Latest Market Updates

DAILY MARKET REPORT – 17/04/2024Up across the board yesterday as several Norwegian assets reduce output and temperatures are set to stay below seasonal normal for the next couple of weeks.The UK Winter gas contract is notably now touching the £1 level, having been just 80p just a couple of weeks…

DAILY MARKET REPORT – 16/04/2024A further upward movement to get the week underway as unplanned outages in Norway dent the markets confidence which has seen spot gas prices rise as a result.Those outages continue this morning with a second outage so this may push some further upside until those are…

DAILY MARKET REPORT – 15/04/2024 A further uptick in the market seen to end the week in Fridays session as nerves were clearly put to the test following the developments on Thursday. Over the weekend further escalation in the Middle East will be adding pressure to the markets nerve this…

DAILY MARKET REPORT – 12/04/2024 An uptick seen in the session yesterday as Russian attacks on Ukraine energy infrastructure together with the European Parliament approving the ban of Russian LNG test the markets nerve as to how comfortable it feels. Yesterday saw the TTF Front Month contract settle at €29.38…

DAILY MARKET REPORT – 11/04/2024 A further small downward movement seen in yesterdays session on near term contracts, although overall appeared rather muted across the board. The pattern continues to hold around these levels, as it has done in recent weeks. Yesterday saw the TTF Front Month contract settle at…

DAILY MARKET REPORT – 10/04/2024 A small downward movement seen in yesterdays session as the holding pattern seen of late continues. The latest long term weather runs show above seasonal normal levels this week, quickly followed by a few colder days into next week before holding around or just below…

DAILY MARKET REPORT – 09/04/2024 A market uptick once again seen in yesterdays session as supply was constricted yesterday and Asgard continues to suffer process issues for another day today. Prices however remain within a band the market now seems somewhat comfortable with in recent weeks, with weekly upward and…

DAILY MARKET REPORT – 08/04/2024 A slight further uptick to end the week seen in Fridays session. Windy weather over the weekend helped push spot electricity prices to low levels, mostly around zero. A lower gas supply nomination in place across the board this morning. With warmer temperatures expected this week…

DAILY MARKET REPORT – 05/04/2024 A bounce upwards to undo the losses of the previous days session seen yesterday, as the market continues to hold pattern. Brent Crude breaks into the $90 range for the first time in around six months as tensions heighten in the Middle East. A heightened…