Latest Market Updates

DAILY MARKET REPORT – 04/04/2023 A bullish session again yesterday across the board with oil prices rising on the back of the OPEC+ production cut announcement at the weekend. Gas and power prices followed the trend and the delta between European and Asian LNG prices show a bigger gap. The latest…

DAILY MARKET REPORT – 03/04/2023 Fridays sessions saw the week close out in bullish style as markets showed upside across the board. On Friday the European Commission announced it would extend its gas price cap to all European trading hubs from 1st May. On Sunday the OPEC+ group made a surprise…

DAILY MARKET REPORT – 31/03/2023 Welcome to the last day of winter delivery. The market closed off the April and Summer contracts yesterday as May and (next) Winter become the front month and season respectively. The UK has announced its ‘green day’ plans with Grant Shapps outlining the focus is on energy…

DAILY MARKET REPORT – 30/03/2023 A fairly muted day in the markets yesterday overall to close level with the previous day. Both Centrica and OVO are said to have taken interest in acquiring Shell Energy, according to Sky News, with OVO wanting to gain market share after it lost out on taking…

DAILY MARKET REPORT – 29/03/2023 Yesterday markets moved from a bearish open before bulls took control pushing markets up around 5% before they settled not too far above where they started. A low outlook for LNG cargoes, particularly in the UK in recent days, will drive some of the concern…

DAILY MARKET REPORT – 28/03/2023 A calm start to the week with markets showing a small uptick in price levels. Temperature forecasts remain largely unchanged with a slightly below seasonal normal expected for April. LNG flows to the UK have dropped in recent days with just five cargoes expected in the…

DAILY MARKET REPORT – 27/03/2023 The week ended on a bearish note, continuing to stay close to the £1/€40 markers for the upcoming delivery contracts. This is despite the temperature forecasts to remain largely unchanged for the coming weeks to those of late last week. As the Nord Stream explosion…

DAILY MARKET REPORT – 24/03/2023 Bullish once again in yesterdays session as the markets continue to ‘yo-yo’ and stay close to key levels. Strikes in France continue which are affecting the country’s nuclear power stations and LNG terminals. The latest long term weather forecasts show another ‘dip’ in temperatures to…

DAILY MARKET REPORT – 23/03/2023 Back to bearish mode in yesterdays session as markets try to say close to key levels in recent days. Freeport LNG appears to have had some ‘hiccups’ on its restart plans and has cancelled a small number of cargoes according to Reuters. This comes after the…