Market Insight

DAILY MARKET REPORT – 30/08/2024 Another flat session yesterday as we look to close out August we have a new front month contract to observe (being October delivery) – which starts relatively flat to where September delivery pricing closed. A further decline in Norwegian output as those planned outages…

DAILY MARKET REPORT – 29/08/2024 A relatively flat session seen yesterday, with some small movements in either direction across the curve. Norwegian output is lower today compared to yesterday as planned maintenance begins to take hold, expected to continue throughout much of September ahead of the winter delivery period.

DAILY MARKET REPORT – 28/08/2024 Some further uptick seen in yesterdays session as we look to close out the final days of August with planned maintenance due on several Norwegian assets next month. Yesterday saw the TTF Front Month contract settle at €38.69 (from €37.66) and the NBP Front…

DAILY MARKET REPORT – 27/08/2024 A slight uptick to end the week seen in Fridays session before an extended weekend thanks to the UK Bank Holiday. Escalations continue to rumble both in the Middle East and on the Ukraine-Russia border in  recent days, which will continue to inject some…

DAILY MARKET REPORT – 23/08/2024 Further small downside seen in yesterdays session as the market continues to see little change in developments further afield that have caused concern in recent weeks, allowing some of the risk premium to be removed. It does however retain that underlying nervousness and could still…

DAILY MARKET REPORT – 22/08/2024 Further downside seen in yesterdays session as the panic injected into markets over recent weeks continues to subside. Warmer temperatures at the end of the month, and into September, are expected alongside those fundamental comforts mentioned in our reports of recent days may help…

DAILY MARKET REPORT – 21/08/2024 The market took breath yesterday as prices fell after rising and holding for the past few weeks as tensions grew in both the Middle East and on the Ukraine-Russia border. With talks of a ceasefire seeming to make some progress in the Middle East,…

DAILY MARKET REPORT – 20/08/2024 A calm start to the week with a fairly flat session seen yesterday. No change to the outlook as EU gas storage levels now touch the 90% level required by November, whilst escalations in the Middle East and on the Ukraine-Russia border continue. It…

DAILY MARKET REPORT – 19/08/2024 A fairly level end to the week seen in Fridays session. Over the weekend activity continued on the Ukraine-Russia border, close to key energy infrastructure, which will retain some level of concern. Russia have formally complained to Germany and other Western countries about the…