Market Insight

A fairly level day after a bearish looking start to yesterday as the market came back to a neutral point towards the close. Yesterday the UK Chancellor gave his Autumn Statement with a target of closing the £55bn budget gap. For energy the key takeaways were the extension of the Energy…

Back to the bears in yesterdays session as we continue the holding pattern for now around the current levels. Today, from 11.30am, will see the UK Chancellor announce his autumn statement, widely expected to increase taxes in order to plug the huge budget gap. It is also expected to see a…

The bullish momentum continued yesterday as the colder weather forecast starts to take hold after a warmer than usual start to the winter season. In Germany, the first of six floating LNG terminals has been finished with the others expected to be close behind as it races to replace the…

A bullish start to the week across the curve as contracts regained ground lost at the end of last week. Norwegian outages continue this morning following the fire on Asgard but expected to be back online towards the end of the week. Meanwhile temperatures hold above seasonal normal, with a…

Another bearish session yesterday despite comments around the future of energy supply. These mostly came from Ursula von der Leyen who said the EU could fall some 30bcm short for next summers storage injection season, citing three main risks …. Total loss of Russian gas, competitive Asian LNG market and also…

A weak end to the week with plenty of bearish momentum. However a fire on the Norwegian Asgard oil and gas platform results in further unplanned outages, according to Gassco AS. Freeport LNG put out a short official statement in an attempt to quash the rumour mill that exports will be…

Markets took a turn yesterday to show some upside after several days of downside momentum. This came as reports emerged that the prolonged discussion around a potential price cap in Europe was described as ‘impossible’ with several member states appearing to threaten blocking elements of any proposed energy deal as…