Rebecca Cullen

 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 […]

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 […]

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 […]

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 […]

 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 […]

 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 […]

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 […]

 The UK gas market experienced a volatile session on Friday The UK gas market experienced a volatile session on Friday as prices opened higher and held on to most of these gains to the close.  At one stage the front two months were up by over 17.00p with Summer 2022 prices also trading up by […]

Wide bid/offer spreads were a feature on most contracts Forecast gas demand in the UK increased to 356MCM on Thursday as cooler weather and strong CCGT generation demand impacted.  The system was struggling to cope early on a deficit of 8MCM was present for much of the day.  LNG send out was initially 108MCM but […]

GB gas demand was well below Tuesday’s levels due Early losses to NBP natural gas futures were pared back a touch over the day on Wednesday but contracts out to next winter held on to losses of just over 6.00p.  A further 12 vessels of LNG are expected to land at British terminals by the […]