Rebecca Cullen

Gas prices across Europe surged on opening yesterday Gas prices across Europe surged on opening yesterday after the announcement that Nord Stream 1 is to close for three days from 31 August for maintenance according to Gazprom.  Russian gas supplies through the pipeline were already down at 20% of capacity and risk premium was well […]

NBP futures settled higher again on Friday There was no change in market sentiment on Friday and NBP futures settled higher again with outages on Norwegian feeds adding to supply concerns.  The front month settled almost 5.00p higher on Friday but after a bullish week in the market it was 65.00p up.  The winter contact […]

Ongoing supply concerns pushed curve products to record highs UK gas prices opened higher during yesterday’s session and sustained the upward trajectory throughout the day, as ongoing supply concerns pushed curve products to record highs. Winter-22 gained 32.18p to settle at 591.75 pence per therm while Summer-23 ended the day at 520.86p, an increase of […]

 A volatile session saw the UK NBP market remain flat for the September A volatile session saw the UK NBP market remain flat for the September and Winter 2022 contracts while extending moderate gains elsewhere on the curve. UK demand for gas settled at 46 MCM yesterday, above the seasonal normal and boosting NBP prompt […]

UK gas futures closed higher for the second consecutive session UK gas futures closed higher for the second consecutive session on Tuesday, despite a late selloff. September the front month hit an intraday high of 508.00p before falling back to settle at 442.34 pence per therm, up 19.59p from the previous session. Contracts for the […]

 Six LNG deliveries are expected to berth at UK terminals by month end Following a slight decline on Friday, a late surge saw the UK gas market post extensive gains right across the curve yesterday. Gains of roughly 6.50% were observed for the remainder of the year with the front month of September rising by […]

 After a bullish week for UK natural gas futures, the NBP curve eased After a bullish week for UK natural gas futures, the NBP curve eased on Friday.  Seasonal contracts had posted record high after record high earlier in the week but were down by around 10.00p early on Friday.  However, the supply concerns have […]

Supply concerns fed into NBP far curve contracts UK gas future prices continued to build in risk premium yesterday, particularly in the early hours of trading, before eroding slight from the front. September hit an intraday high of 422.05 pence per therm before scaling back to close at 401.65p up 11.83 pence from the previous […]

UK gas prompt prices moved in the opposite direction NBP futures edged higher once again yesterday, as the market remains extremely sensitive to further supply disruptions. Contracts for gas delivery in the remaining months of 2022 took the main brunt of the upward momentum, with September the front month gaining 32.58p to settle at 389.82 […]

Early losses to near NBP futures were reversed later The early losses to near NBP futures were reversed later in the session yesterday as the market changed tack on supply concerns. September had traded down by over 14.00p but settled at 357.24, 2.10p higher.  Contracts further along the curve notably the summer 2023 and winter […]