Latest Market Updates

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…

DAILY MARKET REPORT – 11/02/2025New highs were reached in yesterdays session as the front month and near term curve contracts rallied further.Colder temperature forecasts and an underlying concern around gas storage levels are driving concerns around refilling plans for next winter.Whilst many will ask how far can this really go,…

DAILY MARKET REPORT – 10/02/2025A continuation of the bullish run was seen on Friday, pushing prices once again to new highs not seen for over a year.Ukraine continue to import gas from Slovakia, Hungary, Romania and Hungary as it’s gas storage withdrawal levels slow but are now below 10%.Across the…

DAILY MARKET REPORT – 07/02/2025Further upside seen in yesterdays session as the bullish momentum continues.As mentioned yesterday it is difficult to see reasoning for a sudden fall in price levels, however we may see days of correction such as those earlier this week.Colder temperatures remain expected for the weeks ahead…

DAILY MARKET REPORT – 06/02/2025And as predicted, the downward movement was short lived and prices rose again in yesterdays session back to where they were.Whilst little is change in terms of fundamentals, it seems clear that concerns around a colder February with quickly depleting gas stocks – which are already…