Market Insight

DAILY MARKET REPORT – 08/09/2023 Talks between Chevron and union workers in Australia were found not to have reached a solution ahead of the delayed industrial action which has now started. Starting today, and continuing for a week, workers will cease work for a set number of hours each day. They have…

DAILY MARKET REPORT – 07/09/2023 Markets saw a bearish afternoon session as news relating to the planned action at Chevrons Australian LNG terminals were put back by 24 hours, signalling some progress perhaps being made in talks to avert the action entirely. Eyes will therefore be on further progress today,…

DAILY MARKET REPORT – 06/09/2023 A fairly level day as news is awaited on progress of the talks which continue to avert reduced working hours of Chevron LNG workers in Australia starting tomorrow. Yesterday saw the TTF Front Month contract settle at €34.45 (from €33.57) and the NBP Front Month contract…

DAILY MARKET REPORT – 05/09/2023 A bearish start to the week, but the market watches closely as talks between union representatives and Chevron don’t appear to be making positive progress ahead of planned action commencing this Thursday. Overnight an escalation of extended walkouts from 14th September have been proposed, indicating talks…

DAILY MARKET REPORT – 04/09/2023 A calm end to last week with prices holding steady as we prepare for an interesting week ahead. Across the UK and Europe temperatures are expected to be high whilst talks to avert industrial action, announced to commence on Thursday, at Chevron LNG terminals in Australia…

DAILY MARKET REPORT – 01/09/2023 Yesterdays session saw a bearish end to August and we head into the final weeks of the summer delivery in very different circumstances to that of just a year ago. Overnight Chevron LNG workers in Australia have rejected the offer and will stop work for a…

DAILY MARKET REPORT – 31/08/2023 Not much newsworthy to note as the September contract came to an end in yesterdays session and October takes its place, therefore adjustments need to be taken into consideration on the below reported moves between trading days. Markets remained fairly level after playing catch up…

DAILY MARKET REPORT – 30/08/2023 After falling a day behind due to the Bank Holiday, yesterday saw markets between the UK and Europe play in different directions as the UK caught up with Mondays European increase. This was on the back of dates being announced for potential industrial action in…

DAILY MARKET REPORT – 29/08/2023 Markets rose again on Friday as it seemed the Chevron workers were less likely than expected to agree to an earlier tabled offer. Over the course of the long UK weekend, dates of reduced working hours have been announced starting on 7th September. Talks continue to avert the…