Market Insight

A fairly level day for the curve, but the prompt (spot) prices continue their upward trend as as the latest temperature forecasts show continued ‘below seasonal normal’ levels to be be expected in the days and weeks ahead. The latest long-term run shows the UK will not see seasonal normal to…

After a bullish start, we saw a turn back to a softer bear market in yesterdays session. Norways Government announced it will expand the Oseberg field which will result in increased exports to Europe, although the results will not be seen until 2026. TotalEnergies announced it was cutting its investment…

Not a great deal of movement to close the week with the curve staying fairly level on Friday. We do however see a rise in spot prices as the cold weather starts to take hold. Friday saw Germany announce its cabinet approve a price brake for its gas and power prices. This…

The bears took the session yesterday after a few days of bull control to give back some discount to the market. However this mornings latest weather runs show a sizeable dip in temperatures to be expected throughout December compared to the run earlier in the week which may have an…

A continued rise in energy markets yesterday across the board. The EU fight over the proposed price cap, with Spain being vocally against the idea citing it will have the opposite effect intended. Germany has the first floating LNG terminal arrive to help it manage the loss of Russian gas…

An uptick in market prices yesterday. Russias Gazprom announced on Telegram Messenger that it will likely reduce gas flows to Ukraine from Monday as it accused them of keeping gas intended for Moldova which it denies. This comes as military strikes on Ukrainian energy infrastructure is described as causing ‘colossal damage’. National…

A mixed bag yesterday with small movements overall seen across the board. The latest weather runs show some warmer temperatures to be expected to finish November before sticking close to seasonal normal throughout December and into January. Whilst the UK and Europe continue to talk around plans for LNG deals,…

Freeport LNG finally announced it is delaying the restart until ‘mid-December’ with full operations not expected to be until March (unchanged). The LNG plans in Germany have cost double the initial estimates of €3bn and now sit in excess of €6bn as it tries to quickly find replacement for the…

Markets continued to show some stability to start the week, with the warmer than normal weather expected to continue into late November meaning we are less likely to need those almost full to the brim stocks across Europe just yet. In addition we also have a healthy queue of LNG…