Latest Market Updates

DAILY MARKET REPORT – 21/05/2024An upwards movement in yesterdays session as the market prepared for planned maintenance of the Norwegian assets.Many of those assets are now largely or completely offline which has a large impact on flow levels for the days ahead – today almost half of yesterdays flow.These are…

DAILY MARKET REPORT – 20/05/2024An upward end to the week, albeit small rises each day, has pushed the overall trend into a bit of a bullish mode for the time being.A few newly listed LNG cargoes heading towards the UK will be timely as some of the Norwegian fields undergo…

DAILY MARKET REPORT – 17/05/2024A small uptick seen in yesterdays session as the market stays generally flat of late with little to push it in either direction.Yesterday was also the final wholesale calculation window of the upcoming Ofgem price cap effective 1st July, to be confirmed on 24th May,…

Today sees the close of the ‘observation window’ for the upcoming domestic price cap period, effective 1st July 2024. Over the last few months, whilst the prices have been ‘calculating’ the market has flattened after an early downward trend in the observation window. This has meant that the average price…

DAILY MARKET REPORT – 16/05/2024A flat session yesterday, which follows a similar one seen on Monday, as the market has no clear driver to head in either direction.EU gas stocks look healthy at two-thirds full. At the current injection rate it would reach the mandated levels of at least 90% long…

DAILY MARKET REPORT – 15/05/2024No real drive seen in yesterdays session, with very small movements to the upside on the front month contracts.All of the fundamentals remain unchanged with the same underlying nerves just sat there.This week sees the calculation period for the upcoming Ofgem price cap, effective 1st…

DAILY MARKET REPORT – 14/05/2024A soft start to the week as strong flow levels and warm weather help to maintain a calm outlook.Some near term price levels are close to psychological levels (round numbers, or nearest 10 etc) which may see some reactions in either direction in an otherwise unexciting…

DAILY MARKET REPORT – 13/05/2024A slightly soft end to the week on some contracts, whilst others held level.High temperatures have been enjoyed this weekend as temperatures are now expected to fall slightly, albeit holding above seasonal normal for the weeks ahead.No real change to the underlying outlook which remains positive…

DAILY MARKET REPORT – 10/05/2024A very small uptick in yesterdays session across the board.The latest temperature forecasts show a warm weekend ahead and then settling, however now above seasonal normal until the end of June.Ships continue to be attacked in the Red Sea, however it is understood energy cargoes have…