Rebecca Cullen

 NBP near curve contracts ticked up on Friday After finishing fairly flat on Wednesday and Thursday, NBP near curve contracts ticked up on Friday with the February and March contracts adding an average of 16.58p.   The front season contract climbed by a similar amount to settle at 173.28p and was up almost 5.00p for the […]

 Momentum in the UK gas market was mixed yesterday Momentum in the UK gas market was mixed yesterday, with prices opening in positive territory, before reversing the previous sessions gains in the afternoon. However, in the last hours of trading the market moved once again and gains were eroded to fractional upticks. The front month […]

UK gas prices extended gains for the second consecutive session UK gas prices extended gains for the second consecutive session on Wednesday. However, prices continued to trade well below the previous price spike in December and it remains unclear on where the market will go at the point of delivery for future dated contracts. Strong […]

Wind generation output is also expected to fall to 20.00% below seasonal averages UK NBP prices reversed their recent trend yesterday with gains recorded across the curve. UK temperatures are forecast to remain under seasonal normal averages for the week before approaching normal levels next week, maintaining demand for gas for heating. Wind generation output […]

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 […]