Latest Market Updates

DAILY MARKET REPORT – 16/08/2023 Markets returned to bullish direction yesterday, this time with the curve travelling with the prompt delivery contracts. Talks between unions and Australian LNG plant owners over strike action could take some time to resolve as any potential offers need to go back to workers for…

DAILY MARKET REPORT – 15/08/2023 Markets started the week very much where they left off at the end of last week, with a small downward correction on the prompt and the curve staying level. Much of the nervousness around Australian LNG strikes still lingers. On the positive side, EU gas storage…

The front-month Dutch contract saw an increase of €0.10 euros (£0.08) to reach €36.05 (£31) per megawatt-hour (MWh) by 09:20 (GMT), while the Dutch day-ahead contract went up by €1.72 (£1.4) to €33.42 (£28.7)/MWh. Amidst this uncertainty, consultancy firm Auxilione noted that ongoing talks and contingency planning to mitigate the…

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…