Latest Market Updates

DAILY MARKET REPORT – 05/11/2024Yesterday saw the start of the week unwind the losses enjoyed on Friday as official confirmation of any new transit deal failed to materialise and no capacity being booked to flow Russian gas past the current deals expiry at the end of the year put us…

DAILY MARKET REPORT – 04/11/2024Whilst the market held on to the positive news surrounding a deal to flow Azeri gas through Ukraine when the Russian transit deal ends at the end of the year in Fridays session, it remains unclear as to whether a deal is actually agreed or not…

DAILY MARKET REPORT – 01/11/2024Welcome along to November – and it’s an exciting start already.A rather uneventful day until towards the close when, once again, unconfirmed reports of a potential transit deal to bring an alternative supply of gas into Ukraine when the Russian flow expires at the end of…

DAILY MARKET REPORT – 31/10/2024A decrease in price levels seen yesterday as potentially some profit taking at these levels takes place and relaxes the market a little.Temperature forecasts for the coming days are above seasonal normal, which has changed significantly in recent weeks a number of times. Gas storage now starts…

DAILY MARKET REPORT – 30/10/2024A fairly flat day seen in yesterdays session with little movement across the curve.Prices therefore continuing to hold at these levels for now whilst we approach the end of October, the first delivery month of the winter season, and head towards November which has seen some…

DAILY MARKET REPORT – 29/10/2024Markets unwound the gains seen late last week after retaliatory strikes by Israel on Iran avoided energy infrastructure – receding some of the premium gained in recent sessions.Markets however remain considerably nervous and hold considerable premium. Cooler temperature forecasts for the coming days also appear to have…

DAILY MARKET REPORT – 28/10/2024Markets closed at their highest levels seen for some time on Friday as colder forecasts for early November and continued concerns around activities in the Middle East pushed the premium higher still.Below seasonal normal temperatures are expected in the coming days may see the start of…

DAILY MARKET REPORT – 25/10/2024The market remains firm as it tackles with the continued concerns around escalations in the Middle East and also those on the Ukraine-Russia border. Those have been around for some time now, but show no signs of abating as the colder temperature forecasts start to creep in.All…

DAILY MARKET REPORT – 24/10/2024A further upward movement seen yesterday as the market now pushes the front season (Summer 2025) contract to those key levels of £1 and €40 for UK and EU gas respectively.Yesterday saw the TTF Front Month contract settle at €41.38 (from €40.70) and the NBP Front…