Rebecca Cullen

Gas Market On Friday, the UK gas market showed relatively subdued activity, but contracts managed to end the week with gains. Notably, the recurring trend of risk premiums gradually accumulating at the front of the curve persisted, with the front-month contract climbing by 2.87p to settle at 82.14 pence per therm. Meanwhile, the Winter 23 […]

Gas Market On Monday, the UK gas market witnessed the unwinding of risk premium, primarily impacting near term contracts, which contracts further along the curve appeared more resilient to the downward pressure. The front month contract Oct-23 lost 5.51p to settle at 81.25 pence per therm while Winter-23 shed 3.82p to end the day at […]

Gas Market The UK gas market displayed stability on Friday, with NBP contracts trading within a narrow range compared to the previous session. The front month contract October saw a marginal gain of 1.03p, settling at 86.76p, while the Winter 23 contract closed 0.13p higher at 124.55 pence per therm. One of the key focal […]

Gas Market The risk premium that had been present in the UK gas market saw a decline during yesterday’s session, with the remaining months of the year loosing 9.89p on average. This decline not only erased the gains achieved in the previous three sessions but also resulted in the majority of contracts shifting into negative […]

Gas Market The UK gas markets settled higher for the third day in a row but gains yesterday were marginal and NBP futures are still on course to post a loss for the week.  The market opened softer but early losses were reversed over the course of the session as Norwegian outages raised concerns of […]

Gas Market NBP futures settled marginally higher on Tuesday after markets were closed on Monday for the UK bank holiday when news broke that Chevron’s two major liquefied natural gas (LNG) production facilities in Australia could face daily work stoppages of up to 10 hours next week. Chevron’s Gorgan and Wheatstone projects account for more […]

Yesterday in summary Yesterday, the UK gas and power markets were closed due to a Bank Holiday. Across the channel, the Dutch TTF market displayed limited price movement, as the front of the curve edged 2.34p per therm higher on average. European carbon markets struggled to rebound yesterday, following a sharp downward correction last week. […]

Gas Market The week ended with more volatility for the NBP futures market with Norwegian outages limiting gas flows while potential strike action by Australian LNG workers also adding some upside.  Gas flows to the UK through the Langeled feeder were down to just a trickle on Friday as the scheduled maintenance works continued at […]

Gas Market Persistent volatility defined European gas markets for the second consecutive session yesterday. Efforts were made within the market to restore stability through the release of risk premium across the curve. This strategic move was underpinned by the optimistic outlook surrounding the potential resolution of labour strike concerns at Western Australian LNG facilities. While […]

Gas Market NBP futures released premium gained from the two previous sessions on Wednesday as the market awaited news on the talks between Woodside Energy and unions to avoid strikes at Australia’s largest LNG facility over wages and conditions. There was a sharp downturn in prices in the morning session as Australian media cited a […]