Crude oil prices reached two month high

UK gas market continued to soften on Thursday UK gas market continued to soften on Thursday with losses evident in both NBP prompt and curve contracts. The day ahead contract shed 2.95 pence during the session to settle at 90.05p despite demand remaining above seasonal norm at 209MCM. Yesterday’s downward trend in the prompt filtered […]

Near gas futures settled higher as the market reacted to gains in Asian LNG prices

 Near gas futures settled an average of 11.40p higher Near gas futures settled an average of 11.40p higher on Wednesday as the market reacted to gains in Asian LNG prices.  With Shanghai coming out of lockdown demand for LNG is expected to increase and this has propped up LNG prices in Asia.  Near prompt prices […]

Carbon EUAs settled almost 4.0% higher

Natural gas futures opened stronger yesterday Natural gas futures opened stronger yesterday and gains were extended through the morning session before being pared back before the market closed.  The market had declined in the three sessions previously as June, the front month shed 46.95p over those three days.  At the close, June settled 1.64p higher […]

UK gas market extended losses for the third session in a row

 Contracts at the front of the curve suffering the biggest losses The UK gas market extended losses for the third session in a row with contracts at the front of the curve suffering the biggest losses.  Summer delivering contracts took the main brunt of the downward pressure as prices from June to September declined by […]

The UK NBP market took a significant turn lower during Friday’s session

 The falls on the gas futures market came about despite a recovery in prompt prices The UK NBP market took a significant turn lower during Friday’s session and the gains posted in the first two session of the week were totally reversed. The falls on the gas futures market came about despite a recovery in […]

A weakened US dollar helped lift the oil market

NBP future market opened weaker on Thursday NBP future market opened weaker on Thursday and continued to release premium throughout the session. An LNG supply glut pressured near curve contracts, leading to a 13.34p loss on the front month which settled at 168.74p per therm, its lowest price of the current week so far.  The […]

EUA futures have continued from yesterday’s decline

Spot prices slumped during the opening hours The UK gas curve market continued its upward movement on Wednesday morning; however, the uptick was small compared to the previous session. The remaining summer months gained 1.12p per therm on average while Winter-22 settled at 247.49p, up 1.19p per therm. Strong LNG supplies led to near curve […]

EUA carbon contracts posted strong gains

Prompt gas prices eased over the course of the day Prompt gas prices eased over the course of the day yesterday with both the spot and day ahead contract settling at 84.01p and 82.50p down by 6.04p and 7.55p, respectively. The premium between the gas prompt and futures market increased as for the second consecutive […]

Chinese demand concerns continued to drive the oil market

UK gas prompt prices regained the majority of the premium lost over the last two-weeks UK gas prompt prices regained the majority of the premium lost over the last two-weeks during Monday’s session, as the day ahead hit an intraday high of 100.00p before closing at 90.05p per therm. An unplanned outage at Norway’s Kollsnes […]

NBP near curve is gaining momentum this morning

Future gas prices eased on Friday Gas futures on the NBP eased on Friday as most of the previous session’s gains were reversed over the day.  The summer months opened with losses of up to 20.00p per therm and these contracts continued to shed premium through the session with the June contract settling 27.10p down […]