Latest Market Updates

DAILY MARKET REPORT – 14/08/2023 Markets ended on a slightly bearish note to end the week, but not anywhere near enough to undo the fear introduced during the week on the back of potential Australian LNG strikes. With talks still ongoing, including drawing up plans to limit the export impact…

DAILY MARKET REPORT – 11/08/2023 Markets retreated slightly from the panic seen on Wednesday following those potential strike announcements in Australia. Union talks are expected to have some global focus as they seek to avert the strikes over pay and conditions for the LNG workers. Whilst nearly all of the Australian…

DAILY MARKET REPORT – 10/08/2023 Yesterday showed just how nervous the market remains and will react to any form of bad news. Australian workers at Woodside Energy and Chevron LNG plants voting to strike, possibly as early as next week. The output from these plants account for around 11% of global exports, and…

DAILY MARKET REPORT – 09/08/2023 Much of a repeat of the previous days session with the near curve contracts moving up slightly with the further curve holding steady. Markets continue to hold steady whilst looking for a direction after several sessions of fairly sideways movement in recent weeks. Yesterday saw the…

DAILY MARKET REPORT – 08/08/2023 The buoyant situation continues with an upward start to the week, but holding rangebound for the front month contracts. The curve seeing little change from the end of last week. Yesterday saw the TTF September contract settle at €30.48 (from €28.85) and the NBP September contract…

DAILY MARKET REPORT – 07/08/2023 A soft end to the week to undo Thursdays gain and keep the market in the range it has been for several weeks now. Friday saw the TTF September contract settle at €28.85 (from €30.47) and the NBP September contract at 72.93p (from 76.42p). No…

DAILY MARKET REPORT – 04/08/2023 A similar session to the previous with another bullish move on the front month contracts, but smaller moves along the curve. Yesterday saw the TTF September contract settle at €30.47 (from €28.74) and the NBP September contract at 76.42p (from 72.16p). No unplanned outage this…

DAILY MARKET REPORT – 03/08/2023 A mixed session yesterday with the front month rising as we manage through planned (and some unplanned) outages this month on the Norwegian assets which nudged the front month contract up, whilst the curve softened slightly. Yesterday saw the TTF September contract settle at €28.74…

DAILY MARKET REPORT – 02/08/2023 Another soft day to start the week off after an upwards start to the session and keep the price levels rangebound over the past couple of weeks which may continue for a while yet. Yesterday saw the TTF September contract settle at €27.12 (from €28.37)…