Rebecca Cullen

For the second successive session there was a sense of calm For the second successive session there was a sense of calm on the NBP wholesale gas market as prices on the curve hovered close to Monday’s close. March, the front month, was the only contract to make a gain session on session and even […]

 UK gas market was relatively calm during yesterday’s session In contrast to the volatility that we have grown accustomed to, the UK gas market was relatively calm during yesterday’s session. The front month contract March opened at 131.30p per therm but by the end of the day, it had settled 5.57 pence lower at 128.94p. […]

GB gas futures ticked up on Friday After declining for the first four days of the week, GB gas futures ticked up on Friday with forecasts for lower wind generation hinting at stronger gas demand.  Gains to the near curve were modest on the day with March settling 2.98p up at 134.51p, but week on […]

 UK gas prices lost value for the fourth consecutive session UK gas prices lost value for the fourth consecutive session on Thursday, however the sentiment was rather muted when compared with the volatility experiences in recent times.  The front month contract March settled at 131.53p down 3.08 pence per therm on the day while the […]

The prompt responded to forecasts for temperatures to increase The gas markets across Europe and the UK shrugged off the cooler temperatures yesterday and continued to decline.  Near futures on the NBP racked up a third day of losses with contracts out to the summer shedding around 5.00p on average.  The March contract settled at […]

Continuation of the relatively the mild winter continues to keep a lid on curve prices Despite the continued outage at the Norwegian Aasta Hansteen processing plant impacting on gas flows to the UK and Europe, prices continued their recent downward trend. The drop in supply from Norway was offset by strong LNG send-out and withdrawals […]

 Any rally in prices failed to materialise Following an uptick in UK gas prices on Monday, Tuesday saw prices reverse direction to make marginal losses. An unplanned outage at the Norwegian facility of Asta Hansteen removed 5.00MCM of capacity, however with British storage currently 78.00% full, any rally in prices failed to materialise. UK temperatures […]

The largest declines were observed on the prompt Having made modest gains for two days, NBP gas contracts retreated on Thursday. Once more, overall movements were reasonably modest, with a focus on the near-curve. The US Federal Energy Regulatory Commission have approved the initial restart of operations at the Freeport LNG facility, the return of […]

 NBP gas markets extended the gains from the previous session on Wednesday NBP gas markets extended the gains from the previous session on Wednesday, with near term contracts rising by roughly 5.00%. An unplanned outage at the Norwegian facility of Kollsnes removed 13.00 MCM of supply with a total of 22.00 MCM of Norwegian capacity […]

NBP prompt prices settled higher Unplanned supply outages at Aasta Hansteen field and Kollsnes plant curbed Norwegian gas flows by up to 21MCM on Tuesday and provided support to the NBP prompt and near curve on the day.  The reports were posted early on Norwegian gas operator’s website and futures traded higher from the get-go.  […]