Latest Market Updates

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…

DAILY MARKET REPORT – 19/09/2023 A bearish start to the week as the market takes delayed return of the Norwegian fields and impending outcome of the Australian LNG workers dispute in its stride. The Norwegian fields are expected to return to service imminently but many seem to have some teething…

DAILY MARKET REPORT – 18/09/2023 Markets ended slightly higher to end the week as the same news stories continued to show nothing new to report and keep prices rangebound. This week much of the same is expected as Norwegian fields start to return to service, albeit with Troll being reported…

DAILY MARKET REPORT – 15/09/2023 Markets continue to maintain a holding envelope whilst strike action continues in Australia at Chevron LNG terminals. Freeport LNG in the US yesterday cancelled four cargoes as a result of continued issues with feedgas. Despite the negativity around LNG currently, markets appear to hold out for…

DAILY MARKET REPORT – 14/09/2023 Escalation begins today at Chevron LNG sites in Australia as workers begin full stoppages, following a week of increased stoppages for selected hourly blocks, as legal interventions are expected in a weeks time. Norwegian flows remain low as the return of fields on planned maintenance is…

DAILY MARKET REPORT – 13/09/2023 A date has been set for an industrial tribunal to hear Chevron and Union representatives in order to find a solution to the ongoing dispute in Australia for next Friday, 22nd September. However that is a week into full scale walk outs which commence tomorrow and the…

DAILY MARKET REPORT – 12/09/2023 Markets ticked up yesterday as workers at Chevron LNG terminals in Australia increase their daily hours of strike action, ahead of full walk outs from Thursday. Unions stated they would oppose plans for Chevron to use untested legal processes to bring matters to an end, leaving the…