Market Insight

DAILY MARKET REPORT – 26/07/2024Yesterdays session almost completely unwound the previous days gains as markets retain comfort to hold around this level – moving slightly up or down between sessions.Gassco AS updated the prolonged outage for Visund yesterday to show it will likely continue until the end of the…

DAILY MARKET REPORT – 25/07/2024After a few softer days, the market took a turn to unwind some of those losses in yesterdays session.Driven, in part, by news of prolonged maintenance across the Norwegian assets, as well as an unplanned outage in the UK at Teesside CATS.Yesterday saw the TTF Front…

DAILY MARKET REPORT – 24/07/2024A small further discount seen across the board in yesterdays session.The market continues to hold station around this level, as it has done for many weeks now, with small movements in either direction over a period of time.No change in outlook for the time being –…

DAILY MARKET REPORT – 23/07/2024A continuation of Fridays downward movement was seen yesterday to get the week underway, albeit small movements.Freeport LNG, halted due to the hurricane, has now restarted as planned.Yesterday saw the TTF Front Month contract settle at €31.84 (from €32.17) and the NBP Front Month contract…

DAILY MARKET REPORT – 22/07/2024A global IT outage on Friday saw issues across the world in accessing systems and data for many hours. Once things started to come back to normal later in the day, we saw energy markets continue their trend of late and retreat slightly from the previous days…

DAILY MARKET REPORT – 19/07/2024An ‘as you were’ session yesterday as the losses seen from Wednesday were injected back.The market still continuing to hold station around these levels.Yesterday saw the TTF Front Month contract settle at €32.67 (from €31.89) and the NBP Front Month contract at 76.04p (from 73.77p).No unplanned…

DAILY MARKET REPORT – 18/07/2024A soft session seen yesterday as the gains seen on Tuesday were all but eroded, as the market continues to hold station at these levels – pushing a bit upwards or downwards between days.German gas storage reporting appears to hold errors, showing one site almost empty,…

DAILY MARKET REPORT – 17/07/2024A more aggressive upward movement seen in yesterdays session after a few smaller movements in either direction in recent days.Prices continue to stay in the zone they’ve been in for some time now.Temperatures are expected to rise in the coming days before settling once again.Yesterday saw…

DAILY MARKET REPORT – 16/07/2024A soft start to the week, unwinding the small rise seen on Friday to put us back where we were.Freeport LNG is expected to restart in the coming days, after being offline due to the hurricane, as LNG towards the UK and Europe takes a…