Market Insight

DAILY MARKET REPORT – 01/06/2023 Welcome to June. Yesterdays session was an interesting one where, for the first time in a while, we saw just how nervous the underlying market is. With news of Norways Hammerfest LNG plant experiencing a leak, the market ‘rocketed’ showing prompt contracts erasing the discounts enjoyed over…

DAILY MARKET REPORT – 31/05/2023 A fairly flat session yesterday, with small movements seen across the contracts we follow in our morning report. LNG arrivals towards the UK over the next couple of weeks are at their lowest for some time now as European prices stay much lower than the…

DAILY MARKET REPORT – 30/05/2023 Another bearish day to end the week showing prices levels not seen for two years at the prompt. LNG ship arrivals have slowly been declining in recent weeks as a result and we now only expect a handful of cargo arrivals to the UK in…

DAILY MARKET REPORT – 26/05/2023 A ‘big’ move seen for the first time in a long time in yesterdays session, as markets showed some downside to the tune of around ten percent. A healthy current supply/demand mix, with emphasis on confidence from EU forecasts over demand reductions this year to…

DAILY MARKET REPORT – 25/05/2023 A small downward movement on the prompt contracts, but stable on the curve, in yesterdays session – which mirrors many of the sessions in recent days. This morning Ofgem have confirmed the latest Price Cap figures which, for the first time in 18 months, sees a…

DAILY MARKET REPORT – 24/05/2023 A continuation of a relatively quiet market of late, with only very small movements in our monitored contracts in yesterdays session. Much of this ‘calmness’ will be a welcome sign to many after incredible volatility over the past 18-months or so and will be hoping…

DAILY MARKET REPORT – 22/05/2023 Markets held steady to end the week showing a fall of decent proportion against values of the previous week, something most definitely welcome. This is supported by gas storage levels increasing and holding close to the 2019/2020 trends – which both saw 85% being hit…

DAILY MARKET REPORT – 19/05/2023 A fall in prompt prices pushed levels to those not seen since 2021, with the TTF front month now sitting below €30/MWh and UK NBP below 70p/therm. The latest temperature outlook continues to show June to be a warmer than seasonal month, which has been…

DAILY MARKET REPORT – 18/05/2023 A small uptick in curve prices in yesterdays session, but not so on the prompt contracts as supply continues to hold strong and underpin confidence levels. Yesterday saw the TTF June contract settle at €31.95 (from €31.82) and the NBP June contract at 72.95p (from…