Latest Market Updates

DAILY MARKET REPORT – 21/08/2024The market took breath yesterday as prices fell after rising and holding for the past few weeks as tensions grew in both the Middle East and on the Ukraine-Russia border.With talks of a ceasefire seeming to make some progress in the Middle East, and no sizeable…

DAILY MARKET REPORT – 20/08/2024A calm start to the week with a fairly flat session seen yesterday.No change to the outlook as EU gas storage levels now touch the 90% level required by November, whilst escalations in the Middle East and on the Ukraine-Russia border continue.It is expected that the…

DAILY MARKET REPORT – 19/08/2024A fairly level end to the week seen in Fridays session.Over the weekend activity continued on the Ukraine-Russia border, close to key energy infrastructure, which will retain some level of concern.Russia have formally complained to Germany and other Western countries about the investigation into the…

DAILY MARKET REPORT – 16/08/2024A slight uptick seen in yesterdays session, unwinding the losses seen from Wednesday.Continued escalations around the Ukraine-Russia border will be injecting some concerns, although they have been around for some time now, but markets will continue to react to any news as it holds an underlying…

DAILY MARKET REPORT – 15/08/2024Another calm session seen yesterday as the market seems to have run out of steam following its upwards rally last week.EU gas stocks are now approaching the key 90% level, which it must reach by the end of October each year.Yesterday saw the TTF Front Month…

DAILY MARKET REPORT – 14/08/2024Another calm session seen yesterday, despite conflicts around key gas infrastructure continuing around the Ukraine-Russia border.After many months of silence, and almost two years after the event, German investigative authorities have released an arrest warrant for a Ukrainian diving instructor believed to have been involved in…

With just days left of the ‘observation period’ and a week before Ofgem formally announce, we can already predict what to expect from the upcoming Price Cap, effective 1st October 2024. Later this month Ofgem will confirm the final number, but as it stands it is likely to head back…

DAILY MARKET REPORT – 13/08/2024A mixed session yesterday which saw markets rise quite aggressively at one point before retreating towards the end of the day as continuation of recent concerns continued to play out.The market is now preparing itself for gas flow from Russia via Ukraine to stop at some…

DAILY MARKET REPORT – 12/08/2024A small uptick in prices seen in Fridays session to end the week after a week of rises following growing concerns around escalations in the Middle East and also around the Ukraine/Russia border. This activity may continue for the foreseeable.Warmer weather expected to start this week, before…