Wendesday 06 September 2017
An early surplus on the UK gas system was gradually eroded over the course of the trading day
yesterday as Norwegian deliveries to St. Fergus decreased but Langeled flows to Easington stepped up to 50MCM. The spot and day ahead prices at the NBP were little changed day-on-day while the week ahead and balance-of-month contracts both eased by 0.35p. Apart from the front month, gas futures gained with support from a surge in EU emissions prices. Brent crude settled at a 5 month high of $54.20 a barrel on Wednesday.