Latest Market Updates

DAILY MARKET REPORT – 19/05/2025Another session of little movement seen on Friday to end a week of little action throughout.Early in the week the anticipation of face to face talks between Russia and Ukraine on Thursday likely pushed the ‘let’s see what happens there’ agenda, but President Putin was not…

As we usually do, once the calculation period closes, we publish our prediction for the upcoming domestic price cap. The next one being effective 1st July 2025. Ofgem will shortly be announcing the final values. Our prediction is that the current value (effective 1st April 2025) of £1,849 will…

DAILY MARKET REPORT – 16/05/2025No real movement seen from yesterdays session as it was confirmed President Putin would not be in attendance at the peace talks with Ukraine.This does seem to have frustrated expected progress from earlier in the week when the idea of a face-to-face meeting was suggested, by…

DAILY MARKET REPORT – 15/05/2025A small downward movement seen in yesterdays session, unwinding the gains seen in the previous one.The US President has been on tour in the Middle East and securing trade deals with Saudi Arabia and Qatar.Today also sees face to face discussions between Russia and Ukraine, however…

DAILY MARKET REPORT – 14/05/2025More small upward movement seen in yesterdays session, continuing the bullish trend of the last couple of days.No real change to fundamentals, but perhaps the consideration around the potential change in Russian gas to Europe – expected to be banned in stages later this year and…

DAILY MARKET REPORT – 13/05/2025An upward start to the week, as Fridays losses were quickly retraced in yesterdays session.This was despite news of direct talks between Russia and Ukraine, at the highest possible level, later this week and the US announcing agreed tariffs with China who set levels on each…

DAILY MARKET REPORT – 12/05/2025A small downward movement to end the week seen in Fridays session, following both up and down days across the earlier sessions.Over the weekend it seems some progress may have been made with in person talks expected between Russia and Ukraine on Thursday. It is not clear…

DAILY MARKET REPORT – 09/05/2025An uptick seen in yesterdays session as the market takes consideration of the phase out of Russian gas in Europe over the coming years and the impact of the flexible gas refilling targets for the upcoming winter.However, it is also rumoured that the US and Russia…

DAILY MARKET REPORT – 08/05/2025A small downward move seen come the end of yesterdays session with markets trying to decipher what impact escalation between India and Pakistan may cause.The European Commissions plans to phase out Russian gas in the coming years was publicly rejected by Slovakia and Hungary, perhaps…