Market Insight

DAILY MARKET REPORT – 10/08/2023 Yesterday showed just how nervous the market remains and will react to any form of bad news. Australian workers at Woodside Energy and Chevron LNG plants voting to strike, possibly as early as next week. The output from these plants account for around 11% of global exports, and…

DAILY MARKET REPORT – 09/08/2023 Much of a repeat of the previous days session with the near curve contracts moving up slightly with the further curve holding steady. Markets continue to hold steady whilst looking for a direction after several sessions of fairly sideways movement in recent weeks. Yesterday saw the…

DAILY MARKET REPORT – 08/08/2023 The buoyant situation continues with an upward start to the week, but holding rangebound for the front month contracts. The curve seeing little change from the end of last week. Yesterday saw the TTF September contract settle at €30.48 (from €28.85) and the NBP September contract…

DAILY MARKET REPORT – 07/08/2023 A soft end to the week to undo Thursdays gain and keep the market in the range it has been for several weeks now. Friday saw the TTF September contract settle at €28.85 (from €30.47) and the NBP September contract at 72.93p (from 76.42p). No…

DAILY MARKET REPORT – 04/08/2023 A similar session to the previous with another bullish move on the front month contracts, but smaller moves along the curve. Yesterday saw the TTF September contract settle at €30.47 (from €28.74) and the NBP September contract at 76.42p (from 72.16p). No unplanned outage this…

DAILY MARKET REPORT – 03/08/2023 A mixed session yesterday with the front month rising as we manage through planned (and some unplanned) outages this month on the Norwegian assets which nudged the front month contract up, whilst the curve softened slightly. Yesterday saw the TTF September contract settle at €28.74…

DAILY MARKET REPORT – 02/08/2023 Another soft day to start the week off after an upwards start to the session and keep the price levels rangebound over the past couple of weeks which may continue for a while yet. Yesterday saw the TTF September contract settle at €27.12 (from €28.37)…

DAILY MARKET REPORT – 01/08/2023 Welcome along to August. The year is running by quickly. Yesterday saw the week start with an upward tick as the front month changed over with several large planned outages due this month on the Norwegian assets. Yesterday saw the TTF September contract settle at €28.37…

DAILY MARKET REPORT – 31/07/2023 Markets continued the downward trend to end the week, and the month, as September now becomes the new front month and edging us closer to the upcoming winter delivery contracts. EU gas storage levels now pass the 85% marker, which should continue to provide some…