Latest Market Updates

DAILY MARKET REPORT – 31/07/2023 Markets continued the downward trend to end the week, and the month, as September now becomes the new front month and edging us closer to the upcoming winter delivery contracts. EU gas storage levels now pass the 85% marker, which should continue to provide some…

DAILY MARKET REPORT – 28/07/2023 A continuation of the downward trend was seen yesterday following a couple of bullish sessions earlier in the week as we head towards the final days of trading the August contract. Yesterday saw the TTF August contract settle at €28.43 (from €29.28) and the NBP…

DAILY MARKET REPORT – 27/07/2023 A pullback in yesterdays session to show the downtrend continuing once again, unwinding the previous days gains. The small uptick in recent sessions appears enough to have attracted some LNG interest to the UK and we now expect two cargoes in the coming weeks after…

DAILY MARKET REPORT – 26/07/2023 Concerns around potential Norwegian outages in the weeks ahead and a lack of LNG heading towards Europe continue and have pushed the market upwards in yesterdays session. Yesterday saw the TTF August contract settle at €32.65 (from €30.56) and the NBP August contract at 81.39p…

DAILY MARKET REPORT – 25/07/2023 A rise in the prompt contracts yesterday, but less movement along the curve as we head to the final days of the month ahead contract. The August contract still has some level of fear in relation to potential issues with possible Norwegian outages with little…

DAILY MARKET REPORT – 24/07/2023 A fairly flat session to end the week. Norwegian flows looking strong once again but still subject to unplanned outages as seen quite often recently, which could cause short term concern in the market. Meanwhile storage levels are well into the 80% range now which will…

DAILY MARKET REPORT – 21/07/2023 Prices continue to show a small upside towards the end of the week. Whilst largely expected to be temporary, perhaps due to additional gas demand to generate more electricity for the continent as Spain puts all of its gas fired generation online to help manage…

DAILY MARKET REPORT – 20/07/2023 No significant change to markets yesterday come the close, although UK gas markets moving more than its TTF counterpart. Prices continue to stay rangebound, as they have done for a while now, as they test further potential downward pressure largely expected to continue. Yesterday saw…

DAILY MARKET REPORT – 19/07/2023 Markets took a breather yesterday after a prolonged downward trend in recent weeks, and ticked up in a bullish session. No real change to the overall outlook however with strong flow levels from Norway and EU gas storage now well in to the 80% zone…