Latest Market Updates

DAILY MARKET REPORT – 10/09/2024The uptick continued to get this week underway in yesterdays session as cooler temperatures combined with low ongoing Norwegian output put some upside pressure to prices, albeit staying rangebound for recent weeks.The UK power spot price, hovering close to £90 for the month so far, saw…

DAILY MARKET REPORT – 09/09/2024A small uptick to end the week seen in Fridays session.Some cooler temperatures expected to start this week off, lower renewables output in recent days together with continued Norwegian planned maintenance – as well as an unexpected outage – may add some further concerns to get…

DAILY MARKET REPORT – 06/09/2024A slight increase in prices seen in yesterdays session, following a series of decreases in previous sessions.No change to the outlook across the board.Yesterday Russian President Putin commented that he hoped gas transit would continue towards through Ukraine post the end of year transit contract expiry,…

DAILY MARKET REPORT – 05/09/2024A bearish midweek session seen yesterday as the premium continues to erode from the highs seen in recent weeks.A short cooler spell is expected next week, otherwise temperatures are forecast to remain at or just above seasonal for the coming weeks. No change to the fundamentals otherwise.Yesterday…

DAILY MARKET REPORT – 04/09/2024A continuation of bearishness seen in yesterdays session as prices fell across the board after rising for much of late August.Despite lower Norwegian output, gas stocks are now squeezing the last molecules in readiness for winter and LNG deliveries remain stable for the weeks ahead. Tensions in…

DAILY MARKET REPORT – 03/09/2024A soft start to the week despite Norwegian gas output dropping due to planned maintenance, which sees around almost half of the usual flow level offline.Temperatures are expected to stay in line with seasonal normal levels for the weeks ahead, which are now naturally declining as…

DAILY MARKET REPORT – 02/09/2024Welcome along to September, the final delivery month of the summer.Last week saw prices rise towards the end of the week as activity on the Ukraine-Russia border intensified – especially as it appeared to be focussed on energy infrastructure.That will continue to inject nervousness into the…

DAILY MARKET REPORT – 30/08/2024Another flat session yesterday as we look to close out August we have a new front month contract to observe (being October delivery) – which starts relatively flat to where September delivery pricing closed.A further decline in Norwegian output as those planned outages start to take…

DAILY MARKET REPORT – 29/08/2024A relatively flat session seen yesterday, with some small movements in either direction across the curve.Norwegian output is lower today compared to yesterday as planned maintenance begins to take hold, expected to continue throughout much of September ahead of the winter delivery period.Yesterday saw the TTF…