UK gas futures recorded gains for a third day in a row UK gas futures recorded gains for a third day in a row on Friday but over the week near futures were lower. The front of the curve moved around 9.50p higher on Friday as a combination of lower Russian gas flows and tensions […]
Rebecca Cullen
Brent closed at a new seven year high
There was a late tick up in near NBP futures on Thursday There was a late tick up in near NBP futures on Thursday which left contracts out to next winter 9.00p higher on average. Earlier, gas futures had reversed opening gains but then started to creep higher through the session as reports of lower […]
EUA and UKA carbon costs increased
UK gas market was once again well supplied during Wednesday The UK gas market was once again well supplied during Wednesday although demand did tick up by 10MCM from the previous day. Send out from Norwegian sources remains high although it is likely that some of this supply is transiting through the UK as exports […]
Situation in Ukraine still provided a potential upside for crude
The sell off on the UK NBP gas market continued for a second session The sell off on the UK NBP gas market continued for a second session in a row and considerable premium was driven from contracts. The market opened with contract down by 10.00p initially but this quickly grew to 20.00p as the […]
Baseload futures tumbled on Monday
Increased LNG arrivals have boosted supplies across Europe The prompt and near curve contracts on the NBP moved into reverse on Monday as the weather outlook should curb gas demand. Temperatures in the UK are set to be 2-3°C higher than average for the next two weeks according to the latest forecasts while a high […]
Geopolitical concerns continued to drive oil prices higher
Prompt prices settled lower on Friday It was the final day of trading for the February contract on ICE on Friday and while trading was volatile during the session near NBP futures settled with little change on the day. February expired at 219.42p which was down just 0.54p on Friday but over the week it […]
Brent crude contract traded above $90.00 a barrel
Contracts at the front of the curve moved between gains and losses Trading on the UK NP gas market was somewhat a mirror image of the previous day’s session where contracts at the front of the curve moved between gains and losses and the seasons ticked up across the day. The tensions between the West […]
Gas market retains a keen eye on events on the Russia/Ukrainian border
Contracts at the front of the NBP gas curve remain uncertain Contracts at the front of the NBP gas curve remain uncertain as to what direction to take as prices yesterday swung between gains and losses over the course of the session. Both the February and March contracts opened 15.00p and 12.00p lower and while […]
An invasion by Russia could threaten crude oil supplies
Natural gas futures edged higher through the morning eroding the earlier losses Having opened softer on Tuesday, natural gas futures edged higher through the morning eroding the earlier losses. Near curve contracts settled marginally higher while contracts covering the summer and next winter months held gains of around 5.50p. The tensions between Russia and Ukraine […]
NBP curve gained after reports U.S. ordered diplomats to leave Ukraine
Rising tensions along the Russia-Ukraine boarder send gas prices higher The rising tensions along the Russia-Ukraine boarder send gas prices higher on Monday while a short gas system supported the spot and day ahead products. The remaining winter months on the NBP curve gained over 35.00p yesterday after early reports that the U.S. ordered diplomats […]
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