Rebecca Cullen

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 […]

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 […]