Market Insight

DAILY MARKET REPORT – 16/01/2024 Markets continued their downside trend to start the week off, pushing through key psychological levels (typically round numbers such as €30). No change to the temperature outlooks in the latest long term runs, with some colder days for the rest of the week before jumping…

DAILY MARKET REPORT – 15/01/2024 And we’re back! Welcome to our first daily report of 2024 after a couple of weeks break and a Happy New Year to all of our readers. Remember the numbers in brackets are the values shown from our last report on 22nd December and not the…

DAILY MARKET REPORT – 22/12/2023 This will be our last daily report of 2023, and we shall return on 15th January after a well-earned break. We hope you have a great Christmas and New Year break yourselves. Another small rise in yesterdays session as the impact of shipping diversions in the…

DAILY MARKET REPORT – 21/12/2023 Another small bounce seen in yesterdays session as the market looks for a comfortable position following a series of downward sessions in recent weeks. It’s almost as if we’re back to a normal, with sessions moving in either direction but only by small movements ……

DAILY MARKET REPORT – 20/12/2023 As you were. After a reaction to attacks on ships in the Red Sea, which caused some concern around impact to deliveries of key fuels, markets returned to their bearish sentiment in yesterdays session – pushing to yet new long term lows. Meanwhile Norways Equinor and Germanys …

DAILY MARKET REPORT – 19/12/2023 An unsurprising uptick seen in yesterdays session after reaching low points following several bearish sessions of late. The uptick however appears to be in response to several attacks on ships in the Red Sea of late and concerns around impacts of rerouting cargoes. There are…

DAILY MARKET REPORT – 18/12/2023 Markets continued the bearish trend on Friday to end the week with price levels not seen for a considerable time. As mentioned on Fridays report, this is in stark contrast to the price levels of just a year ago and 2023 has been a year…

DAILY MARKET REPORT – 15/12/2023 An unwinding of the previous days gains saw prices push back towards the recent lows in yesterdays session. There is continued confidence in the near-term outlook with regard to supply levels and temperature forecasts out to the end of January showing very close to seasonal…

DAILY MARKET REPORT – 14/12/2023 A slight uptick in yesterdays session, after having a few bearish sessions of late, isn’t a surprise to see. Supply outlook still looking healthy may help to keep and hold this level for the foreseeable, after breaking below some key levels recently that have been…