ahead are starting to show in the long term forecast which…

DAILY MARKET REPORT – 22/01/2025It was a relatively calm session yesterday until the afternoon saw an impressive rise pushing the curve to highs once again.Despite the near-term prices being elevated due to low wind generation and some colder temperatures putting pressure on gas stocks, the further dated contracts also rose…

DAILY MARKET REPORT – 21/01/2025Markets started the week with a small upward movement in yesterdays session as the world waited for the inauguration of President Trump to office.He has signed initial Executive Orders that include releasing more fossil fuels for global export and removing America from the Paris climate agreement. In…

DAILY MARKET REPORT – 20/01/2025Markets finished upwards on Friday after a rollercoaster week following that aggressive rise on Monday.Low wind today has pushed spot power prices to high levels once again. Day ahead prices set yesterday close to £200, with peaks hitting £500 in the late afternoon.A mixed weather outlook in…