7th June 2022 | Market Analysis

Energy Market Analysis - 07-06-2022

Close price: The markets had a late sell off yesterday to close the day, but in was mainly seen on the near curve. Growing storage levels in EU states softened near term prices. Some bullishness was seen on the far curve, with hopes of higher gas exports from Azerbaijan confirmed unattainable before 2025.

Opening price: Prices appear to be continuing the downward trend today. Helping this is easing fears of supply disruption, with most of last month’s gas deliveries paid and accounted for with Russia from Europe.