Rebecca Cullen

Gas Market The NBP gas futures market oscillated between gains and losses on Thursday with either side failing to gain much of an advantage and by the close the market was marginally higher.  The front month April traded between 102.69p and 111.44p before settling at 109.19p, gaining 2.89p on the day.  The seasonal contracts of […]

Gas Market On Wednesday, the momentum in the UK gas market remained weak, with prices correlating with the fundamental picture. The front month contract for April settled at 106.30p, which is the lowest price observed since December 2021. Additionally, the bellwether contract, Summer 23, closed at 109.44 pence per therm, releasing all of last Friday’s […]

Gas Market The weakening market fundamentals continued to influence prices on Tuesday. LNG deliveries are still arriving at ports across Europe, with deliveries in the UK in line with year ago levels while deliveries into Belgium are twice what they were this time last year. Storage sites across the EU are currently 56% full compared […]

Gas Market Monday saw prices along the NBP curve revert to bearish fundamentals after the market was spooked into heavy buying activity on Friday. Contracts across the curve lost value yesterday but fell shy of reverse all the risk premium built into contracts from Friday’s rally. April, the front month contract was hardest hit, shedding […]

Gas Market The European energy markets saw some volatility on Friday with prices pushing higher in all sectors.  Near NBP futures rose by over 23.00p on the day with April contract closing at 133.56p.  It is the largest one-day gain for the contract since 07-Dec-22, when April settled at 371.58p and since then gas prices […]

Gas Market The weakness in the gas market was challenged yesterday as the early losses were pared back over the morning and a late run up in prices left the near curve between 2.50p and 3.00p higher at settlement.  Near months peaked around 12.00 above Wednesday’s close with April hitting an intra-day high of 119.05p […]

Gas Market The UK NBP gas market opened firmer yesterday as contract picked up from where they have left off at the close of the previous session. Early gains were more pronounced at the front of the curve where the front month April contract was up by 4.50p per therm and the Summer 2023 contract […]

Gas Market UK gas prices rebounded into positive territory during Tuesday’s session, however gains were capped at 3.00p on average.  This small increase is not a cause for concern when compared to the high levels of volatility that the market has experienced in recent times. The front month contract April displayed the largest increase, gaining […]

Gas Market Despite the looming cold weather prompt contracts all fell on Monday as the Interconnector between the UK and Belgium unexpectedly went offline. The UK typically export gas to Europe and the equipment failure is reducing total demand and causing prices to fall. Prices on the near curve also fell influenced by the expected […]

 Gas Market Gas prices for next week made some gains in Thursday’s session due to a revised forecast of colder temperatures. Average temperatures in the UK are expected to drop by 1.5 degrees boosting gas demand for heating, pushing prices for next week up by 1.10p per therm. Gas due for delivery today and this […]