Rebecca Cullen

NBP prompt prices posted gains during Tuesday’s session NBP prompt prices posted gains during Tuesday’s session on the back of stronger than expected demand. The UK system demand was at 214mcm, significantly higher than the seasonal average of 171mcm, as a result Within day settled up 15.00p at 160.05 pence per therm while Day ahead […]

Early gains to the prompt and near curve for the NBP were reversed Early gains to the prompt and near curve for the NBP were reversed early Monday afternoon following news of an unplanned outage at the Ormen Lange Field. The outage at Ormen Lange could curb Norwegian imports by up to 13MCM until the […]

Gas prices were weaker when the market opened Gas price volatility remained a feature during the market on Friday with contracts correcting lower following the previous session’s gains.  Gas prices were weaker when the market opened, and near-term contracts extended losses throughout the session.  The front month July contract fell by over 17.00p as it […]

The UK NBP gas market pushed higher in the session yesterday The UK NBP gas market pushed higher in the session yesterday as doubts about Russian gas supplies fuelled sentiment. Prices rose across the board, with the Winter 2022 contract leading the way, gaining 16.70p to finish at 341.11p. Further out, the Summer 2023 contract […]

The UK gas market yesterday experienced another session of volatile trading The UK gas market yesterday experienced another session of volatile trading with wild intra-day swings. Initial gains for the remaining summer months 2022 as well as 2023 were eroded and by the end of play summer prices had retreated from earlier highs. In contrast, […]

The UK NBP market gained in the session yesterday The UK NBP market gained in the session yesterday amid erratic movements in trading throughout the day. Prices pushed higher across the board with seasonal increases of the order of 3.41% out to Winter 2025. The front months, July and August experienced gains of 5.02p and […]

The prompt also settled higher yesterday The front month of the NBP curve relinquished the gains from the morning session on Monday, however, contracts from the winter out remained higher on the day.  Russian gas supply concerns drove European gas prices higher yesterday and all near contracts on the NBP curve, apart from July and […]

UK gas market extended losses for the second day in a row The UK gas market extended losses for the second day in a row as contracts gave up more of the premium that had been added earlier in the week. There was not one single factor which caused the selloff, but it was clear […]

The UK gas market experienced another extraordinary day The UK gas market experienced another extraordinary day with prices surging higher for much of the session as huge amounts of premium built up in forward contracts. The market continued to react to numerous supply risks. Gazprom indicated that flows via Nord Stream 1 could fall to […]

The UK NBP extended significant gains The UK NBP extended significant gains for third session out of the last four as new supply developments increased the risk for future gas supply.  The market continues to digest the news that the Freeport LNG terminal will not return to full capacity for three months and the reduction […]