Market Insight

DAILY MARKET REPORT – 15/06/2023 Once again a bearish looking morning turned into a bullish session come the afternoon and we now see the UK gas front month heading towards £1/therm, almost doubling in value from the start of the month. Reports relating to the outcome of the investigation into…

DAILY MARKET REPORT – 14/06/2023 Markets showed a bearish morning before turning aggressively to the upside after it was announced by Gassco AS that major gas processing plant, Nyhamna, will undergo an extended planned outage by around a month longer than originally planned due to cooling service issues according to operator …

DAILY MARKET REPORT – 13/06/2023 A mixed picture in yesterdays session as at one point it looked like we had a bearish session on our hands to get the week started, before things settled down in the afternoon to show a small discount on prompt contracts but not much movement…

DAILY MARKET REPORT – 12/06/2023 A very bullish end to the week as hot weather pushes across Europe and a continued low flow of LNG for the weeks ahead. That picture doesn’t look like its changing any time soon as so prices may hold around a new level after enjoying…

DAILY MARKET REPORT – 09/06/2023 Another session of small upside across the board, as we wait on the return to service of Hammerfest LNG, watch general LNG cargoes towards the UK fall to just one over the coming weeks and prepare for planned Norwegian gas field maintenance to take hold.

DAILY MARKET REPORT – 08/06/2023 A mixed session yesterday, although ended on a bullish note. Equinor confirmed the return to service of Hammerfest LNG, which suffered a leak around a week ago and sent the market into its first bullish session seen in a while, will be delayed by one…

DAILY MARKET REPORT – 07/06/2023 A bearish session was seen yesterday as contracts pulled back from Mondays bull run. After many weeks of calm, some recent days have shown how volatile the market still can be with technical levels being tested and concerns around supply outages adding to the mix. Fortunately,…

DAILY MARKET REPORT – 06/06/2023 An extremely bullish session to start the week which saw the prompt delivery contracts climb the strongest. Low LNG inbound flows and plenty of planned maintenance on the near horizon in Norway combined with low prices have tested the technical levels. Yesterday saw the TTF…

DAILY MARKET REPORT – 05/06/2023 A level day to end the week after a fairly volatile week last week but with an overall down trend continuing as it has done for some weeks now. LNG flows, particularly towards towards the UK, are low with just a couple of cargoes scheduled…