Market Insight

DAILY MARKET REPORT – 25/04/2024A small uptick seen in yesterdays session.In the days ahead we will still endure some colder temperatures and Nyhamna is undergoing a few days of planned maintenance which has dented the usual strong flow from Norway into Europe, stagnating the gas injections into storage.Yesterday saw the…

DAILY MARKET REPORT – 24/04/2024Another bearish session seen yesterday as the market continues to hold steady in this price zone after a bullish week last week.Temperatures are still expected to be lower than seasonal normal for the remaining days of the month before they get and stick close to seasonal…

DAILY MARKET REPORT – 23/04/2024A bearish session to kick the week off after a series of series of bullish ones last week.Whilst the market has seen a bit of a rise and fall in recent weeks, it remains in its holding pattern for now with global news events still taking…

DAILY MARKET REPORT – 22/04/2024After a series of upward sessions early last week, Friday saw an unwinding of much of those gains to put us back close to where the week started with a downward session to end the week.Temperature outlooks still remain below seasonal normal for the final week…

DAILY MARKET REPORT – 19/04/2024A move back upwards again seen in yesterdays session.Temperature outlooks remain largely unchanged, apart from a slight dip in the coming days to be expected against the previous forecast.After a quiet few weeks the Nord Stream AG saga continues with insurers stating that the pipeline…

DAILY MARKET REPORT – 18/04/2024A pullback seen in yesterdays session, unwinding the gains seen from Monday.The UK Winter gas contract getting close to £1/therm, now back down toward the low 90p area – reminding us just how nervous the market still is and how quickly the it can still move…

DAILY MARKET REPORT – 17/04/2024Up across the board yesterday as several Norwegian assets reduce output and temperatures are set to stay below seasonal normal for the next couple of weeks.The UK Winter gas contract is notably now touching the £1 level, having been just 80p just a couple of weeks…

DAILY MARKET REPORT – 16/04/2024A further upward movement to get the week underway as unplanned outages in Norway dent the markets confidence which has seen spot gas prices rise as a result.Those outages continue this morning with a second outage so this may push some further upside until those are…

DAILY MARKET REPORT – 15/04/2024 A further uptick in the market seen to end the week in Fridays session as nerves were clearly put to the test following the developments on Thursday. Over the weekend further escalation in the Middle East will be adding pressure to the markets nerve this…