Latest Market Updates

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…

DAILY MARKET REPORT – 18/04/2023 Yet another ‘non moving’ day in the markets yesterday as the session closed almost exactly level to the previous settlement across the board. The latest long term (and constantly changing) temperature forecast now shows a dip below seasonal normal to be expected later this week,…

DAILY MARKET REPORT – 17/04/2023 Markets ended the week on a calm note, holding very much level to the previous days sessions. Finland started regular output from Europes largest nuclear power plant at the weekend after 18 years since it began construction in 2005 and is expected to produce around…

DAILY MARKET REPORT – 14/04/2023 A continuation of a calm market yesterday – in stark contrast to the extreme volatility the markets were in around this time last year. The latest long term temperature forecasts show May to be at seasonal normal, however the near term picture has changed slightly…

DAILY MARKET REPORT – 13/04/2023 A fairly level day in the markets yesterday as contracts hold position close to key levels seen commonly for the past few weeks now. There’s little change in the current outlook generally, with gas storage now into injection mode for the summer and a steady…

DAILY MARKET REPORT – 12/04/2023 A slight uptick in near term contracts yesterday, with slightly greater increases on the longer term contracts seen in yesterdays session. Ongoing French strikes continue to disrupt the country, including the maintenance plans for the nuclear fleet. Despite the loss of Russian gas this year,…