Rebecca Cullen

Gas Market UK gas prices settled slightly lower yesterday compared to the previous day. However, the overall calmness in the market persisted with prices showing little fluctuation. The new front month contract April climbed to 120.35p before falling back to settle at 115.54p, down 1.30p. An influx of LNG cargoes continues to add pressure to […]

UK NBP gas prices fell Monday due to revised temperature forecasts UK NBP gas prices fell Monday due to revised temperature forecasts for the rest of the week. Temperatures, although still below seasonal norms, are expected to be half a degree higher than was thought last week. The paper talk of a possible beast from […]

UK gas prices increased slightly for the third consecutive session on Friday UK gas prices increased slightly for the third consecutive session on Friday, while the market as a whole remains stable following on from the one-year anniversary of the Russian invasion of Ukraine. The front month contract March has taken the brunt of the […]

UK gas prices remained stable with little movement Yesterday, UK gas prices remained stable with little movement observed across the curve. The front-month contract for March was just short of a 1.00p increase, settling at 126.22p per therm. Meanwhile, Summer 23 settled 0.78p higher at 126.33p, a significant drop from its historical high of 726.26p […]

NBP gas prices retreated slightly yesterday NBP gas prices retreated slightly yesterday, with the market remaining cautious. The front month experienced the most significant downward pressure, shedding the previous session’s gains and settling at 129.51p, in line with pre-war levels. The front seasonal contract Summer 23 lost 5.50p and ended the day at 132.60p, down […]

From a pricing perspective yesterday say further declines. As we approach the anniversary of the Russian invasion of Ukraine, the EU’s next steps in terms of security of supply and ensuring there is sufficient gas in storage for the coming winter are taking shape. The EU’s joint purchasing natural gas platform, run by Prisma, is […]

The NBP was fairly muted yesterday Friday brings the first anniversary of the start of the Russian Ukraine war and energy prices have gone through a hell of a rollercoaster ride over the last year.  Wholesale gas prices had already started to climb well before President Putin ordered the invasion and during last summer the […]

Weak demand and ample supplies continued to pressure gas prices Weak demand and ample supplies continued to pressure gas prices in Europe and the UK on Friday.  On the NBP, prompt prices softened with the spot and day ahead closing 8.55p and 5.00p lower as both contracts settled below 120.00p. Forecasts for strong output from […]

Front month experienced the most significant downward pressure NBP gas prices retreated slightly yesterday, with the market remaining cautious. The front month experienced the most significant downward pressure, shedding the previous session’s gains and settling at 129.51p, in line with pre-war levels. The front seasonal contract Summer 23 lost 5.50p and ended the day at […]

NBP prompt edged 4.50p higher on average The GB gas system ran short on Wednesday and provided support to prompt prices on the day which also fed into near curve futures.  The system was still looking shy at the close of trading and for the first time in over a week the early gains were […]