Market Insight

DAILY MARKET REPORT – 08/08/2024Discussions around explosions close to energy infrastructure in Ukraine appeared to be the main driver to an upwards drive in market prices yesterday.Today we see nominations through Ukraine at lower levels that we’ve seen of late.The above, combined with ongoing underlying concerns of clashes in the…

DAILY MARKET REPORT – 07/08/2024An as you were session seen yesterday after losses seen on Monday were unwound and rose again.LNG deliveries still showing limited expectation throughout August with no cargoes expected in the UK and just 14 across the main points across Europe.Temperatures are expected to rise for a…

DAILY MARKET REPORT – 06/08/2024After plenty of bullish sentiment seen last week, this week started with an end to that momentum as a corrective move was seen with a soft start to get the week underway.Global concerns around the economy also shifted financial markets in a similar direction, and no…

DAILY MARKET REPORT – 05/08/2024A stable session seen on Friday, limiting the gains seen throughout last week.Stronger Norwegian flows seen this morning compared to recent weeks as the LNG queue once again shows no ships on the horizon heading towards the UK.Temperatures expected to hold above seasonal normal for the…

DAILY MARKET REPORT – 02/08/2024Further upside seen in yesterdays session as the market continues to hold fear around escalations in the Middle East with the underlying nervousness, which has lingered for a long time, still clearly visible.Yesterday saw the TTF Front Month contract settle at €36.97 (from €35.87) and the…

DAILY MARKET REPORT – 01/08/2024Welcome along to August.Further upwards movement seen in yesterdays session as news relating to activity in the Middle East appears to dominate the underlying concerns.After several weeks of prolonged outage, Visund returned to full service, but this morning we see another asset under reduced capacity.Yesterday saw…

DAILY MARKET REPORT – 31/07/2024More upwards movement seen yesterday as the monthly contract comes to a close and we start looking further ahead to a new front month contract.Escalations in the Middle East continue to underline some of the concern held in the market and developments over the last day…

DAILY MARKET REPORT – 30/07/2024Further upside seen in yesterdays session, pushing prices back to a recent high.The warmer weather may be pushing more gas for power generation demand which may have a knock on effect to the short queue of LNG in the coming weeks – showing that the market…

DAILY MARKET REPORT – 29/07/2024An ‘as you were’ session once again on Friday as markets rose to undo the losses seen on the previous day.Freeport LNG has recommenced exports and the Visund asset in Norway is expected return fully later this week after a prolonged outage.Markets continue to hold…