Latest Market Updates

Energy analysts Auxilione commented that, “the lack of cold weather in the long-term forecasts, supported by a string of LNG cargoes expected in the coming weeks and EU storage levels still above 80%, are giving markets the confidence that 2023 has an opportunity to be very different to last year”.

Prices showed some upside yesterday, but not enough to rise beyond Mondays bearish session. No major news to drive the sentiment, perhaps a floor being tested in the market – which is largely expected. Europe now sits rather comfortable in its rest of winter outlook compared to the ‘what if’ scenarios…

An aggressively bearish start to the week to give us new lows not seen in some considerable time across the board. It seems the lack of cold weather in the long term forecasts, supported by a string of LNG cargoes expected in the coming weeks and EU storage levels still…

Markets closed the week in bearish mode as the queue of LNG tankers heading towards Europe continue to stay strong alongside healthy gas storage across Europe. Temperatures early this week will drop for a few days, which have been expected for a good few days, before returning to seasonal normal. The…

The first ‘aggressive’ upwards move of the year so far was seen on Friday as prices regained the losses enjoyed over the course of the week. This was mostly caused by revised downward temperature forecasts, despite EU gas storages still holding impressive levels for this time of year. So far this…

Tony Jordan, of Auxilione, an independent energy consultant, said: “This is important as we will be fully reliant on gas flows heading toward Europe for the first time ever after the loss of Russian piped gas. Of course, if China step up demand as they come out of lockdown this would…

A small rise across the board in yesterdays session, as the market appears to seek direction or test levels it hasn’t seen for over a year. The International Energy Agency (IEA) noted that Chinas reopening after Covid lockdown may push oil demand to new highs this year. We could also see LNG…

Prices showed some upside yesterday, but not enough to rise beyond Mondays bearish session. No major news to drive the sentiment, perhaps a floor being tested in the market – which is largely expected. Europe now sits rather comfortable in its rest of winter outlook compared to the ‘what if’ scenarios…

Markets continued to enjoy yet another bearish session yesterday. The long-awaited restart of Freeport LNG may be another few weeks as several sources were quoted yesterday of the expected imminent start to be pushed back into February. It’s unclear how much impact this will have on the market (if any), as Europe…