Rebecca Cullen

January assumed front month status on ICE yesterday Forecasts for increased gas demand continued to drive the NBP prompt higher on Wednesdays as the spot and day ahead products gained 19.00p.  Near curve contracts were also lifted as the GB gas system has had to employ storage gas reserves over the last few days to […]

Strong opening to near curve contracts on the NBP The strong opening to near curve contracts on the NBP was held through the day yesterday and gains to the front months were extended later in the session.  December moved 31.06p higher as traders closed out positions on the last day of trading on ICE.  The […]

 NBP prices shed some of the premium added over the previous week NBP prices shed some of the premium added over the previous week on Monday as futures prices fell across the curve. Near term however saw the front month of December firm slightly ahead of the final trading day on Tuesday. The December contract […]

The UK system remain undersupplied throughout the session on Friday UK gas markets ended the week higher on Friday after oscillating between daily gains and losses. Contracts for the front month of December slipped 3.23p to finish the day at 288.46p a therm. Further out, moderate gains were observed with the 2023 contract adding 1.22p […]

 The day ahead index for the NBP settled at its highest level for the month The day ahead index for the NBP settled at its highest level for the month yesterday as scheduled Norwegian maintenance works are expected to cut imports by 26MCM on Friday.  The spot closed 46.00p higher yesterday as the GB gas […]

Near NBP futures continued to firm Near NBP futures continued to firm on Wednesday with contracts for the remaining winter months settling an average of 21.00p higher on the day.  Prompt prices settled mixed with the spot declining by 2.00p while the day ahead product added 10.00p as both contracts settled near the 120.00p mark. […]

 The system remained under supplied throughout the session NBP gas futures surged higher towards the close of the session yesterday. Reports that the EU executive proposed a gas price cap for month ahead contracts have the potential to place additional demand on UK gas exports. Contracts for the front month of December traded as high […]

 UK gas markets experienced a day of mixed trading UK gas markets experienced a day of mixed trading yesterday as near futures contracts slipped marginally while prices firmed further out. Contracts for the front month of December shed 2.52p to settle at 268.99p a therm and Q1 23 dropped 2.20p to end the day at […]

 GB gas demand is expected to pick up this week GB gas demand is expected to pick up this week with cooler temperatures forecast for the week while lower wind generation should also increase demand. The gas system was short on Friday and this provided support to the spot which settled 42.00p higher at 110.05p […]

 GB gas markets opened softer on Thursday The GB gas markets opened softer on Thursday, but losses were eroded late in the session on speculation of a delayed restart for the Freeport LNG facility.  The front month on the NBP curve, December, opened almost 20.00p down on the previous day’s close but settled just 1.88p […]