Latest Market Updates

DAILY MARKET REPORT – 21/11/2024Despite the cold temperature forecasts passing after the coming days and plenty of LNG being sent towards Europe, markets remain high and unwound their previous days losses to put us back where we were again.From January, the German gas storage surcharge will increase by 20%.  This…

DAILY MARKET REPORT – 20/11/2024A softer session seen yesterday after hitting peaks in recent days.Colder weather now upon us, especially in the UK where snowfall has even landed in parts, however the latest forecasts suggest this will pass and return close to seasonal normal levels in the coming days.The recent…

DAILY MARKET REPORT – 19/11/2024After a soft start to the day, yesterday ended upwards as cold weather landed.As prices has spiked in Europe, this has attracted plenty of LNG cargoes to head in this direction.  In the UK we are now expecting 8 cargoes over the coming weeks – the…

DAILY MARKET REPORT – 18/11/2024Panic stations everyone! That was the state of the market in the final hours of last week as Gazprom reacted to OMVs intent to take action in recovering the €230m it was awarded.Gazprom declared it would not deliver gas to Austria with immediate effect. The market…

As the calculation period for the Price Cap, effective 1st January 2025, has now closed, we take a look at what to expect to be formally announced. As we have advised for some weeks, the wholesale markets have been volatile this period and this will impact the early forecasts of…

DAILY MARKET REPORT – 15/11/2024Whilst flows from Russia towards Europe through Ukraine are due to stop at the end of the year, the fear of that gas stopping earlier than planned worried the market considerably yesterday as it pushed to yet new highs.As a result of OMV winning an…

DAILY MARKET REPORT – 14/11/2024A small sigh of relief seen in yesterdays session as prices didn’t rise any further and showed a small downside to the previous days settlement.Slovakia confirmed that it has signed what it referred to as a ‘short term pilot’ deal to receive gas from Azerbaijan to…

DAILY MARKET REPORT – 13/11/2024Markets continued to push higher still yesterday.Revised temperature forecasts for the week ahead show colder days to be expected in the coming week which will push heating demand. As gas is still making up the main input to power generation, this is also pushing power prices with…

DAILY MARKET REPORT – 12/11/2024Prices pushed higher still, reaching impressive levels not seen for some time, in yesterdays session to get the week underway. This follows Hurricane Rafael in the Gulf of Mexico which has halted plenty of oil and gas production in the area in recent daysThat said, the TTF…