Market Insight

DAILY MARKET REPORT – 19/09/2024Tiny movements seen in yesterdays session as the market tries to work out in which direction it wants to go next after a few up and down days in recent sessions.As said for some time now, the underlying outlook remains unchanged but geopolitical tensions can change…

DAILY MARKET REPORT – 18/09/2024An uptick to undo the losses seen on Monday and get back to the end of last week levels as Russia attacked energy infrastructure in Ukraine – once again injecting some nervousness into the markets.As said for some time now, the underlying fundamentals look positive with…

DAILY MARKET REPORT – 17/09/2024The bears were back in control yesterday as prices continued to fall across the board yesterday.A return to some of the Norwegian flows this morning after several weeks of planned maintenance this month will help maintain confidence, although Oseberg has a small unplanned reduction on flow…

DAILY MARKET REPORT – 16/09/2024A slight uptick seen in Fridays session to end the week after the bears tested some of the downward targets during the week.No change to the overall outlook continues as temperatures are now expected to stay close to seasonal normal levels for the coming weeks as…

DAILY MARKET REPORT – 13/09/2024A bearish session seen yesterday as once again upward limits appear to be hit and we come back away from them.No change to the overall outlook with warmer temperatures in line with seasonal normals expected to return next week and for the foreseeable and plenty of…

DAILY MARKET REPORT – 12/09/2024A slight uptick seen in yesterdays session as the US prepares for Hurricane Francine, evacuating oil and gas platforms, but also putting its LNG infrastructure on alert which may impact exports.Warmer temperatures are expected at the weekend and into next week after a few days of…

DAILY MARKET REPORT – 11/09/2024Markets breathed a sigh of relief yesterday as recent sessions showing gains were once again unwound with a decline in price levels across the board.It seems premium around concerns fell away once again in yesterdays session, after slowly finding their way back into the market in…

DAILY MARKET REPORT – 10/09/2024The uptick continued to get this week underway in yesterdays session as cooler temperatures combined with low ongoing Norwegian output put some upside pressure to prices, albeit staying rangebound for recent weeks.The UK power spot price, hovering close to £90 for the month so far, saw…

DAILY MARKET REPORT – 09/09/2024A small uptick to end the week seen in Fridays session.Some cooler temperatures expected to start this week off, lower renewables output in recent days together with continued Norwegian planned maintenance – as well as an unexpected outage – may add some further concerns to get…