Market Insight

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…

DAILY MARKET REPORT – 28/08/2024Some further uptick seen in yesterdays session as we look to close out the final days of August with planned maintenance due on several Norwegian assets next month.Yesterday saw the TTF Front Month contract settle at €38.69 (from €37.66) and the NBP Front Month contract at…

DAILY MARKET REPORT – 27/08/2024A slight uptick to end the week seen in Fridays session before an extended weekend thanks to the UK Bank Holiday.Escalations continue to rumble both in the Middle East and on the Ukraine-Russia border in  recent days, which will continue to inject some nervousness into the…

DAILY MARKET REPORT – 23/08/2024Further small downside seen in yesterdays session as the market continues to see little change in developments further afield that have caused concern in recent weeks, allowing some of the risk premium to be removed. It does however retain that underlying nervousness and could still react to…

DAILY MARKET REPORT – 22/08/2024Further downside seen in yesterdays session as the panic injected into markets over recent weeks continues to subside.Warmer temperatures at the end of the month, and into September, are expected alongside those fundamental comforts mentioned in our reports of recent days may help continue the trend…