Latest Market Updates

DAILY MARKET REPORT – 02/05/2023 A calm day to end the month, ahead of a long weekend, on Friday. Markets continue to hold in a steady state, slowly creeping downwards as confidence grows in the supply-demand mix for the future. Friday saw the TTF June contract settle at €38.83 (from €39.20)…

DAILY MARKET REPORT – 28/04/2023 A mixed bag yesterday which resulted in a slight uptick in prices by the close as the May delivery contract came to a close on most markets. Today we see a new front month contract take position. Norway have announced they will take ownership of all…

DAILY MARKET REPORT – 27/04/2023 A bearish move at the front in yesterdays session as we get closer to closing out the May contract, with the rest of the curve holding steady. Russia has declared by a decree that it would look to seize Western assets in the country in…

DAILY MARKET REPORT – 26/04/2023 Markets continue to hold at key levels and not much movement seen in yesterdays session. The Dutch government have confirmed production at Groningen, one of the largest gas fields in Europe, will cease no later than 2024 after years of the area suffering earthquakes. It will…

DAILY MARKET REPORT – 25/04/2023 Markets continue to hold at key levels and not much movement seen in yesterdays session. The final few days of the month before we see a change of front month contract. Storage sites across Europe are now reporting daily increases in stock levels which now approaches…

DAILY MARKET REPORT – 24/04/2023 A calm week enjoyed last week as we head towards the end of April. Flows are lower this morning from Norway into European hubs despite two planned outages last week coming to an end. This is due to planned maintenance on some of the larger assets…

DAILY MARKET REPORT – 21/04/2023 A flat day yesterday as no significant news of late continues to keep the market in a relatively stable holding patten. The Danish Energy Agency yesterday lifted the ban around the location of the Nord Stream AG blasts, which had until now prevented vessels getting near to…

DAILY MARKET REPORT – 20/04/2023 A bearish session yesterday with a small dip in prices across the board. Germany passed a new law yesterday that pushes their transition away from oil and gas heating systems for households and instead all new installations to be at least 65% renewables fuelled from…

DAILY MARKET REPORT – 19/04/2023 With the markets now finding a new area of holding pattern, typically around £1/therm for the front month, £1.50/therm for Winter on the UK Gas Market (£100/£150 for UK Power and €40/€55 for TTF Gas), the daily movements in either direction of late have been…