Rebecca Cullen

The near curve contracts fell The unseasonably mild weather across Europe has curtailed gas demand in recent weeks leaving the continent better supplied heading into the winter.  LNG deliveries have also ramped up and this could see the new front month for the NBP, December, come under pressure.  The near curve contracts fell by an […]

Strong buying activity supports far curve contracts UK gas near curve contracts sustained their upward momentum during Friday’s session, in particular the November front month contract which settled at a two week high during its final day of trading  at 246.43p, as the return of Rough Storage injection volumes fed into the market. Further along […]

 NBP gas market reversed the trend of the previous 4 sessions The NBP gas market reversed the trend of the previous 4 sessions posting gains across much of the curve yesterday. The UK system remained undersupplied throughout the day, as Langeled flows were reduced, and domestic production restricted by maintenance at the Teesside Cats facility. […]

 Numerous unplanned outages supported NBP prompt contracts UK gas futures continued to push lower during yesterday’s session despite slight gains in the front month. The recent downward sentiment has found support in healthy near-term fundamentals, nonetheless UK gas future contracts remain elevated when compared to historical prices, as a sense of uncertainty lingers in the […]

The NBP front month contract strengthened yesterday The NBP front month contract strengthened yesterday, while all remaining future gas contracts pushed lower as healthy near-term fundamentals supported the market. However, market momentum was stable when compared to recent volatile sessions. With ample supply and robust storage levels, the weather will be the key market driver […]

Sell off on the UK NBP gas market continued during the session The sell off on the UK NBP gas market continued during the session on Mondays as contracts opened weaker and then extended losses for the duration of the market.  At this stage, the gains that were posted during last Thursday’s session have been […]

Above seasonal norm temperatures pressured the prompt Having settled higher for the first time in six sessions on Thursday, the gas markets reverted to declines on Friday with near months closing lower by an average of 21.22p.  Forecasts for increased wind generation along with above seasonal norm temperatures pressured the prompt on the day despite […]

Speculation on currencies provided support to prompt and near curve gas prices A short GB gas system along with speculation on currencies ahead of the resignation of the British Prime Minister provided support to prompt and near curve gas prices yesterday.  Curtailed imports from Norway due to maintenance works combined with a lower LNG send […]

UK gas market continued to give up premium The UK gas market continued to give up premium with the gas prompt continuing to pile pressure on near term contracts.  The prompt weakness was once again evident as spot and day ahead contracts languished at sub-50.00p per therm.   On the supply side the UK market was […]

UK prompt market plummeted UK gas future contracts continued to unload risk premium for the fourth consecutive session yesterday, as selling pressure mounts for the front month contract. The November contract has lost 84.70p on average over the last five days of trading and settled at 201.50p per therm yesterday. The bearish sentiment was less […]