Latest Market Updates

DAILY MARKET REPORT – 02/10/2023 Welcome along to October, and the start of winter 2023. Fridays session saw a small decline in price levels as we start to prepare for winter delivery with a healthy gas storage balance, Norwegian fields all appearing now to behave after returning from lengthy planned…

DAILY MARKET REPORT – 29/09/2023 As we reach the end of September, it also sees a change in front month as well as season for most contracts, hence a jump shown between days. However yesterdays market was relatively calm ending much where it started. As we get back into the winter…

DAILY MARKET REPORT – 28/09/2023 A fairly level day in yesterdays session as the market looks to settle the last few days of ‘summer’ trading before entering the winter delivery period. As we do so, EU gas storage tops 95%, LNG starts to tick up with 6 cargoes to the…

DAILY MARKET REPORT – 27/09/2023 A bearish session to unwind the gains seen on Monday as the unplanned outages from Norway disappear. Yesterday saw the TTF Front Month contract settle at €40.32 (from €44.44) and the NBP Front Month contract at 102.23p (from 112.73p). No unplanned outage this morning and…

DAILY MARKET REPORT – 26/09/2023 We questioned if it was now over on Friday and it seems not. Statements made in Australia suggest the disagreements continue in relation to Chevron workers and the proposal that was to end the strike action. This once again reignited some nervousness into the markets yesterday. Not only…

DAILY MARKET REPORT – 25/09/2023 A slight uptick to end the week as a return to service on the Norwegian fields showed a few unplanned outages, which were largely present all week with several delays. This week marks the anniversary of the blasts that damaged the Nord Stream AG pipelines. A year…

DAILY MARKET REPORT – 22/09/2023 Is it over now? Chevron workers have accepted a last minute proposal put forward by the arbitrator to avoid a hearing due to be held today – ending the strike action in Australia. Norwegian flows are increasing as the delayed return of Troll seems to have…

DAILY MARKET REPORT – 21/09/2023 Yesterday markets held their nerve as no further delays to the return of Troll were announced, and it shows as back online today with capacity increasing over the coming days. Chevron and the Austrialian union representatives held further talks but were without success. In order to…

DAILY MARKET REPORT – 20/09/2023 Yet more delays to the return of Troll announced late yesterday afternoon pushed the market to close up on the day. The market showing some frustration as a result and undoing Mondays losses. We wait on further updates from Gassco AS today as to any further delays to…