Rebecca Cullen

UK gas prices maintained their downward trajectory yesterday UK gas prices maintained their downward trajectory yesterday, despite low liquid on the market due to the UK Bank Holiday. For the third consecutive session the front month contract released risk premium and eventually settled at 282.41p per therm its lowest level since late March.  Winter 22 […]

October displayed the strongest sell off during the session Friday saw the UK gas market finish the week on a bearish note, as considerable risk premium fell out of NBP near curve contracts.  The front month contract October displayed the strongest sell off during the session, with the product eventually closing at 290.81p, down 95.74 […]

UK gas market experienced huge volatility The UK gas market experienced huge volatility during the session on Thursday as prices opened with significant premium added. It was apparent the market believed that the much-vaunted EU intervention in European energy markets was not going to have a major impact, especially in the absence of a price […]

The front of the curve came under sustained pressure The UK NBP gas market extended gains for the second session in a row as a number of supply issues provided support. An outage on the BBL restricted flow from the UK to the Netherlands although the expectation is that flows will return to normal on […]

Early losses were reversed over the morning An undersupplied GB gas system provided support to prompt and near futures on the NBP on Tuesday.  Early losses were reversed over the morning as supply concerns grew.  Planned maintenance works limited imports through the Langeled feeder to around 10MCM yesterday and while annual maintenance on the BBL […]

Decline in gas futures continued on Monday The decline in gas futures continued on Monday with near futures on the NBP shedding around 36.00p per therm on average in response to pressure ahead of possible market intervention by the EU commission.  The October contract settled at 347.56p, the lowest point since mid-July.  The front two […]

 UK gas prices lost value on Friday NBP gas contracts lost momentum on Friday, as Europe’s proposal to cap imported pipeline gas prices, introduce regulations to limited price volatility and the UK’s commitment to introduce a price cap being the key drivers of the downturn in UK gas prices. The front month contract October lost […]

 UK gas front month resists a bullish prompt market UK gas prices were on track to continue their downward trend yesterday, however in the late afternoon the market flipped, and a late surge lifted NBP gas contracts modestly higher on the day. The uncertainty surrounding Friday’s EU energy meeting to discuss the currently crises was […]

UK gas market ended the session lower on Wednesday A day of volatile trading saw UK NBP prices drop across the curve yesterday. A late rally helped curtail some of the losses, but over-all the market retreated. On the NBP, contracts for an October delivery shed 24.12p to settle at 404.06p, with Winter 22 contracts […]

There’s growing confidence that Europe can balance its needs this winter There were declines for the upcoming Winter contracts on the UK NBP market yesterday. Despite the continued curtailment of Russian flows via the Nord Stream pipeline, premium built in following Gazprom’s Friday evening announcement has waned. The prospect of operating the market without Russian […]