Latest Market Updates

DAILY MARKET REPORT – 26/01/2023 Markets continued their bearish direction for the third day this week in yesterdays session as the weather and supply outlook continues to give the market a level of comfort for the weeks ahead. After the DFS was activated earlier in the week by National Grid…

DAILY MARKET REPORT – 25/01/2023 A continuation of the bearish sentiment was seen across the board yesterday, pushing the levels to new lows not seen for a while to be tested. Temperatures are expected to return to seasonal normal from today and hold at or above them for the weeks…

Yesterday saw the market start the week in bearish fashion once again …. Undoing the rise seen on Friday. It was also a day of media excitement surrounding National Grid ESOs Demand Flexibility Scheme (DFS) which operated last night for real following a series of test runs late last year. It…

The first ‘aggressive’ upwards move of the year so far was seen on Friday as prices regained the losses enjoyed over the course of the week. This was mostly caused by revised downward temperature forecasts, despite EU gas storages still holding impressive levels for this time of year. So far this…

A fairly level day yesterday, starting with a small increase showing on the month ahead TTF contract at the open before discounting later in the session. A small loss at the end of the day to the previous session. The latest weather runs show the current cold spell ends in the…

A small rise across the board in yesterdays session, as the market appears to seek direction or test levels it hasn’t seen for over a year. The International Energy Agency (IEA) noted that Chinas reopening after Covid lockdown may push oil demand to new highs this year. We could also see LNG…

Energy analysts Auxilione commented that, “the lack of cold weather in the long-term forecasts, supported by a string of LNG cargoes expected in the coming weeks and EU storage levels still above 80%, are giving markets the confidence that 2023 has an opportunity to be very different to last year”.

Prices showed some upside yesterday, but not enough to rise beyond Mondays bearish session. No major news to drive the sentiment, perhaps a floor being tested in the market – which is largely expected. Europe now sits rather comfortable in its rest of winter outlook compared to the ‘what if’ scenarios…

An aggressively bearish start to the week to give us new lows not seen in some considerable time across the board. It seems the lack of cold weather in the long term forecasts, supported by a string of LNG cargoes expected in the coming weeks and EU storage levels still…