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 […]
Rebecca Cullen
Carbon EUA’s and UKA’s all lost value on Tuesday
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 […]
Ample gas supply and mild weather has encouraged the recent downward trend.
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. […]
Carbon EUAs gained over 2.0% on Friday
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 […]
Global crude oil markets failed to hang onto their recent upward trend
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 […]
Near futures on the NBP racked up a third day of losses
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 […]
Minor outage at a North Sea oil rig also added to the supply woes
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 […]
UK gas futures markets have opened marginally lower
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 […]
NBP gas contracts retreated on Thursday
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 […]
Carbon markets have continued to rise
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 […]
Archives by Subject: