Market Insight

DAILY MARKET REPORT – 31/05/2024 A change in front month contracts which distort the daily comparisons as we hit the end of the month. Temperatures are expected to fall below seasonal normal next week before settling just above once again for the coming weeks. Limited LNG cargoes listed, Norwegian…

DAILY MARKET REPORT – 30/05/2024 No real change in price levels in yesterdays session, maintaining the status quo, as we come towards the end of the month. Process issues at Kollsness continue, albeit having a very small impact, and is expected to return to full capacity imminently. Some cooler…

DAILY MARKET REPORT – 29/05/2024 A slight dip in prices yesterday as markets start the week a day late following the extended weekend. No real change in fundamentals or outlook with continued processing issues at Kollsnes keeping the plant from producing at full capacity, although the impact is very…

DAILY MARKET REPORT – 28/05/2024 A slight dip to end the week seen on Friday before an extended weekend. Temperature outlooks remain unchanged with the coming six weeks continuing to show above seasonal normal. Process problems continue at Kollsnes which is slowly returning to full capacity whilst many of…

DAILY MARKET REPORT – 24/05/2024 The market continues to show to the upside in yesterdays session as we push to new recent highs each day. Today Ofgem have confirmed the upcoming domestic price cap, effective 1st July, to be £1,568 for their ‘typical’ dual fuel customer. As expected, standing…

DAILY MARKET REPORT – 23/05/2024 Further upside seen in yesterdays market, as clouded news emerged relating to a court case that could potentially see gas flows reduced towards Europe. Austrias OMV put out a rather cryptic message that the market has taken to relate to Russias Gazprom…

DAILY MARKET REPORT – 22/05/2024 More upward movement seen yesterday, with the UK winter gas contract now at £1/therm having crept up from around 80p/therm just six weeks ago. On the positive side, some of the Norwegian assets are back online which has increased the output considerably compared to…

DAILY MARKET REPORT – 21/05/2024 An upwards movement in yesterdays session as the market prepared for planned maintenance of the Norwegian assets. Many of those assets are now largely or completely offline which has a large impact on flow levels for the days ahead – today almost half of…

DAILY MARKET REPORT – 20/05/2024 An upward end to the week, albeit small rises each day, has pushed the overall trend into a bit of a bullish mode for the time being. A few newly listed LNG cargoes heading towards the UK will be timely as some of the…