Market Insight

DAILY MARKET REPORT – 27/09/2023 A bearish session to unwind the gains seen on Monday as the unplanned outages from Norway disappear. Yesterday saw the TTF Front Month contract settle at €40.32 (from €44.44) and the NBP Front Month contract at 102.23p (from 112.73p). No unplanned outage this morning and…

DAILY MARKET REPORT – 26/09/2023 We questioned if it was now over on Friday and it seems not. Statements made in Australia suggest the disagreements continue in relation to Chevron workers and the proposal that was to end the strike action. This once again reignited some nervousness into the markets yesterday. Not only…

DAILY MARKET REPORT – 25/09/2023 A slight uptick to end the week as a return to service on the Norwegian fields showed a few unplanned outages, which were largely present all week with several delays. This week marks the anniversary of the blasts that damaged the Nord Stream AG pipelines. A year…

DAILY MARKET REPORT – 22/09/2023 Is it over now? Chevron workers have accepted a last minute proposal put forward by the arbitrator to avoid a hearing due to be held today – ending the strike action in Australia. Norwegian flows are increasing as the delayed return of Troll seems to have…

DAILY MARKET REPORT – 21/09/2023 Yesterday markets held their nerve as no further delays to the return of Troll were announced, and it shows as back online today with capacity increasing over the coming days. Chevron and the Austrialian union representatives held further talks but were without success. In order to…

DAILY MARKET REPORT – 20/09/2023 Yet more delays to the return of Troll announced late yesterday afternoon pushed the market to close up on the day. The market showing some frustration as a result and undoing Mondays losses. We wait on further updates from Gassco AS today as to any further delays to…

DAILY MARKET REPORT – 19/09/2023 A bearish start to the week as the market takes delayed return of the Norwegian fields and impending outcome of the Australian LNG workers dispute in its stride. The Norwegian fields are expected to return to service imminently but many seem to have some teething…

DAILY MARKET REPORT – 18/09/2023 Markets ended slightly higher to end the week as the same news stories continued to show nothing new to report and keep prices rangebound. This week much of the same is expected as Norwegian fields start to return to service, albeit with Troll being reported…

DAILY MARKET REPORT – 15/09/2023 Markets continue to maintain a holding envelope whilst strike action continues in Australia at Chevron LNG terminals. Freeport LNG in the US yesterday cancelled four cargoes as a result of continued issues with feedgas. Despite the negativity around LNG currently, markets appear to hold out for…