Rebecca Cullen

Ample storage levels and continued healthy LNG deliveries prevented a rally in gas prices Despite temperatures declining to below normal levels, raising the demand for gas for heating, Monday saw another session with NBP prices retreating significantly. Ample storage levels and continued healthy LNG deliveries prevented a rally in gas prices in the face of […]

Near months are close to thirteen-month lows Near futures on the NBP curve reversed the gains from the previous session on Friday as February settled at 162.54p.  Near months are close to thirteen-month lows and have shed between 7.50p and 14.40p over the week as the high levels of storage gas and robust LNG deliveries […]

Prompt prices climbed on the day After two days of declines near curve contracts on the NBP recovered some of the losses on Thursday.  Prompt prices climbed on the day too, boosted by a short gas system although demand levels have been steady at between 250 and 260MCM much of the week.  The spot and […]

Prices continued to ease for a second day on Wednesday Prices continued to ease for a second day on Wednesday, with a focus on near-curve contracts. Once again, the contributing fundamentals included the healthy levels of LNG being delivered to British terminals while the unseasonably mild temperatures are gradually forecast to fall over the coming […]

Tuesday signalled a reversal of sentiment as prices retraced Following an uptick in NBP prices on Monday, Tuesday signalled a reversal of sentiment as prices retraced the gains of the previous day. The UK received a total of 81 deliveries of LNG in Q4 2022, almost double the number received during the same period for […]

 Near curve contracts reversed the losses from Friday Signs that the gas supply demand balance in the UK is tightening provided support to the NBP prompt and near curve on Monday.  The day ahead settled 12.55p up with news that domestic demand was up over 20.0% on Monday.  Near curve contracts reversed the losses from […]

NBP futures settle lower after a choppy session on Friday It was a choppy session in the GB gas markets on Friday with prices flipping between losses and gains before the curve settled lower while the prompt ended the day a touch higher.  Temperatures are expected to drop closer to normal in the week ahead […]

NBP futures settled higher on Thursday NBP futures settled higher on Thursday, the first time after three sessions of heavy declines.  Gas prices have been in decline since the 07-December, near the end of the first cold snap of this winter.  Temperatures across northern Europe have generally been above the seasonal norm since then, helping […]

Declines in the NBP gas markets continued The declines in the NBP gas markets continued for a third consecutive day on Wednesday, with prices retreating across the curve. Once again, high levels of LNG deliveries forecast for the UK market have maintained pressure on near-curve contracts. February the front month ended the session down 18.10p […]

Fundamentals driving prices lower last week continued As NBP gas markets opened for the first trading session of the new year, the fundamentals driving prices lower last week continued. The exceptionally high level of LNG being delivered to the UK and Europe continues to provide downward pressure on near-curve contracts. Data for December shows that […]