Gas Market Following Wednesday’s losses on the NBP curve, prices recovered somewhat in yesterday’s session, though the gains were modest. Market fundamentals were largely unchanged day-on-day, with Ukraine peace talks ongoing and supply conditions remaining strong. As a result, the front month contract settled just 0.76p higher day-on-day to close at 70.46p per therm. Further […]
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Subdued gas demand due to mild temperatures and high wind generation weighed on gas prices on Wednesday
Gas Market Tuesdays gains were reversed and some on Wednesday as the market responded to the latest weather forecasts for mild temperatures to remain until the Christmas holidays. Ample LNG supplies have also pressured the near curve as deliveries to the UK continue to land this week. Meanwhile discussions for peace between Russia and Ukraine […]
A late-session selloff pushed prices to their intraday lows just before the close, as the possibility of a peace deal continued to weigh on the market.
Gas Market After Monday’s decline and a series of contracts hitting fresh 20-month lows, Tuesday’s session saw increased buying interest as participants moved to shore up positions. Consequently, all contracts out to Winter-27 posted day-on-day gains, with the strongest moves on the near curve. The front-month January-26 contract rose 1.76p/th – its largest gain in […]
Movement was mixed across the NBP curve on Monday, with the mornings’ gains easing off in the afternoon to give way to losses by the close.
Gas Market Movement was mixed across the NBP curve on Monday, with the mornings’ gains easing off in the afternoon to give way to losses by the close. Ongoing Ukraine peace talks, coupled with a healthy supply outlook continued to weigh on prices, with the front month contract falling by 0.42p while the February 26 […]
Expectations of a U.S. interest rate cut provided support to crude oil prices on Friday
Gas Market NBP futures opened softer on Friday but quickly changed tack following reports of a short gas system and rising prompt. The GB gas system remained under pressure all day and was still 3mcm short at the market close. The Spot ended the day just over a penny higher while the Day ahead product […]
Mild Weather and Soft Demand Push NBP Gas Contracts Lower
Gas Market NBP gas prices extended their recent losses on Thursday, with mild weather continuing to weigh on demand forecasts. The front-month January contract fell 3.31p to settle at 70.03p/therm, while the Summer-26 contract declined by 2.16p to a new 22-month low of 64.57p/therm. Temperatures in the UK are forecast to rise sharply over the […]
The energy markets were broadly flat on Wednesday as progress in the peace talks appeared to have stalled
Gas Market The energy markets in Europe opened the week softer after reports of progress in the peace talks at the weekend. The U.S. Secretary of State, Marco Rubio, said talks with Ukraine on the 28-point peace plan have gained momentum, but the details released were still minimal. Zelensky stated that it’s a critical moment […]
A late-session selloff pushed prices to their intraday lows just before the close, as the possibility of a peace deal continued to weigh on the market.
Gas Market The NBP gas market extended its decline on Tuesday, though prices recovered from their intra-day lows. Q1-26 traded down to 70.89p/th, a drop of 1.79p, as hopes for progress on a potential Russia–Ukraine peace agreement grew ahead of talks in Moscow between senior U.S. diplomats and President Putin. However, speaking ahead of the […]
Energy markets slide as Ukraine peace talks and strong supply weigh on gas and power
Gas Market The NBP gas market extended its recent run of losses on Monday as traders continued to price in mild conditions and a comfortable supply outlook, with ongoing Russia–Ukraine peace negotiations adding a bearish geopolitical tone. Attention is now turning to President Putin’s meeting with US special envoy Steve Witkoff in Moscow on Tuesday […]
An easing of geopolitical and winter supply risk weighed on the NBP gas curve on Friday
Gas Market After showing signs of a modest recovery on Friday morning, the NBP curve retreated back into negative territory before the close. As risk premium related to the Russia-Ukraine conflict continued to dissipate as talks continued to progress, the near months shed an average of 5.7%, or 4.48p per therm, week-on-week. A growing level […]
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