Rebecca Cullen

 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.  […]

Near curve contracts on the NBP tried to push higher Near curve contracts on the NBP tried to push higher on Monday but failed to gain momentum after opening with modest increases and a late slide saw February and March settle marginally lower.  The front months traded up to 8.00p above Friday’s close at stages […]

UK gas market experienced a mixed session on Friday The UK gas market experienced a mixed session on Friday as prices across the curve opened lower, however near curve contracts struggled to hold onto the downward pressure and ultimately settled marginally higher. The NBP front month contract dipped to a low of 134.00 pence per […]

UK gas market appeared firm in the early hours of trading yesterday  Sentiment in the UK gas market appeared firm in the early hours of trading yesterday, however as the day progressed the market lost grip of its gains and eventually settled lower on the day. NBP front month gas contract settled just shy of […]

NBP prices continued their recent slide NBP prices continued their recent slide, but at a much slower pace. Having lost circa 19.00p per therm a contract across the near curve, yesterday saw more modest losses of almost 5.00p across contracts as far out as Winter-23. Prompt market also saw minimal losses with day ahead closing […]

NBP prices retreated significantly on Tuesday NBP prices retreated significantly on Tuesday, removing some of the recently made gains. The low wind generation, 20.00% below seasonal averages, recorded over recent days is expected to end over the remainder of the week, with forecasts for next week showing generation beyond normal levels. This should reduce the […]

The UK gas market reversed direction yesterday The UK gas market reversed direction yesterday to record nominal losses during Monday’s session. Despite British temperatures and wind power generation both projected to remain below seasonal normal levels for the remainder of the week, heathy storage levels prevented an uptick in prices. Unplanned outages at the Norwegian […]