Rebecca Cullen

 Gains were pared back over the session Energy markets across Europe opened firmer on Monday as prices surged on the back of the news that Nord Stream 1 flows would not resume after maintenance works last week.  Capacity on the key gas pipeline to Europe had been ramped down to 20% after earlier maintenance in […]

UK gas prices continued to soften on Friday UK gas prices continued to soften on Friday with both prompt and future markets ended the session with substantial losses. The front month October lost 74.32 pence per therm to settle at 409.42p per therm, while the front seasonal contract Winter 22 settled at 525.33 pence, down […]

Upward momentum was evident across UK near curve gas prices Upward momentum was evident across UK near curve gas prices yesterday, bolstered by Norwegian supply fears. However further dated contracts continued their recent downward trajectory. Norwegian operator Gassco announced maintenance yesterday at numerous gas fields, causing the remaining monthly contracts of the year to gain […]

Marked declines on the UK NBP market were sustained Marked declines on the UK NBP market were sustained for a second day yesterday as concerned speculators continued exiting positions. Contracts for delivery for the front month of October shed 65.62p to settle at 458.90p a therm, but the greatest retreat was for Summer and Winter […]

NBP futures slumped by around 24% on Tuesday NBP futures slumped by around 24% on Tuesday following the bank holiday in the UK.  Market speculators scrambled to exit positions taken at record high prices last week.  September recorded the steepest loss, settling at 449.87p, down 190.49p.  October will assume front month status on ICE from […]

Dutch TTF and German THE markets tumbled yesterday The UK gas and power markets were closed for the bank holiday yesterday but energy markets across Europe were open for business and gas prices at the Dutch TTF and German THE markets tumbled yesterday.  Germany is well ahead of its target for storage gas supplies and […]

NBP futures settled higher again on Friday The overriding upward sentiment in the UK gas market continued during Friday’s session, as fears over Europe’s winter energy supply continued to spur unprecedented levels of risk premium into the gas market. The front month contract September made gains of 49.65 pence per therm to settle at 640.36p. […]

 Volatile swings were acute across the gas curve in the late afternoon UK gas forward products continued to price in an increasing amount of supply risk premium during yesterday’s session, as NBP gas contracts remained in uncharted territory. The front month contract, September smashed another record during the session, peaking at 620.48 pence per therm […]

UK gas market staged a significant recovery during trading yesterday The UK gas market staged a significant recovery during trading yesterday as prices firmed across the curve on report that the Freeport LNG terminal in Texas would not return to full production as previously planned.  Reports have emerged that the terminal which was subject to […]

Gas market was extremely slow to start trading yesterday Following the unprecedented gains in the previous session the gas market was extremely slow to start trading yesterday.  Precious few trades went through in the first part of the session as it appeared that participants were taking stock of the huge premiums in forward positions.  The […]