Market Insight

DAILY MARKET REPORT – 13/07/2023 A very bearish session yesterday, particularly on the front month, as Shell confirmed the return of Nyhamna on 15th July. The return from planned maintenance of Nyhamna was delayed last month due to ongoing issues and created short term panic in the market, with intraday spikes…

DAILY MARKET REPORT – 12/07/2023 More downside seen in yesterdays session to continue the overall downtrend seen of late. Centrica took the much of the headlines yesterday after announcing a long term LNG deal with US firm Delfin Midstream which will see 14 cargoes to the UK per year over the…

DAILY MARKET REPORT – 11/07/2023 The bears took control of yesterdays session with sizeable downward movements across the board, after prices hit a questionable direction level at Fridays close. The overall down trend continues it seems for now with strong Norwegian output and storage levels almost at 80%. Yesterday saw…

DAILY MARKET REPORT – 10/07/2023 An upward session, albeit small, to end the week on Friday but still trading well within the range seen over the past few weeks. Overall there seems to be little change in the underlying fundamentals which may drive the markets to continue the overall downtrend…

DAILY MARKET REPORT – 07/07/2023 A bearish session yesterday, particularly at the prompt where much greater movement is seen in recent weeks. Aside from a small dip in temperatures expected during the week of the 17th, long term forecasts continue to show above average temperatures to be expected for the…

DAILY MARKET REPORT – 06/07/2023 Another level day yesterday, with not much movement by the close overall except a slight dip on the prompt contracts. Yesterday saw the TTF August contract settle at €34.37 (from €35.41) and the NBP August contract at 84.49p (from 86.78p). No unplanned outage this morning…

DAILY MARKET REPORT – 05/07/2023 Markets remain rangebound with an overall bullish direction yesterday to push levels up slightly to the previous day. There is still no change in the overall outlook, and so we may see this daily yo-yo for some time to come yet. Yesterday saw the TTF…

DAILY MARKET REPORT – 04/07/2023 A bearish start to the week as prices continue to hold within a range, despite a few days of up and down movement seen in recent weeks a clear direction is still not clear. Long term temperature forecasts continue to show above seasonal normal to…

DAILY MARKET REPORT – 03/07/2023 Welcome to July – already halfway through the year. Friday saw a bullish end to the week. On Friday Centrica announced that the Rough storage facility, the UKs largest gas storage asset, will hold around double what it could last winter after works to increase the capacity. However…