Market Insight

DAILY MARKET REPORT – 12/03/2024 A bearish session to get the week underway after a topsy turvy set of sessions seen last week. The latest long term weather runs show an improved outlook with temperatures now expected to stay above seasonal normal until late March and then very close to…

DAILY MARKET REPORT – 11/03/2024 A fairly calm session on Friday after a jumpy week in both directions. Nyhamna is currently on unplanned outage, which may impact the market in the short term, but otherwise things remain unchanged with warmer than seasonal normal temperatures expected this week. Friday saw the…

DAILY MARKET REPORT – 08/03/2024 Another downward movement seen in yesterdays session. The temperature outlooks show some warmer levels until the end of March but then dipping below seasonal normal throughout April in the latest long term runs. Yesterday saw the TTF Front Month contract settle at €25.99 (from €26.57)…

DAILY MARKET REPORT – 07/03/2024 A downward day seen yesterday in the end as the market seems to find itself a new envelope to stick close to. Attacks in the Red Sea area continue which the market will watch with close interest, however it is thought energy related cargoes have…

DAILY MARKET REPORT – 06/03/2024 Another upward session seen yesterday as we bounce off the lows seen in late February. No sudden change to the overall outlook with healthy gas storage levels, slightly colder than seasonal normal temperatures forecast for the coming weeks and low levels of LNG arrivals in…

DAILY MARKET REPORT – 05/03/2024 A nervous market on display yesterday as the morning session showed strong downside before news of a ship attack in the Red Sea area in the early afternoon saw markets react violently with a 10% increase to near term products before retreating late in the…

DAILY MARKET REPORT – 04/03/2024 An upward session to end the week, undoing the fall seen on Thursday which in itself was undoing the gains seen in Wednesdays session. We’re now in the final delivery month of winter delivery and EU gas storage has held impressive levels, very similar to…

DAILY MARKET REPORT – 01/03/2024 Welcome along to March! A downward movement seen across the board yesterday as these current levels are tested, as we described yesterday, and we could see this for a few sessions yet. The latest long term temperature outlooks are unchanged with a cold start to…

DAILY MARKET REPORT – 29/02/2024 More upward movement in yesterdays session as we bounce away from those low levels set last week. However that’s not to say we’re just on the way up. Looking forwards we still have an impressive storage count, heading quickly out of winter delivery with new front…