Market Insight

DAILY MARKET REPORT – 26/06/2024A small uptick in prices across the board seen in yesterdays session.This came as further power related issues at Equinors Hammerfest LNG terminal were reported.Yesterday saw the TTF Front Month contract settle at €34.85 (from €34.08) and the NBP Front Month contract at 81.59p (from…

DAILY MARKET REPORT – 25/06/2024A fairly flat session to get the week underway seen yesterday.The EU have signed off the 14th package of sanctions against Russia which, for the first time, includes a target on the countries gas exports – although remains limited in scope. As outlined last week, it targets…

DAILY MARKET REPORT – 24/06/2024A further downward session seen on Friday to end the week.Much warmer weather is expected this week, with average temperatures in the UK being as much as 5 degrees above seasonal normal.EU Gas storage facilities have now surpassed the three-quarter full mark, and remain in line…

DAILY MARKET REPORT – 21/06/2024A downward session seen yesterday, unwinding any gains seen from the previous day.This is partly due to nominations post the payment day, as mentioned yesterday, passing without any undue surprises.The LNG issues in Australia also seem to have been resolved with a restart of the facilities…

DAILY MARKET REPORT – 20/06/2024A further uptick seen in yesterdays session as the Norwegian outages continue, although are not significant.The is also concern around gas flows out of Russia with several parties being in dispute with Gazprom Export. OMV recently reported it expected flows to cease over payment…

DAILY MARKET REPORT – 19/06/2024A slight uptick in yesterdays session as Troll and Nyhamna, the larger assets in the Norwegian fleet, briefly showed as having issues. That now seems to be resolved, however Visund continues to be on unplanned outage.Yesterday saw the TTF Front Month contract settle at €34.70 (from €34.21)…

DAILY MARKET REPORT – 18/06/2024A bearish start to the week as the concerns of last week pass without further repeat.Warmer weather appearing, after being pushed back in the forecasts for the last couple of weeks, will also help as the unplanned outage in Norway continues.Yesterday saw the TTF Front Month…

DAILY MARKET REPORT – 17/06/2024A soft end to a Friday session that, at one point, was certainly extremely nervous as news of military shelling nearby to gas infrastructure that carries Russian gas across Ukraine was reported – later confirmed not impacting the infrastructure.Temperatures set to increase this week, typically around…

DAILY MARKET REPORT – 14/06/2024A slight uptick come the end of yesterdays session after yet more nerves creep into the market.Issues with LNG facilities in Australia, potentially meaning a diversion of cargoes expected towards Europe, have injected another level of concern on top of all of those others mentioned in…