Market Insight

DAILY MARKET REPORT – 25/09/2024 The yo-yo of up and downward sessions continues as yesterday saw a softer session to unwind some of the gains seen on Monday. Various news being reacted to, mostly cantered around weather conditions in the Gulf of Mexico, and escalations of tensions in the…

DAILY MARKET REPORT – 24/09/2024 A further uptick seen yesterday as markets continued to unwind the losses seen on Thursday and get the week off to a bullish start. We edge closer to the end of summer delivery and closure of the Q4 and Winter delivery contracts in the…

DAILY MARKET REPORT – 23/09/2024 Markets rose again on Friday as the news seen on Thursday afternoon relating to a deal to replace Russian gas through Ukraine with Azerbaijan gas at the end of the year failed to be confirmed by official sources. That remains the case and so…

DAILY MARKET REPORT – 20/09/2024 A sizeable downward move was seen in yesterdays session as news broke that Ukraine had secured a deal to transit gas to Europe from Azerbaijan in replacement of the Russian gas it currently transits, which expires at the end of the year. That news…

DAILY MARKET REPORT – 19/09/2024 Tiny 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…

DAILY MARKET REPORT – 18/09/2024 An 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…

DAILY MARKET REPORT – 17/09/2024 The 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…

DAILY MARKET REPORT – 16/09/2024 A 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…

DAILY MARKET REPORT – 13/09/2024 A 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…