Market Insight

DAILY MARKET REPORT – 05/02/2024 A flat end to the week seen in Fridays session. This morning we see a bit of a dent in the supply levels with outages on the Norwegian fleet. This will likely cause some upside to creep into markets today with some colder weather inbound later…

DAILY MARKET REPORT – 02/02/2024 As you were … yesterdays session once again a bearish one and unwinding much of the previous days session. Some nerves clearly remaining, as to potential supply issues with some colder temperatures arriving in a week or so which are forecast to remain well into…

DAILY MARKET REPORT – 01/02/2024 Welcome along to February. Just 8 weeks or so left of winter delivery. Yesterday saw a short outage of Kollnes, which is back online this morning, prompting an upward movement in market prices. So far the Norwegian fleet hasn’t suffered too much this winter which is a…

DAILY MARKET REPORT – 31/01/2024 An small upward movement in yesterdays session as February trading closed with some colder temperatures expected in the second half of the month. Today we see a new front month contract which may account for a jump in the values compared to yesterdays report. Yesterday…

DAILY MARKET REPORT – 30/01/2024 Another mixed session to get the week started yesterday as we saw prices up in the morning but ending level by the close. Temperature outlooks remain unchanged in the latest runs with warmer than normal levels for the coming week or so before dipping below…

DAILY MARKET REPORT – 29/01/2024 A mixed session on Friday, pushed upwards in the afternoon by news of an oil tanker in the Red Sea hit by a missile, although the overall session ended flat to the previous. News such as this will ‘spook’ the market, however impact appears to…

DAILY MARKET REPORT – 26/01/2024 An ‘as you were’ day yesterday as Wednesdays gains were eroded in Thursdays session. This may be the holding pattern we see whilst we head towards the end of the winter period with little to push the market firmly in either direction. Supply appears to…

DAILY MARKET REPORT – 25/01/2024 A slight uptick in yesterdays session, as February appears a month of two halves in terms of forecast temperatures. In recent forecasts it has been showing for a warm start and seasonal normal end, however the latest runs now show that as a potentially colder…

DAILY MARKET REPORT – 24/01/2024 A flat session yesterday, ending almost unchanged to where it started. Whilst this may not seem exciting or interesting, it is a good sign. If we cast our minds back a few years, the current spot prices were ‘normal’ levels during winter months. We are nearing…