Latest Market Updates

DAILY MARKET REPORT – 16/05/2023 A bearish session to get the week underway, with the curve contracts attracting the most movement with the TTF winter contract now below €50. Yesterday saw the TTF June contract settle at €32.31 (from €32.77) and the NBP June contract at 74.45p (from 75.93p). Norne…

DAILY MARKET REPORT – 15/05/2023 A bearish end to the week saw prices hit long term lows, particularly at the front of the curve where June contracts dipped more strongly. Not much to report in wider news, with everything looking to remain the same in terms of temperature and supply…

DAILY MARKET REPORT – 12/05/2023 A level market yesterday with very tiny movements seen across the board. The latest long term temperature forecasts show to expect a warmer than average June, which may help limit prices for the coming weeks provided electricity generation from gas remains limited and excess can…

DAILY MARKET REPORT – 11/05/2023 A soft market at the prompt helped the front month push towards new lows not seen for some time, with the curve holding stable. The EUs first joint gas buying request was made yesterday with 77 companies subscribing to 11.6 bcm of gas, of which…

DAILY MARKET REPORT – 10/05/2023 A fairly sideways movement across the board in yesterdays session as we appear to have found a level of comfort for the time being. Temperature forecasts for the weeks ahead together with relative strong flows of gas are encouraging and enables storage injection to maintain…

DAILY MARKET REPORT – 09/05/2023 A slight uptick in prices to end the week ahead of the extended bank holiday weekend. Temperatures are expected to stay elevated for the weeks ahead according to the latest long term forecasts. Friday saw the TTF June contract settle at €36.87 (from €35.65) and…

Rising prices resulted in the collapse of about 30 energy suppliers in the UK from 2021 on, and led to the Government paying billions of pounds in taxpayer support. A surge in the price of wholesale gas was also a key driver in the cost-of-living crisis, helping push inflation into…

DAILY MARKET REPORT – 05/05/2023 No change to the norm again in yesterdays session with a calm and bearish session. Yesterday saw the TTF June contract settle at €35.65 (from €36.78) and the NBP June contract at 80.51p (from 83.60p). No unplanned outage this morning and we see a flow…

DAILY MARKET REPORT – 04/05/2023 A continuation of a relaxed market, particularly on the prompt where prices will help with storage refill for the weeks and months ahead. It was a day of profit reporting for many over the last 24 hours with Danish trader Danske Commodities reporting a near ten-fold…