Significant fall in gas futures on the NBP curve on Thursday There was a significant fall in gas futures on the NBP curve on Thursday as summer months declined by an average of 33.00p. While the threat of Russia cutting more gas supplies remains, LNG shipments to Europe have increased this year and could possibly […]
Rebecca Cullen
Mixed movement was evident across the energy market yesterday
GB gas futures market opened softer on Wednesday The GB gas futures market opened softer on Wednesday shrugging off the threat of Russia cutting supplies in Poland and Bulgaria as the front months traded lower by between 5.00p and 10.00p. However, concerns grew over the session and the market reversed tack and losses were pared […]
Reports emerged that Russia had halted deliveries of natural gas to Poland
Gas market was well set to extend losses for a third session in a row before a volatile half hour The UK gas market was well set to extend losses for a third session in a row before a volatile half hour at the end of the session saw contracts out to winter 2022 add […]
The UK NBP gas curve is in retreat once again this morning
UK gas futures extended losses for the second session in a row UK gas futures extended losses for the second session in a row with contracts for Summer delivering periods coming under significant pressure especially in the final hour of the session. Early weakness in the market was apparent as contracts opened down by between […]
Friday turned in another volatile day of trading for natural gas
Prompt prices settled lower on the day Friday turned in another volatile day of trading for natural gas futures on the NBP curve. The uncertainty in the market showed early in the morning after prices eased back having opened over 10.00p stronger and the near curve continued to trade back and forth until late in […]
Carbon EUAs surrendered most of the early losses
NBP futures settled close to the mid-point of the trading range yesterday NBP futures settled close to the mid-point of the trading range yesterday as the May and June contracts closed almost 11.00p higher at 188.87p and 213.13p respectively. While planned maintenance works has curbed Norwegian imports, news of an unplanned outage at Kollsnes supported […]
Volatility in the energy markets was evident once again yesterday
NBP near futures made wide swings in reaction to a surge in carbon EUAs on the day The volatility in the energy markets was evident once again on Wednesday as the NBP near futures made wide swings in reaction to a surge in carbon EUAs on the day. An element of last-minute compliance buying for […]
A fall in UK carbon prices pressured contracts further along the curve
Tuesday turned in a choppy day of trading Tuesday turned in a choppy day of trading for the near curve on the NBP after reports of reduced gas flows at the Velke Kapusany point, a delivery point for Russian gas to Slovakia, but futures settled lower for the most part. Contracts at the front of […]
The crude oil markets have opened lower
Prompt products on the NBP crashed on Thursday Prompt products on the NBP crashed on Thursday in response to expected low demand for the next week or two. Temperatures for the remainder of April are expected to be close to the norm or better while forecasts are now higher than expected for wind generation. Meanwhile […]
Crude oil markets surged further ahead during Wednesday’s session
The front two months gas contracts oscillated between gains and losses The front two months gas contracts oscillated between gains and losses over the course of the session on Wednesday. At market settlement both contracts were marked up by 1.94p & 1.25p respectively. A short-term outage in Norway gave the front of the curve some […]
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