Rebecca Cullen

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 […]

Final trading session for 2022 saw NBP gas prices retreat The final trading session for 2022 saw NBP gas prices retreat across the curve with the greatest decline observed for the front month. Contracts for a February delivery shed 23.99p to settle at 186.05p a therm while the upcoming Summer 2023 contract fell 18.79p to […]

The NBP curve finally edged higher on Thursday After a run of seven days of declines gas prices on the NBP curve finally edged higher on Thursday but earlier gains were partially reversed late in the session.  A combination of a short gas system and increased buying activity on the front month contract dragged the […]

Prompt prices also finished lower The GB gas markets opened softer after the Christmas break with near NBP contracts losing as much as 18.00p in the first hour of trading.   Losses were pared back over the morning, and it looked as though prices could turn positive after the GB gas system flipped from running long […]

The UK gas system remained short The UK gas system remained short for much of the truncated trading session on Friday but that didn’t prevent a significant decline in prompt and near curve futures on the NBP.  Prompt prices settled well down with the day ahead closing near 160.00p while the spot shed around 25.00p.  […]

UK gas prices continued to unravel on Thursday UK gas prices continued to unravel on Thursday, however losses were marginal compared to the previous session. The selloff seen in recent days was maintained across curve ahead of the Christmas break, with the front month contract January dipping to a low of 226.41p per therm before  […]

 The recent bearish run remained intact The recent bearish run remained intact during yesterday session, as UK gas future contracts continued to release heavy risk premium from the front. Wednesday’s losses marked the fourth session in a row where NBP contracts finished the session lower as we edge closer to the end of 2022. The […]