Latest Market Updates

DAILY MARKET REPORT – 14/02/2023 A bearish session to start the week as temperatures for the rest of February are expected to stay above seasonal normal, negating the need for aggressive storage usage which remain two-thirds full – a long term high for this time of year. China National…

DAILY MARKET REPORT – 13/02/2023 The market closed in bullish mode on Friday, but once again retained its recent trading envelope which has been maintained for 2023 so far. This comes as the colder temperatures pass and warmer than seasonal normal levels are expected for the next ten days or…

DAILY MARKET REPORT – 10/02/2023 Further downward movement from yesterdays session, albeit rather small, to stay within and around the envelope we’ve seen these past few weeks. LNG prices for Europe appear to have found their way under the Asian marker which should help with continued cargoes heading this way. This…

DAILY MARKET REPORT – 09/02/2023 Further downward movement from yesterdays session. With colder weather passing, and a warmer than seasonal normal rest of February expected, strong LNG output with Freeport LNG expected to restart any time soon and healthy European gas stocks – the market taking the opportunity to show some…

DAILY MARKET REPORT – 08/02/2023 A downward movement in the market yesterday across the board as we once again find ourselves staying the recent range found over the last couple of weeks. UK Prime Minister Rishi Sunak announced a reshuffle which will see the Department for Business, Energy and Industrial Strategy…

DAILY MARKET REPORT – 07/02/2023 Markets held relatively steady yesterday with just a small (mostly downward) movement showing on most near-term contracts with slightly larger moves along the curve. National Grid ESO looked at a third live DFS session for today which was not called for in the end, as…

DAILY MARKET REPORT – 06/02/2023 Markets closed on a bullish note to close the week as near-term cold is set to take hold for a few days. As previously noted, this passes later this week the rest of February is expected to hold above seasonal normal before dipping below again as…

DAILY MARKET REPORT – 03/02/2023 Markets showed a bearish session yesterday, after a series of small bullish ones so far this week, despite potential fears of a cold spell heading our way. ACER set the new EU LNG reference price at €55.21 on Wednesday, around €4 from where the TTF…

DAILY MARKET REPORT – 02/02/2023 A bullish session was seen yesterday as weather forecasts showed a dip in the previous views for February and into early March, allowing some concern to creep in that we may see some colder temperatures towards the end of the winter season. The US Henry…