Market Insight

DAILY MARKET REPORT – 28/06/2023 A relatively quiet start to yesterdays session until Gassco AS announced changes to the planned maintenance schedule for the coming weeks, increasing some of the volume that will be offline. As with any potential negative news, this caused the markets to rise in the afternoon in…

DAILY MARKET REPORT – 27/06/2023 After a bullish start to the Mondays session, likely reacting to events in Russia over the weekend, the bears took control during the course of the afternoon to slowly erode the early gains. Not much to report besides what has already been said in recent…

DAILY MARKET REPORT – 26/06/2023 A bearish end to the week with there being not much change in market sentiment. Markets appear to maintain a holding pattern for now, with an overall desire to push lower albeit tentatively due to underlying nerves around potential supply issues. The return from maintenance of…

DAILY MARKET REPORT – 23/06/2023 An overall bearish session yesterday as contracts retreated once again after experiencing a volatile week or two of late. Long range temperature forecasts still show above seasonal normal average temperatures for the coming six weeks or so. Yesterday saw the TTF July contract settle at…

DAILY MARKET REPORT – 22/06/2023 Another mixed session yesterday, resulting in a small discount by the end of the session mostly driven by continued nervousness around Norwegian outages and several technical market levels being tested. Until mid-July, when the major planned gas fields are expected to return to service, this…

DAILY MARKET REPORT – 21/06/2023 Another bullish session mostly driven by technical levels being hit, although not helped by a lack of renewable generation meaning more gas for power requirement. No real change in the outlook, which appears nervous in the short term especially with Norwegian field outages, but a…

DAILY MARKET REPORT – 20/06/2023 A bearish start to the week, reaching around 10% down to Fridays settlement early on, was slowly eroded throughout the rest of the session yesterday. It seems the market is still trying to find its comfort level, wanting to show some bearish movement but at…

DAILY MARKET REPORT – 19/06/2023 A bearish session to end the week after some extremely volatile sessions last week, mostly caused by fear of extended Norwegian gas field outages. A bearish start to this week also as contracts trade down by almost 10% in the first trades on the front…

DAILY MARKET REPORT – 16/06/2023 In one of the most bizarre sessions of any recent period, yesterday saw traders scramble for reasons as to why gas prices were on the rise – touching as much as +30% to the previous day at one point – before retreating, almost fully, by…