Latest Market Updates

DAILY MARKET REPORT – 02/06/2023 As you were!  After Wednesdays spike, the market retreated in equal measure in yesterdays session as the panic caused by news of the Hammerfest LNG leak (stopped late on Wednesday) was said to be coming back online early next week. The market remains otherwise confident…

DAILY MARKET REPORT – 01/06/2023 Welcome to June. Yesterdays session was an interesting one where, for the first time in a while, we saw just how nervous the underlying market is. With news of Norways Hammerfest LNG plant experiencing a leak, the market ‘rocketed’ showing prompt contracts erasing the discounts enjoyed over…

DAILY MARKET REPORT – 31/05/2023 A fairly flat session yesterday, with small movements seen across the contracts we follow in our morning report. LNG arrivals towards the UK over the next couple of weeks are at their lowest for some time now as European prices stay much lower than the…

DAILY MARKET REPORT – 30/05/2023 Another bearish day to end the week showing prices levels not seen for two years at the prompt. LNG ship arrivals have slowly been declining in recent weeks as a result and we now only expect a handful of cargo arrivals to the UK in…

DAILY MARKET REPORT – 26/05/2023 A ‘big’ move seen for the first time in a long time in yesterdays session, as markets showed some downside to the tune of around ten percent. A healthy current supply/demand mix, with emphasis on confidence from EU forecasts over demand reductions this year to…

Whether energy bills are £2,000, £3,000 or £4,000 a year, they are still massive compared to the £600-£800 yearly bills most homes paid for energy pre-2021.     The big question for many billpayers is when energy bills will go back to normal. Sadly, that might not happen for years. Cornwall Insight…

DAILY MARKET REPORT – 25/05/2023 A small downward movement on the prompt contracts, but stable on the curve, in yesterdays session – which mirrors many of the sessions in recent days. This morning Ofgem have confirmed the latest Price Cap figures which, for the first time in 18 months, sees a…

DAILY MARKET REPORT – 24/05/2023 A continuation of a relatively quiet market of late, with only very small movements in our monitored contracts in yesterdays session. Much of this ‘calmness’ will be a welcome sign to many after incredible volatility over the past 18-months or so and will be hoping…

DAILY MARKET REPORT – 23/05/2023 Yet another calm session to start the week off which saw no real overall movement across the board. The prompt remains soft with a clear winter premium – something the market has been used to for many years with the exception of the last couple…