Latest Market Updates

DAILY MARKET REPORT – 18/11/2024Panic stations everyone! That was the state of the market in the final hours of last week as Gazprom reacted to OMVs intent to take action in recovering the €230m it was awarded.Gazprom declared it would not deliver gas to Austria with immediate effect. The market…

As the calculation period for the Price Cap, effective 1st January 2025, has now closed, we take a look at what to expect to be formally announced. As we have advised for some weeks, the wholesale markets have been volatile this period and this will impact the early forecasts of…

DAILY MARKET REPORT – 15/11/2024Whilst flows from Russia towards Europe through Ukraine are due to stop at the end of the year, the fear of that gas stopping earlier than planned worried the market considerably yesterday as it pushed to yet new highs.As a result of OMV winning an…

DAILY MARKET REPORT – 14/11/2024A small sigh of relief seen in yesterdays session as prices didn’t rise any further and showed a small downside to the previous days settlement.Slovakia confirmed that it has signed what it referred to as a ‘short term pilot’ deal to receive gas from Azerbaijan to…

DAILY MARKET REPORT – 13/11/2024Markets continued to push higher still yesterday.Revised temperature forecasts for the week ahead show colder days to be expected in the coming week which will push heating demand. As gas is still making up the main input to power generation, this is also pushing power prices with…

DAILY MARKET REPORT – 12/11/2024Prices pushed higher still, reaching impressive levels not seen for some time, in yesterdays session to get the week underway. This follows Hurricane Rafael in the Gulf of Mexico which has halted plenty of oil and gas production in the area in recent daysThat said, the TTF…

DAILY MARKET REPORT – 11/11/2024The end of last week saw gas prices push even higher to hold at their highest levels seen for some time.Revised colder temperature forecasts for the weeks ahead, now showing below seasonal normal levels for the remainder of the year, will have helped the bulls keep…

DAILY MARKET REPORT – 08/11/2024Energy markets saw an uptick again in yesterdays session as colder temperatures are expected to creep in over the coming days which will start to draw in heating demand.All eyes still remain on what changes President Elect Trump will make, or start discussing making, on policies…

DAILY MARKET REPORT – 07/11/2024The markets in general (even wider than energy) appeared to like the US election result as it was confirmed that Donald Trump would serve as the US President for a second time.Energy markets saw a small decline, but was hardly noticeable by the end of the…