Market Insight

DAILY MARKET REPORT – 09/06/2023 Another session of small upside across the board, as we wait on the return to service of Hammerfest LNG, watch general LNG cargoes towards the UK fall to just one over the coming weeks and prepare for planned Norwegian gas field maintenance to take hold.

DAILY MARKET REPORT – 08/06/2023 A mixed session yesterday, although ended on a bullish note. Equinor confirmed the return to service of Hammerfest LNG, which suffered a leak around a week ago and sent the market into its first bullish session seen in a while, will be delayed by one…

DAILY MARKET REPORT – 07/06/2023 A bearish session was seen yesterday as contracts pulled back from Mondays bull run. After many weeks of calm, some recent days have shown how volatile the market still can be with technical levels being tested and concerns around supply outages adding to the mix. Fortunately,…

DAILY MARKET REPORT – 06/06/2023 An extremely bullish session to start the week which saw the prompt delivery contracts climb the strongest. Low LNG inbound flows and plenty of planned maintenance on the near horizon in Norway combined with low prices have tested the technical levels. Yesterday saw the TTF…

DAILY MARKET REPORT – 05/06/2023 A level day to end the week after a fairly volatile week last week but with an overall down trend continuing as it has done for some weeks now. LNG flows, particularly towards towards the UK, are low with just a couple of cargoes scheduled…

DAILY MARKET REPORT – 02/06/2023 As you were!  After Wednesdays spike, the market retreated in equal measure in yesterdays session as the panic caused by news of the Hammerfest LNG leak (stopped late on Wednesday) was said to be coming back online early next week. The market remains otherwise confident…

DAILY MARKET REPORT – 01/06/2023 Welcome to June. Yesterdays session was an interesting one where, for the first time in a while, we saw just how nervous the underlying market is. With news of Norways Hammerfest LNG plant experiencing a leak, the market ‘rocketed’ showing prompt contracts erasing the discounts enjoyed over…

DAILY MARKET REPORT – 31/05/2023 A fairly flat session yesterday, with small movements seen across the contracts we follow in our morning report. LNG arrivals towards the UK over the next couple of weeks are at their lowest for some time now as European prices stay much lower than the…

DAILY MARKET REPORT – 30/05/2023 Another bearish day to end the week showing prices levels not seen for two years at the prompt. LNG ship arrivals have slowly been declining in recent weeks as a result and we now only expect a handful of cargo arrivals to the UK in…