Market Insight

DAILY MARKET REPORT – 30/09/2024With continued escalations in the Middle East, which show no signs of abating, markets remain nervous and remain elevated.Today marks the first country in the G7 to remove coal from its generation stack as the UK closes its last coal fired generation plant. Just over a decade…

DAILY MARKET REPORT – 27/09/2024Yesterdays session was looking softer until a turn in the afternoon which saw another rising session towards the end of the day.Several news items seem to have unnerved the market including the UK announcing it is now sanctioning Russian LNG as well as further concerns surrounding…

DAILY MARKET REPORT – 26/09/2024A revision of some colder temperatures to be expected in the first half of October may have injected some further concern into yesterdays session as we saw a rise once again – continuing the up-down circle we’ve seen of late.Wider concerns surrounding continued escalation in the…

DAILY MARKET REPORT – 25/09/2024The yo-yo of up and downward sessions continues as yesterday saw a softer session to unwind some of the gains seen on Monday.Various news being reacted to, mostly cantered around weather conditions in the Gulf of Mexico, and escalations of tensions in the Middle East and…

DAILY MARKET REPORT – 24/09/2024A further uptick seen yesterday as markets continued to unwind the losses seen on Thursday and get the week off to a bullish start.We edge closer to the end of summer delivery and closure of the Q4 and Winter delivery contracts in the coming days and…

DAILY MARKET REPORT – 23/09/2024Markets rose again on Friday as the news seen on Thursday afternoon relating to a deal to replace Russian gas through Ukraine with Azerbaijan gas at the end of the year failed to be confirmed by official sources.That remains the case and so markets have returned…

DAILY MARKET REPORT – 20/09/2024A sizeable downward move was seen in yesterdays session as news broke that Ukraine had secured a deal to transit gas to Europe from Azerbaijan in replacement of the Russian gas it currently transits, which expires at the end of the year.That news was later refused…

DAILY MARKET REPORT – 19/09/2024Tiny movements seen in yesterdays session as the market tries to work out in which direction it wants to go next after a few up and down days in recent sessions.As said for some time now, the underlying outlook remains unchanged but geopolitical tensions can change…

DAILY MARKET REPORT – 18/09/2024An uptick to undo the losses seen on Monday and get back to the end of last week levels as Russia attacked energy infrastructure in Ukraine – once again injecting some nervousness into the markets.As said for some time now, the underlying fundamentals look positive with…