Latest Market Updates

DAILY MARKET REPORT – 06/10/2023 A reversal (once again) of the previous days session yesterday as markets showed a bearish side, continuing to maintain the overall sideways trend for now. On other side of the world, after we thought all was sorted, Chevron workers once again are discussing a possible return…

DAILY MARKET REPORT – 05/10/2023 A slight uptick in yesterdays session, as we once again find ourselves in an envelope of comfort within a price range. With no real change to push in either direction, markets tend to hold in a range with sessions either holding steady or unwinding a…

DAILY MARKET REPORT – 04/10/2023 A continuation of the bearish trend seen in yesterdays session as the fundamentals maintain strength. EU Gas storage tops 96% and continues to grow together with stable Norwegian flows are underpinning confidence for the time being. Weather-wise, we continue to expect a warm few days to…

DAILY MARKET REPORT – 03/10/2023 Monday saw a bearish start to the week, and October, as everything continues to hold a settled status … for the time being. Yesterday saw the TTF Front Month contract settle at 39.34 (from €41.86) and the NBP Front Month contract at 98.36p (from 105.40p).

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…