Latest Market Updates

DAILY MARKET REPORT – 21/02/2025Further downward movement seen yesterday, albeit small, as the market continues to hold fundamentals in comfortable view.Temperatures for the coming days are higher than seasonal normal and expected to hold close normal for the remaining days of winter delivery in the latest forecasts – but is…

DAILY MARKET REPORT – 20/02/2025The downward momentum continued yesterday after a small bounce was seen in the previous session.Considerably warmer temperatures for the days ahead, followed by close to seasonal normal levels for the coming weeks will help alleviate any pressure on EU gas storage levels. Those levels, whilst lower than…

DAILY MARKET REPORT – 19/02/2025An upward bounce seen yesterday, but likely not caused by the ‘positive’ talks between the US and Russia who appear to both see a pathway forwards to ending the conflict in Ukraine.Talks seemed to focus on structuring high level agreements, perhaps with both sides outlining where…

DAILY MARKET REPORT – 18/02/2025Further downward movement seen yesterday, pushing the TTF front month contract below €50 once again where it has remained above since the end of January.Today sees the meeting of a face to face US and Russian delegation in Saudi Arabia to discuss the potential solutions for…

DAILY MARKET REPORT – 17/02/2025Talks of a potential deal being made between the US and Russia over the conflict in Ukraine, whilst appearing to exclude Ukraine and Europe from the discussions, appear to be giving the energy markets some confidence.The US are also becoming more aggressive with their LNG export…

As we outlined a few weeks ago, the upcoming domestic price cap effective 1st April 2025 has now finished calculating and Ofgem will shortly be announcing the final values. Our prediction is that the current value (effective 1st January 2025) of £1,738 will increase on 1st April 2025 to…

DAILY MARKET REPORT – 14/02/2025The ‘correction’ continued aggressively yesterday with around 8% fall in prices.Mixed news including a potential start of talks around ending the conflict in Ukraine and EU gas storage rules ahead of next winter looking to push some of the fear out of the market.Presidents Trump and…

DAILY MARKET REPORT – 13/02/2025A continuation of the final hour from Tuesdays session was seen early on yesterday, pushing price levels down further where they held for much of the day with some varied movement throughout the session.Warmer temperature forecasts for the week ahead will have given some comfort and…

DAILY MARKET REPORT – 12/02/2025A strange day seen yesterday with quite a wide spread between the lowest and highest prices traded over the course of the session.However come the final hour the market pushed lower.This could be because of a number of factors including Germanys gas trading hub seeking ways…