Gas prices trended lower over the course of the day UK NBP gas contracts made a valiant attempt to recover recently lost premium as prices firmed on opening. Early gains on contracts of 8.00p on contracts out to Winter 2022 were not sustained as prices trended lower over the course of the day. While all […]
Rebecca Cullen
The gas markets have opened firmer this morning
NBP futures contracts out to the winter continued to ease lower on Monday NBP futures contracts out to the winter continued to ease lower on Monday with the front month posting a loss of 15.53p to close at 213.01p, the lowest for the contract since before the Russian invasion of the Ukraine. Contracts past the […]
Brent settled higher on Friday snapping a run of three declines
Russian coal is to be banned and this offered support to energy prices With the latest round of sanctions getting approval from the EU this week, Russian coal is to be banned and this offered support to energy prices across Europe on Friday. NBP futures at the front of the curve traded higher in the […]
Gas market appears to be responding to a vote in the EU parliament
UK gas fundamentals remained broadly positive yesterday UK gas fundamentals remained broadly positive yesterday and the gas market was happy to release a modest amount of premium. Contracts opened weaker and extended losses over the course of the day. Trading was brisk at the front on the curve and for the most part bid/offer spreads […]
The gas market quickly recovered lost premium yesterday
Gas prices oscillated between gains and losses The opening trade for the May contract of 213.30p, down by 29.00p, proved it be a false dawn as the market quickly recovered the lost premium. The front month May contract briefly peaked at 252.50p but this increase was short lived, and the market traded in a narrow […]
Crude oil markets early gains on Tuesday were reversed in a volatile session
Near curve contracts on the NBP settled lower for a third straight day Near curve contracts on the NBP settled lower for a third straight day on Tuesday while futures from the winter out closed a touch higher. The May contract eased by 1.82p yesterday bringing the decline for the last three days to 57.08p. […]
Gas contracts traded below Fridays close for much of the session
The near curve on the NBP opened the week stronger The near curve on the NBP opened the week stronger but the gains were not sustained, and contracts reversed the morning premium and traded below Fridays close for much of the session. The front month, May, settled at 244.06p, down 13.26p posting the greatest loss […]
A sell off on gas contract fed directly into the power curve
The UK gas market corrected significantly lower The UK gas market corrected significantly lower during trading on Friday even though Russia’s threat to shut off supplies was still pending. The UK NBP shed 40.00 in a sell off that began in mid-afternoon. Gas flows from Russia into Western Europe continued through two of the three […]
The gas market experienced another volatile day of trading
Early price pressure saw contracts extend gains The final settlement price on the UK gas market yesterday did not tell the full story of the NBP curve in what was another volatile day of trading. Early price pressure saw contracts extend gains for a fourth session in a row. The April contract settled for the […]
Gas futures have flipped between losses and gains in early exchanges
German Economy Minister issued an early warning of possible gas supply rationing The German Economy Minister issued an early warning of possible gas supply rationing for the country yesterday which prompted gas prices across Europe to open stronger. Germany is one of the many EU nations in dispute with Russia after Moscow looked for payment […]
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