Ample gas supply is preventing a weather based bullish run

Gas Market UK gas prices continued their downward trend on Friday, with contracts across the curve settling lower for the second consecutive session. Despite the forecast of cold weather, it seemed to have no impact on the gas market as near term fundamentals remain strong. The front season, Summer 23 settled at 115.28p, a price […]

NBP near curve contracts edge higher on the back of weather fundamentals

Gas Market Yesterday marked the end of the recent downward trend in UK gas prices, with prices edging up slightly during the first trading session of March. However, it was the contracts along the front of the curve that felt the biggest impact of this upward sentiment, with the front month gaining 3.15p and settling […]

NBP gas contracts end the week in positive territory

 NBP gas markets push higher on Friday UK gas prices ended Friday’s session with marginal gains across the curve, as contracts for 2023 edging 3.01p/th higher on average. The modest shift higher was felt across Europe with gains in the UK market mirrored in the Dutch TTF gas hub. The front month contract March ended […]

UK gas prices have opened in negative territory

 Yesterday was a day of two halves in the UK gas market Yesterday was a day of two halves in the UK gas market, with contracts opening higher from the offset before easing in the late afternoon to create wide margins between market highs and lows. The front month contract December peaked at 313.50p before […]

UK gas market opens mirroring the sentiment from yesterday

Gas futures surged higher on Monday Reversing the direction of the previous 3 days, gas futures surged higher on Monday as news that total UK demand was expected to increase by 10% to 272.00MCM due to reduced wind power generation. Further impetus to the increases came as gas imports via the Langeled pipeline were reduced, […]