Latest Market Updates

Markets regained the losses from Friday in yesterdays session to start the week off in bullish fashion. The latest long-term weather shows a dip in temperatures to be expected later this week before returning to seasonal normal until late February. Again no ‘cold snap’ seems to be expected which will likely…

Markets enjoyed another bearish session yesterday wiping out the gains seen in the previous session to put us back very closely to Mondays close. On Friday ACER, the EU energy regulator, will start to publish its LNG price index which forms part of the European plan to separate LNG prices…

Tony Jordan, of energy consultancy Auxilione, warned that wholesale prices could still potentially shoot up again in the coming months because of disruption, for instance if demand for liquefied natural gas (LNG) spikes from China or if there are more cold snaps.  He said refilling European gas storage tanks without…

Markets have been rather buoyant this week, holding steady with relatively small up/down movements each day. Yesterday the IFA1 power interconnector with France suffered a morning outage and a second one late afternoon. Meanwhile Russia have voiced concern over Swedens lack of engagement with them over the investigation into the …

A relatively muted day in the market yesterday whilst the EU met to have further discussions on a potential price cap. Probably as expected it ended yet again without agreement and further talks are expected to take place next Monday. Yesterday saw the TTF January contract settle at €137.53 (from…

A turn in direction in yesterdays session as most contracts showed an upwards trend. In responding to Canadas announcement on updated sanctions to Nord Stream 1 repairs, Russia commented it still had not seen the results of any investigation on the pipeline attacks from September, nor had any discussions around potential…

A continuation of the bearish momentum got the week off to a start yesterday with losses showing across the board. This came as the EU finally agreed a price cap after many weeks of discussions. This will come into play from 15th February and is set to a much lower level…

Markets continued their bearish trend yesterday, with the TTF Sum and Win 23 contracts joining the front month below the €100 marker. The German energy regulator, who has been reporting weekly progress on the energy saving targets in recent months, has continued to show this is now being missed and…

Markets continued to show downside yesterday as the TTF front month traded below €100 for the first time in a while. In a continued trend of capital being required by several energy businesses of late, Norways Equinor pumped some €3.5bn into its Danske Commodities trading business as it manages the market volatility…