Market Insight

DAILY MARKET REPORT – 05/09/2023 A bearish start to the week, but the market watches closely as talks between union representatives and Chevron don’t appear to be making positive progress ahead of planned action commencing this Thursday. Overnight an escalation of extended walkouts from 14th September have been proposed, indicating talks…

DAILY MARKET REPORT – 04/09/2023 A calm end to last week with prices holding steady as we prepare for an interesting week ahead. Across the UK and Europe temperatures are expected to be high whilst talks to avert industrial action, announced to commence on Thursday, at Chevron LNG terminals in Australia…

DAILY MARKET REPORT – 01/09/2023 Yesterdays session saw a bearish end to August and we head into the final weeks of the summer delivery in very different circumstances to that of just a year ago. Overnight Chevron LNG workers in Australia have rejected the offer and will stop work for a…

DAILY MARKET REPORT – 31/08/2023 Not much newsworthy to note as the September contract came to an end in yesterdays session and October takes its place, therefore adjustments need to be taken into consideration on the below reported moves between trading days. Markets remained fairly level after playing catch up…

DAILY MARKET REPORT – 30/08/2023 After falling a day behind due to the Bank Holiday, yesterday saw markets between the UK and Europe play in different directions as the UK caught up with Mondays European increase. This was on the back of dates being announced for potential industrial action in…

DAILY MARKET REPORT – 29/08/2023 Markets rose again on Friday as it seemed the Chevron workers were less likely than expected to agree to an earlier tabled offer. Over the course of the long UK weekend, dates of reduced working hours have been announced starting on 7th September. Talks continue to avert the…

DAILY MARKET REPORT – 25/08/2023 Markets dropped further in yesterdays session as positive news relating to Woodside Energy and union representatives confirmed an in-principle deal made to avoid industrial action. Further comments have suggested workers approve of the deal. Chevron workers however have approved strike action, whilst negotiations are underway, despite this…

DAILY MARKET REPORT – 24/08/2023 Positive noises coming out of the Australian talks yesterday afternoon gave the market some comfort which saw a bearish session. Overnight further positive comments have been made that all but confirms avoidance of industrial action to take place, with workers due to ratify the deal…

DAILY MARKET REPORT – 23/08/2023 Markets showed some further upside yesterday as talks to avert strike action in Australia quickly approach. The outcome of the talks between Woodside Energy and union representatives are expected imminently, with Chevron workers expected to hold talks before the end of the week also. Yesterday saw the…