Market Insight

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…

DAILY MARKET REPORT – 07/05/2025A further upwards push seen in yesterdays session as the European Commission confirms its plans to ban all Russian gas in Europe by the end of 2027, including ending spot deals later this year.Plenty of Russian gas still finds its way into Europe and it this…

DAILY MARKET REPORT – 06/05/2025A push upwards to end the week was seen in Fridays session as the price differential between Asia and Europe attracted some LNG cargoes to be diverted away from European destinations in favour of Asia – the result pulling European prices upwards.Over the weekend it was…

DAILY MARKET REPORT – 02/05/2025A fairly quiet session yesterday, unwinding the small uptick from the previous, and price levels holding station overall.With limited news stories, and no change in fundamentals, the market seems comfortable to hold these levels.A small dip in temperatures is expected early next week before remaining close…

DAILY MARKET REPORT – 01/05/2025Welcome along to May.A small uptick seen in yesterdays session, albeit hardly noticeable, as underlying fundamentals remain unchanged and President Trump hasn’t said too much this week to cause a directional move as we’ve seen plenty of in his first 100 days in office.Last night however…

DAILY MARKET REPORT – 30/04/2025A fairly calm day once again seen yesterday as the front month contracts came to a close with a small further loss come the end of the session and today we have a new front month contract quoted.With no change in the underlying fundamentals, eyes will…

DAILY MARKET REPORT – 29/04/2025Capturing the mainstream media headlines yesterday was of course the power outage causing chaos across Spain and Portugal – seemingly caused by a rare atmospheric phenomenon.Markets were otherwise sitting relatively calm overall, despite a small downward move early in the session later retraced, to stay very…

DAILY MARKET REPORT – 28/04/2025We’re back. Note that the prices in brackets in todays reports are referencing our last daily report before our break.So what have we missed? Prices have come off a little further over the past week although mostly late in the week as technical levels were tested and succeeded.The…