Market Insight

DAILY MARKET REPORT – 15/05/2025A small downward movement seen in yesterdays session, unwinding the gains seen in the previous one.The US President has been on tour in the Middle East and securing trade deals with Saudi Arabia and Qatar.Today also sees face to face discussions between Russia and Ukraine, however…

DAILY MARKET REPORT – 14/05/2025More small upward movement seen in yesterdays session, continuing the bullish trend of the last couple of days.No real change to fundamentals, but perhaps the consideration around the potential change in Russian gas to Europe – expected to be banned in stages later this year and…

DAILY MARKET REPORT – 13/05/2025An upward start to the week, as Fridays losses were quickly retraced in yesterdays session.This was despite news of direct talks between Russia and Ukraine, at the highest possible level, later this week and the US announcing agreed tariffs with China who set levels on each…

DAILY MARKET REPORT – 12/05/2025A small downward movement to end the week seen in Fridays session, following both up and down days across the earlier sessions.Over the weekend it seems some progress may have been made with in person talks expected between Russia and Ukraine on Thursday. It is not clear…

DAILY MARKET REPORT – 09/05/2025An uptick seen in yesterdays session as the market takes consideration of the phase out of Russian gas in Europe over the coming years and the impact of the flexible gas refilling targets for the upcoming winter.However, it is also rumoured that the US and Russia…

DAILY MARKET REPORT – 08/05/2025A small downward move seen come the end of yesterdays session with markets trying to decipher what impact escalation between India and Pakistan may cause.The European Commissions plans to phase out Russian gas in the coming years was publicly rejected by Slovakia and Hungary, perhaps…

DAILY MARKET REPORT – 07/05/2025A further upwards push seen in yesterdays session as the European Commission confirms its plans to ban all Russian gas in Europe by the end of 2027, including ending spot deals later this year.Plenty of Russian gas still finds its way into Europe and it this…

DAILY MARKET REPORT – 06/05/2025A push upwards to end the week was seen in Fridays session as the price differential between Asia and Europe attracted some LNG cargoes to be diverted away from European destinations in favour of Asia – the result pulling European prices upwards.Over the weekend it was…

DAILY MARKET REPORT – 02/05/2025A fairly quiet session yesterday, unwinding the small uptick from the previous, and price levels holding station overall.With limited news stories, and no change in fundamentals, the market seems comfortable to hold these levels.A small dip in temperatures is expected early next week before remaining close…