Rebecca Cullen

UK gas futures contracts retreated yesterday UK gas futures contracts retreated yesterday as prices softened across the curve. The front month of January experienced a decline of 16.43p to finish the day at 324.89p a therm, while further out the Summer 2023 contract shed 17.85p to settle at 317.67p a therm. The system remained undersupplied […]

 UK gas markets yesterday saw near term futures move marginally higher A mixed day on the UK gas markets yesterday saw near term futures move marginally higher after three consecutive days of losses, while further out, minor declines continued. Overall movements up or down were slight with contracts for the front month of January adding […]

NBP near curve contracts settle lower For the third consecutive session, NBP near curve contracts settle lower. However, losses were marginally in comparison to recent market trends, with the front month January settling 6.86p lower at 339.05 pence per therm. Contracts for 2023 delivery settled 4.07p lower on average despite yesterday’s joint press conference with […]

Market opened in a subdued manner on Friday Following Thursday’s losses on the near curve, the market opened in a subdued manner on Friday morning, down marginally form the previous day’s close. The volatility that has become an ever present in the market was clear again on Friday as intraday trading saw prices climb as […]

Prices slumped later in the session yesterday Early indications of another upward run in NBP gas futures contracts proved to be premature as prices slumped later in the session yesterday. Contracts for the front month of January traded as high as 396.52p before the late sell off saw prices fall 24.90p settling at 349.59p a […]

NBP markets pushed higher for a second consecutive session NBP markets pushed higher for a second consecutive session yesterday with prices rising across the curve. A combination of temperatures and wind generation both significantly below seasonal averages have helped to drive prices higher, particularly with respect to the prompt and near-curve contracts. Adding further pressure, […]

The cooler temperatures pushed GB gas demand The cooler temperatures pushed GB gas demand above 355MCM yesterday, and gas prices on the NBP prompt and near curve crept higher.  Lower wind generation also added to gas demand on the day and having opened with a surplus the gas system struggled to remain in balance and […]

The volatility in the UK gas markets continued The volatility in the UK gas markets continued on Monday with near curve contracts opening firmer before closing marginally down on the day.  The front month January peaked at 357.00p, which was over 20.00p up on Fridays close as the market reacted to gains on the prompt.  […]

UK gas market continued to soften on Friday UK gas market continued to soften on Friday with near futures contracts taking the brunt of the downward momentum. On the prompt, the impending cold weather outlook did little to impact the market, which provided an element of market confidence as winter progresses. The front month contract […]

UK gas future contracts slump after a morning spike UK gas future contracts slump after a morning spike during yesterday’s session. In the early hours of trading the market showed clear signals of upward trajectory with Q1-23 peaking at 404.73p per therm. However, momentum shifted in the afternoon and Q1-23 eventually settled at 347.91p, down […]