Rebecca Cullen

Gas Market The energy markets remained on edge yesterday as early morning losses to NBP futures were reversed and prices moved into positive territory through the afternoon.  Gains to the front months were over 5.00p at one stage but these were pared back and at the close the August contract settled 1.18p higher at 67.87p.  […]

Gas Market NBP futures regained some of the premium lost over the last week as an unplanned outage in the Aasta Hansteen gas field caused a little anxiety in the market that there could be unexpected extensions to the scheduled Norwegian maintenance next month. In August, the Troll field and Kollsnes gas processing plant will […]

Gas Market With the return of Norwegian gas imports after an extended maintenance run the market eased on opening yesterday but prices flipped between gains and losses for much of the session.  Nominations through the Langeled feeder were just shy of 60mcm yesterday, the highest since early summer. This left the GB gas system oversupplied […]

Gas Market During Friday’s session, the UK front month contract continued its downward trend. However, contracts further along the curve experienced marginal increases due to lingering concerns, particularly related to weather risks during the winter season. These price movements occurred despite record high storage levels. The front month contract August lost 1.07p, settling at 63.39p, […]

Gas Market The return of gas from Norway continued to weigh on the near curve on Thursday although prices for contracts out to next summer traded in positive territory earlier in the session.  The losses recorded yesterday were minor compared to the declines over the first three days of the week and its normal for […]

Gas Market Early trading the UK NBP market saw contracts opening weaker as the market extended losses for the third session in a row. The system was slightly short on opening but with several gas supply assets due to return from maintenance sentiment was generally positive. The key development occurred in the early afternoon when […]

Gas Market Lower demand weighed on the NBP prompt on Thursday with near months on the curve also shedding premium on day.  GB gas demand was around 126mcm yesterday with a similar level forecast for Friday as increased wind generation displaced gas fired generators from the power stack.  Prompt prices eased with the comfortable gas […]

Gas Market The NBP market oscillated between gains and losses throughout the day due to mixed news on fundamentals. Pipeline supplies to from Norway continue to improve as some maintenance has ended but there was an announcement that an outage reducing 104 million cubic metres (MCM) per day at the Troll field has been extended […]

Gas Market Tuesday was a choppy session on the NBP gas market with prices lacking clear direction for much of the day. Looking at recent price swings and day on moves, yesterday’s close was essentially flat. The front month opened in positive territory, trading to what looked like being the intraday high of 85.29 pence […]

Gas Market The gains recorded at the end of last week by the NBP curve were reversed yesterday after the market opened firmer on Monday.  The new front month, August, traded up to 97.84p per therm early in the session but gains were not sustained, and the contract traded down to 82.85p before closing at […]