Latest Market Updates

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…

DAILY MARKET REPORT – 18/07/2023 Healthy Norwegian flows helped the market start the week continuing the downward trend, albeit it relatively small movements. Yesterday saw the TTF August contract settle at €25.10 (from €25.96) and the NBP August contract at 61.59p (from 63.39p). Aasta Hansteen on unplanned outage this morning…

DAILY MARKET REPORT – 17/07/2023 A bit of a wild session on Friday to end the week which saw the prices move up early in the session before finishing to relatively flat come the close. This was mostly seen on the prompt contracts. As Europe swelters in extreme heat, electricity prices…

DAILY MARKET REPORT – 14/07/2023 A flat day by the end of the session after a bearish start yesterday. Some revisions to the Norwegian maintenance schedule has kept some element of underlying concern in the market to remain, but these are likely to be short term whilst major assets are…

DAILY MARKET REPORT – 13/07/2023 A very bearish session yesterday, particularly on the front month, as Shell confirmed the return of Nyhamna on 15th July. The return from planned maintenance of Nyhamna was delayed last month due to ongoing issues and created short term panic in the market, with intraday spikes…