Rebecca Cullen

Future gas prices eased on Friday Gas futures on the NBP eased on Friday as most of the previous session’s gains were reversed over the day.  The summer months opened with losses of up to 20.00p per therm and these contracts continued to shed premium through the session with the June contract settling 27.10p down […]

 Prompt prices settled mixed yesterday Russia’s decision to apply retaliatory sanctions on Gazprom’s former subsidiary, Gazprom Germania, among other international companies spooked the gas markets across Europe yesterday.  Near futures on the NBP curve opened up to 20.00p higher and gains were extended into the session.  The lead month, June, peaked at 196.85p, over 57.00p […]

Downward trajectory continued throughout the session The UK gas futures market opened softer on Wednesday, shedding late gains made in the previous session. The market appeared to reconsider the impact of Ukraine suspending the flow of Russian gas through one of its transit points. Downward trajectory continued throughout the session, with the front month eventually […]

UK gas prompt prices displayed significant weakness UK gas prompt prices displayed significant weakness during the market yesterday with spot and day ahead prices declining further to 20.00p and 38.05p, down by 23.30p and 2.00p, respectively. Lack of export capacity and a reduction gas demand has caused a huge amount of gas to become trapped […]

The gas market opened weaker once again Monday The gas market opened weaker once again Monday as war related premium continued to ease. The downward momentum was particularly evident in the June and July contracts lost 8.79p and 16.43p per therm, respectively. A selloff was also evident in Winter-22 which lost 14.21p, closing at 228.31p […]

UK gas contracts corrected significantly lower from market opening on Friday UK gas contracts corrected significantly lower from market opening on Friday, releasing premium gained recently. The NBP prompt market collapsed, with the day ahead settling at 45.05p/therm, a price not seen since June 2021. Positive market fundamentals were the key drivers for spot prices, […]

The UK NBP curve extended gains for the second session in a row with price The UK NBP curve extended gains for the second session in a row with price pressure evident from the outset. The June contract gained 7.80 pence per therm yesterday while the bellwether Winter-22 contract increased by 12.21 pence per therm […]

Upward momentum returned to the UK NBP gas market during Wednesday’s session Upward momentum returned to the UK NBP gas market during Wednesday’s session across all future periods. Winter-22 settled at 243.13p/therm up 11.75p from the previous settlement while the front month gained 3.03p/therm which was well off the traded high point of the day. […]

The front month June contract finished lower Near curve products opened the session in negative territory, with the new front month June contract opening over 9.00p per therm down before scraping back losses throughout the day. Other contracts had a similar journey as losses were pared throughout the day. Reports that the EU was on […]

All prompt products posted significant losses with weekend Following the selloff of the previous session gas markets open weaker in early trading on Friday morning. The June contract assumed front month status and was marked down by 6.00p on opening.  It was clear that the lower prices and long bank holiday weekend encouraged some bargain […]