Rebecca Cullen

The front month set a record high on Friday The front month set a record high on Friday, closing at 460.27p as the Russian invasion of Ukraine continues to elevate energy prices.  The April contract for the NBP settled 76.22p higher on the day and exceeded the previous high for the front month by almost […]

NBP futures contracts traded in wide ranges The volatility in the gas markets that was seen earlier in the week was evident again on Thursday as NBP futures contracts traded in wide ranges through the session.  The April contract peaked at 465.92p earlier on and later traded down to 329.99p.  At the close, April settled […]

 Prices soared across all major European hubs The UK NBP gas market continued to break records as pricing surpassed previous extraordinary highs with the forward curve and prompt markets settled between 90.00p and 105.00p higher.  Prices soared across all major European hubs as the ongoing war in Ukraine caused consternation on energy markets.  The front […]

Gas market is braced for disruption Energy markets across Europe have long since decoupled from fundamental drivers and are now entirely focused on the war that Russia is waging in Ukraine.  Flows of gas from Russia to Western Europe have increased in recent days but gas market is braced for disruption and risk premium continues […]

The market had opened with sharp gains Near curve futures on the NBP settled an average of 13.50p higher on Monday as fears of supply disruptions grow as the conflict in Ukraine exacerbated.  There was no evidence of lower flows yesterday as gas flows from Russia into Europe were on a par to Friday’s levels […]

Gas prices tumbled on the day Following the Russian invasion of Ukraine, it was feared that gas flows into Europe may be curtailed but the reverse was evident on Friday with many major gas pipelines to the West recording an increase in flows.  Gas prices tumbled on the day with most of the premium that […]

UK NBP market was defined by massive intraday volatility Thursday was not only a tumultuous and difficult day for energy markets across Europe but also for the citizens of Ukraine and its environs.  All major energy hubs across Europe witnessed huge volatility and price increases as the impact of the Russian invasion of Ukraine hit […]

 The market was volatile throughout the day The UK NBP and all other major European gas hubs continued on from where they left off the previous day with strong increases on opening.  The UK market was up by 10.00p on opening and quickly added further risk premium as the implication of the escalation of tensions […]

 The energy markets opened higher The energy markets opened higher in response to reports that the Russian President ordered troops into the two breakaway regions in east Ukraine yesterday.  Near curve contracts opened with gains of up to 15.00p and these gains were extended into the session as the front month contract, March, peaked at […]

The near curve yielded the early losses and moved into positive territory Temperatures have been revised a few degrees lower for the back half of the week although wind generation is expected to remain strong for the week which should counter the extra demand and gas prices on the prompt settled mixed on Monday.  NBP […]