Market Insight

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…

DAILY MARKET REPORT – 26/07/2024Yesterdays session almost completely unwound the previous days gains as markets retain comfort to hold around this level – moving slightly up or down between sessions.Gassco AS updated the prolonged outage for Visund yesterday to show it will likely continue until the end of the…

DAILY MARKET REPORT – 25/07/2024After a few softer days, the market took a turn to unwind some of those losses in yesterdays session.Driven, in part, by news of prolonged maintenance across the Norwegian assets, as well as an unplanned outage in the UK at Teesside CATS.Yesterday saw the TTF Front…

DAILY MARKET REPORT – 24/07/2024A small further discount seen across the board in yesterdays session.The market continues to hold station around this level, as it has done for many weeks now, with small movements in either direction over a period of time.No change in outlook for the time being –…

DAILY MARKET REPORT – 23/07/2024A continuation of Fridays downward movement was seen yesterday to get the week underway, albeit small movements.Freeport LNG, halted due to the hurricane, has now restarted as planned.Yesterday saw the TTF Front Month contract settle at €31.84 (from €32.17) and the NBP Front Month contract…

DAILY MARKET REPORT – 22/07/2024A global IT outage on Friday saw issues across the world in accessing systems and data for many hours. Once things started to come back to normal later in the day, we saw energy markets continue their trend of late and retreat slightly from the previous days…