Latest Market Updates

DAILY MARKET REPORT – 12/07/2024A slight uptick, unwinding previous days losses, was seen in yesterdays session as the market continues to just bobble along a flat-ish trajectory.EU gas storage ticks above the 80% marker. The EU rules state this must hit 90% by November, so this looks to be well with…

DAILY MARKET REPORT – 11/07/2024Prices continued to show a soft side in yesterdays session, after several weeks of creeping upwards, although the movements are generally small.Yesterday saw the TTF Front Month contract settle at €30.78 (from €31.34) and the NBP Front Month contract at 71.21p (from 72.79p).Visund remains on unplanned…

DAILY MARKET REPORT – 10/07/2024A continued downward movement seen in yesterdays session as prices pull back from recently seen highs.Temperature outlooks remain largely unchanged with cooler temperatures over the coming days before rising into next week for the remainder of July and into August.Storage levels get close to the 80%…

DAILY MARKET REPORT – 09/07/2024A softer start to the week, as the front contracts dipped a bit more than the curve in yesterdays session.No real change to the outlook with temperatures expected to dip before rising again over the coming days.In the US, the energy industry is checking the impact…

DAILY MARKET REPORT – 08/07/2024A flat end to the week as contracts stay close to where they were on the previous days session as the US celebrated Independence Day and the UK welcomed a new government last week.Temperatures are expected to dip later this week before returning to just above…

DAILY MARKET REPORT – 04/07/2024A downward movement seen in yesterdays session, although still moving in small measures in either direction and continues to hold around price levels enjoyed now for many weeks.Spot UK power prices, once again on a week day rather than a weekend, hitting lows with negative periods…

DAILY MARKET REPORT – 03/07/2024A fairly flat session seen yesterday, with a slight uptick on some contracts but nothing notable.Temperature forecasts maintain an unchanged outlook with cooler temperatures for the coming days before getting back to and holding above seasonal normal for the rest of the month and into August.Yesterday…

DAILY MARKET REPORT – 02/07/2024A softish start to the week as prices came off slightly in places.Cooler temperatures are expected this week, although expected to rise again into next week.EU gas storage levels remain strong, now over three-quarters full. Visund is still suffering around 50% of it’s capacity being available. This is…

DAILY MARKET REPORT – 01/07/2024Welcome along to July.Fridays session was fairly flat in the end with not much movement seen across any of the contracts.Cooler weather is expected this week (being below seasonal normal) after seeing some high temperatures of late, although they are expected to be above seasonal normal…