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 […]
Rebecca Cullen
September recorded the greatest decline on the near baseload curve on Monday
The UK gas market extended losses for the remainder of 2022 For the third session in a row, the UK gas market extended losses for the remainder of 2022 yesterday. Contracts for these periods fell by an average of 3.48% with contracts for a September delivery dropping 18.49p to settle at 355.14p a therm. In […]
Oil prices are at the lowest levels observed since February
Volatile session on Friday saw the UK NBP market continue to shed some of the premium A volatile session on Friday saw the UK NBP market continue to shed some of the premium for the remainder of 2022 and further out, to extend the recent gains. Contracts for a September delivery fell by 5.54p to […]
Recession fears continue to grapple the oil market
September the front month claimed the largest increase Despite the downturn in UK gas future prices during the opening hours of trading yesterday, contracts bounced back to end the day higher as supply concerns continued to linger. September the front month claimed the largest increase, settled at 379.17 pence per therm up 8.97p from the […]
A volatile session ended with crude oil prices falling significantly
It was another volatile session for the UK gas market yesterday It was another volatile session for the UK gas market yesterday with some of the risk premium coming off the Winter 22 contract, but prices otherwise rising across the curve. Contracts for a September delivery rose 8.72p to settle at 370.20p but the Winter […]
Restrictions in Russian gas supplies to Europe continued to support energy prices
UK gas market contracts extended gains yesterday UK gas market contracts extended gains yesterday with significant upward pressure averaging to 4.58% across the curve. Contracts for a September delivery posted gains of 12.25p to settle at 361.48p but in contrast to recent activity the greatest increases were noted at the far end of the curve. […]
The UK NBP market reversed some of the recent losses
Further Russian supply interruptions via the Nord Stream 1 The UK NBP market reversed some of the recent losses posting marginal gains in a turbulent session yesterday. Further Russian supply interruptions via the Nord Stream 1 fuelled concerns surrounding the winter storage levels, with contracts for a Winter 22 delivery experiencing the greatest pressure. The […]
Near curve gas contracts have opened higher this morning
UK prompt prices slumped during Friday’s session UK prompt prices slumped during Friday’s session, after testing March high’s earlier in the week. The day ahead contract settle at 263.00p/therm, down 52.00p/therm while the spot contract ended the day in similar territory at 262.00 pence per therm, down 52.05 pence. Near curve gas prices followed a […]
Brent crude oil prices dipped across the curve yesterday
The volatility in the gas markets continued into Thursday The volatility in the gas markets continued into Thursday with early trading on the near NBP curve at or just below Wednesday’s close. The August contract drew much of the attention on the day as it was the last day of trading on the ICE trading […]
The gas market softened as the day wore on
The front month August contract surged UK NBP Gas contracts pushed higher during the early part of the session yesterday as risk premium continued to build. The prospect of a total shut down of gas supplies from Russia dominated the market with key contracts getting to levels that made prices unsustainable. Gazprom’s threat to reduce […]
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