Market Insight

DAILY MARKET REPORT – 11/06/2024A bullish start to the week as markets rose across the board in yesterdays session.Problems continue on the Norwegian assets with further delays to full service from annual maintenance following on from last weeks separate issues.The market retains a nervous undertone and will react to any…

DAILY MARKET REPORT – 10/06/2024A soft ending to the week as Norwegian output increased as expected on Friday following a week long extension to some planned works after a finding a crack in a pipeline.Now that has quickly been resolved the market is once again back to where it was,…

DAILY MARKET REPORT – 07/06/2024A small uptick in yesterdays session as a return to some of the flow through Nyhamna was awaited.Nyhamna is now processing at a little over 50% of its capacity, and it is expected that will now get back to normal over the weekend. That should, for now,…

DAILY MARKET REPORT – 06/06/2024Some further downside seen yesterday following the huge increase seen earlier in the week, as it is expected the issues with the Norwegian output will shortly be resolved.The average temperature outlook still remains below seasonal normal until late next week, when it then stays above normal…

DAILY MARKET REPORT – 05/06/2024The market breathed a huge sigh of relief in yesterdays session as the gains seen in Mondays session were unwound.It is expected that the issues relating to the reduced output from Norway will be addressed by the end of the week, after initially being concerned it…

DAILY MARKET REPORT – 04/06/2024And there we have it … we’ve said for some time now that the market sits rather nervously and in a week where temperatures dip slightly below seasonal normal we have issues in the Norwegian output which has sent a shock into the market.Yesterdays session saw…

DAILY MARKET REPORT – 03/06/2024A soft end to the week after a series of upward movements seen last week.Today sees us enter a new month which starts with a sizeable dent in the Norwegian flows as Nyhamna is fully offline, removing 80mcm. Temperatures are also expected to be lower this week,…

DAILY MARKET REPORT – 31/05/2024A change in front month contracts which distort the daily comparisons as we hit the end of the month.Temperatures are expected to fall below seasonal normal next week before settling just above once again for the coming weeks.Limited LNG cargoes listed, Norwegian maintenance ongoing and returning…

DAILY MARKET REPORT – 30/05/2024No real change in price levels in yesterdays session, maintaining the status quo, as we come towards the end of the month.Process issues at Kollsness continue, albeit having a very small impact, and is expected to return to full capacity imminently.Some cooler temperatures expected early next…