Latest Market Updates

DAILY MARKET REPORT – 17/06/2024A soft end to a Friday session that, at one point, was certainly extremely nervous as news of military shelling nearby to gas infrastructure that carries Russian gas across Ukraine was reported – later confirmed not impacting the infrastructure.Temperatures set to increase this week, typically around…

DAILY MARKET REPORT – 14/06/2024A slight uptick come the end of yesterdays session after yet more nerves creep into the market.Issues with LNG facilities in Australia, potentially meaning a diversion of cargoes expected towards Europe, have injected another level of concern on top of all of those others mentioned in…

DAILY MARKET REPORT – 13/06/2024An upward movement seen in the markets yesterday as a couple of storylines get discussed.Firstly one of Uniper terminating dormant gas supply contracts with Gazprom Export, after delivery issues and disputes following the actions taken by Russia in 2022, approved by the arbitrator in…

DAILY MARKET REPORT – 12/06/2024A flat day yesterday across the board as flow levels remain stable.Some small issues remain on Norwegian output as Visund remains on unplanned outage, but is a much smaller impact than last weeks asset.Yesterday saw the TTF Front Month contract settle at €34.29 (from €34.26) and…

DAILY MARKET REPORT – 11/06/2024A bullish start to the week as markets rose across the board in yesterdays session.Problems continue on the Norwegian assets with further delays to full service from annual maintenance following on from last weeks separate issues.The market retains a nervous undertone and will react to any…

DAILY MARKET REPORT – 10/06/2024A soft ending to the week as Norwegian output increased as expected on Friday following a week long extension to some planned works after a finding a crack in a pipeline.Now that has quickly been resolved the market is once again back to where it was,…

DAILY MARKET REPORT – 07/06/2024A small uptick in yesterdays session as a return to some of the flow through Nyhamna was awaited.Nyhamna is now processing at a little over 50% of its capacity, and it is expected that will now get back to normal over the weekend. That should, for now,…

DAILY MARKET REPORT – 06/06/2024Some further downside seen yesterday following the huge increase seen earlier in the week, as it is expected the issues with the Norwegian output will shortly be resolved.The average temperature outlook still remains below seasonal normal until late next week, when it then stays above normal…

DAILY MARKET REPORT – 05/06/2024The market breathed a huge sigh of relief in yesterdays session as the gains seen in Mondays session were unwound.It is expected that the issues relating to the reduced output from Norway will be addressed by the end of the week, after initially being concerned it…