Rebecca Cullen

Gas Market There was a mixed sentiment in the UK NBP gas market yesterday, with the near curve regaining some of the lost premium over the last week, while further out the curve was relatively flat. The front months and prompt prices were boosted by news of additional unplanned maintenance at the Norwegian Troll field, […]

Gas Market After opening in positive territory, NBP futures reversed direction and continued the recent downward trend, recording the fourth day of losses out of five due to healthy near-term fundamentals. Three LNG cargoes are due in the UK in the next week while wind generation is forecasted to exceed average levels for the next […]

Gas Market The UK gas market witnessed a turnaround during Monday’s session, initially heading towards another day of losses but later experiencing a shift in sentiment, resulting in a modest bounce in prices by late afternoon. Despite healthy near-term fundamentals, the market seemed to overlook them once again, as the Sep-23 contract which gained front […]

Gas Market On Friday we witnessed the near NBP futures market fall for a third day running as the August fell by 6.36p to close at 63.66p on its final day of trading on ICE. The front season, Winter-23 shed 5.59p to settled at 117.49p and over the week was 8.38p down. Contracts further out […]

Gas Market The energy markets across Europe continued to ease on Thursday with forecast for cooler temperatures expected to reduce cooling demand while restocking storage gas remains ahead of schedule.  Meanwhile in the UK, higher wind generation is expected for the next couple of weeks and is likely to dent the demand for gas fired […]

Gas Market NBP futures eased as risk premium eroded on Wednesday, cancelling out most of the gains seen earlier in the week as fundamentals remain strong with storage levels above 80% fullness, robust Norwegian flows into the UK and LNG deliveries expected to increase over the next two weeks. The front of the curve took […]

Gas Market UK gas prices extended their upward trajectory for the second consecutive session yesterday, with gains primarily observed at the front of the curve. Interestingly, the market seemed to disregard robust near-term fundamentals, despite Norwegian gas production reaching a nearly four-month high and European storage levels now above 80% fullness, ahead of its target. […]

Gas Market During the early hours of trading yesterday, the UK gas market saw limited movement, however as the day progressed contracts gained momentum and pushed higher. A recurring pattern emerged, indicating a clear build-up of risk premium primarily concentrated at the front of the curve, with the Aug-23 contract gaining 6.01p to settle at […]

Gas Market Friday’s session in the UK gas market commenced with a notable upward trajectory, signalling strong buying activity. However, as the day unfolded, the intraday gains gradually faded, and contracts along the curve underwent a reversal and eventually erased their early gains. The Winter 23 contract peak at 132.50p per therm, only to retreat […]

Gas Market Yesterday’s NBP gas market saw prices settle marginally higher for the third consecutive session. However, the market remained uncertain as contracts fluctuated between negative and positive territory throughout the day, reflecting the ongoing uncertainty in its overall direction. Notably, the seasonal contract for 2024 experienced the brunt of the upward push, with the […]