Market Insight

DAILY MARKET REPORT – 13/02/2024 The bearish sentiment continued in yesterdays session to get the week underway to push contracts to new lows not seen for some time. The latest long-term view of temperatures shows a warm period for the next 10 days or so, before dipping below seasonal normal…

DAILY MARKET REPORT – 12/02/2024 A bearish end to the week with some further downside in Fridays session, as the weather forecast for the weeks ahead look to improve. Temperatures for the rest of February and into March had been forecast to fall below seasonal levels around now for some…

DAILY MARKET REPORT – 09/02/2024 The calm continues, as markets held the late range with little movement in yesterdays session. This could be helped by the fact that the latest weather runs show an improved outlook with warm temperatures to the end of February followed by seasonal normal temperatures expected…

DAILY MARKET REPORT – 08/02/2024 A muted session yesterday with a small decline in prices. It was reported yesterday that the Swedish investigation into the Nord Stream AG explosions had concluded, with the evidence collected handed over to the German investigators. Denmark also have an active investigation ongoing. Yesterday saw the TTF…

DAILY MARKET REPORT – 07/02/2024 A very small upside seen in yesterdays session, but appears already eroded in first trades this morning. No change to the overall outlook with some colder temperatures on the way, and level supply outlook, despite a continued unplanned outage in Norway, including just under 70%…

DAILY MARKET REPORT – 06/02/2024 A bearish start to the week as we dip once again below some key levels. The temperature forecasts remain unchanged with some colder than normal levels expected from this weekend and will remain until well into March based on the latest forecasts. That will put some…

DAILY MARKET REPORT – 05/02/2024 A flat end to the week seen in Fridays session. This morning we see a bit of a dent in the supply levels with outages on the Norwegian fleet. This will likely cause some upside to creep into markets today with some colder weather inbound later…

DAILY MARKET REPORT – 02/02/2024 As you were … yesterdays session once again a bearish one and unwinding much of the previous days session. Some nerves clearly remaining, as to potential supply issues with some colder temperatures arriving in a week or so which are forecast to remain well into…

DAILY MARKET REPORT – 01/02/2024 Welcome along to February. Just 8 weeks or so left of winter delivery. Yesterday saw a short outage of Kollnes, which is back online this morning, prompting an upward movement in market prices. So far the Norwegian fleet hasn’t suffered too much this winter which is a…