Gas Market A downward revision to temperatures for the start of the new year boosted the prompt and near curve on Friday. A cold front is now expected to move south over northern Europe bringing below freezing temperatures with it from the start of January. NBP futures continued to firm on the day as the […]
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On Tuesday we witnessed near NBP futures rise to almost 3.00p above Monday’s close, however, most of the gains were eroded by the close
Gas Market On Tuesday we witnessed near NBP futures rise to almost 3.00p above Monday’s close, however, most of the gains were eroded by the close. Earlier in the session, the volatility continued amid concerns over the imminent end to the Russia-Ukraine transit deal while outages at Karsto and Kollsnes added further support. The front […]
NBP Gas prices rebounded on Tuesday following three days of losses
Gas Market NBP gas prices have continued their recent rebound following last week’s decline, increasing by 13.5% since last Wednesday. Prices have been bolstered by short-term supply issues at several Norwegian processing plants. Initially, the Nyhamna plant was supporting prices until the issue there was resolved. Subsequently, the Karsto processing plant experienced an unplanned outage, […]
Friday was another volatile day on the NBP gas market, with prices opening strong in a continuation of Thursday’s upside.
Gas Market Friday was another volatile day on the NBP, with the market opening strong in a continuation of Thursday’s upside. The afternoon session saw much of the near curve edge back down below the previous settlement, only to increase again before the close. News of the final statements by Presidents of both Ukraine and […]
Near NBP futures climbed rapidly over the afternoon yesterday with January eventually settling 5.83p higher at 107.33 per therm
Gas Market After trading sideways for most of the morning NBP futures rose sharply from around midday after the Russian President remarked that there would be no transit deal through Ukraine. This was not news to the market, indeed the few countries taking Russian gas that transits through Ukraine have already put alternates in place. […]
The NBP retraced much of Tuesday’s gains on Wednesday during a choppy session.
Gas Market The NBP retraced much of Tuesday’s prompt and curve gains on Wednesday during a choppy session where the front month contract traded a range of just under 5.00p per therm. Having reached a session high of 105.48p per therm, January-25 went on to close the day at 101.50p per therm, down 2.79p day-on-day. […]
NBP Gas prices rebounded on Tuesday following three days of losses
Gas Market Gas prices rebounded on Tuesday afternoon after the front-month contract briefly dipped below 100 p/therm. The decline in near-curve contracts likely triggered buying activity as prices reached key thresholds. Adding further support, Norwegian operator Gassco reported an extension of an unplanned outage at the Nyhamna gas processing plant, reducing capacity by 30.9 mcm […]
The NBP curve edged down again on Monday, with most contracts across the curve finishing below their previous close for the fourth day in a row.
Gas Market NBP curve contracts continued to shed value for the fourth day in row on Monday. Having spent much of the session below the 100p per therm mark, the front month contract eventually settled at 100.39p per therm, down 2.61p day-on-day. Having shed 9.9% week-on-week, this was the lowest the January-25 contract has closed […]
January settled 3.18p down at 103.00p on Friday , which brought the decline for the week to almost 13.00p per therm
Gas Market After some oscillation in the early part of the session NBP futures resumed a downward trend leaving near months to close an average of 3.18p per therm lower. Recent long range weather forecasts for a mild start to 2025 have eased concerns for gas storage levels in Europe. This time last year storage […]
January, the front month for the NBP fell to a five-week low on Thursday
Gas Market Wholesale natural gas prices tumbled lower on Thursday after the latest long range weather forecast shows a relatively mild first quarter for 2025. The January contract for the NBP fell by over 4.00p per therm for the second time this week and settled at 106.18p, the lowest settlement for five weeks. Further […]
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