Market Insight

DAILY MARKET REPORT – 21/12/2023 Another small bounce seen in yesterdays session as the market looks for a comfortable position following a series of downward sessions in recent weeks. It’s almost as if we’re back to a normal, with sessions moving in either direction but only by small movements ……

DAILY MARKET REPORT – 20/12/2023 As you were. After a reaction to attacks on ships in the Red Sea, which caused some concern around impact to deliveries of key fuels, markets returned to their bearish sentiment in yesterdays session – pushing to yet new long term lows. Meanwhile Norways Equinor and Germanys …

DAILY MARKET REPORT – 19/12/2023 An unsurprising uptick seen in yesterdays session after reaching low points following several bearish sessions of late. The uptick however appears to be in response to several attacks on ships in the Red Sea of late and concerns around impacts of rerouting cargoes. There are…

DAILY MARKET REPORT – 18/12/2023 Markets continued the bearish trend on Friday to end the week with price levels not seen for a considerable time. As mentioned on Fridays report, this is in stark contrast to the price levels of just a year ago and 2023 has been a year…

DAILY MARKET REPORT – 15/12/2023 An unwinding of the previous days gains saw prices push back towards the recent lows in yesterdays session. There is continued confidence in the near-term outlook with regard to supply levels and temperature forecasts out to the end of January showing very close to seasonal…

DAILY MARKET REPORT – 14/12/2023 A slight uptick in yesterdays session, after having a few bearish sessions of late, isn’t a surprise to see. Supply outlook still looking healthy may help to keep and hold this level for the foreseeable, after breaking below some key levels recently that have been…

DAILY MARKET REPORT – 13/12/2023 A further bearish session seen yesterday as the market pushes to new long term lows on the back of a high degree of comfort with the winter delivery so far. Barring any surprises, the supply and demand mix is forecast to be comfortably met. That said…

DAILY MARKET REPORT – 12/12/2023 A sizeable move downwards in yesterdays session to start the week off. The latest weather runs show at or just above seasonal normal temperatures to be expected until early January which will further help keep panic at bay. At the same time, plenty of LNG heading…

DAILY MARKET REPORT – 11/12/2023 A downward end to the week as markets showed yet another bearish session to unwind the previous days gains. With the colder weather now passing, and expected to stay close to seasonal normal for the coming weeks, markets appear once again calmed. Combined with a flurry…