Latest Market Updates

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…

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…