Market Insight

A relatively muted day in the market yesterday whilst the EU met to have further discussions on a potential price cap. Probably as expected it ended yet again without agreement and further talks are expected to take place next Monday. Yesterday saw the TTF January contract settle at €137.53 (from…

A turn in direction in yesterdays session as most contracts showed an upwards trend. In responding to Canadas announcement on updated sanctions to Nord Stream 1 repairs, Russia commented it still had not seen the results of any investigation on the pipeline attacks from September, nor had any discussions around potential…

A continuation of the bearish momentum got the week off to a start yesterday with losses showing across the board. This came as the EU finally agreed a price cap after many weeks of discussions. This will come into play from 15th February and is set to a much lower level…

Markets continued their bearish trend yesterday, with the TTF Sum and Win 23 contracts joining the front month below the €100 marker. The German energy regulator, who has been reporting weekly progress on the energy saving targets in recent months, has continued to show this is now being missed and…

Markets continued to show downside yesterday as the TTF front month traded below €100 for the first time in a while. In a continued trend of capital being required by several energy businesses of late, Norways Equinor pumped some €3.5bn into its Danske Commodities trading business as it manages the market volatility…

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…