Rebecca Cullen

Gas market opened for trading for the first time in 2022 with strong gains Following multiple sessions of significant losses over the Christmas and New Year periods the gas market opened for trading for the first time in 2022 with strong gains.  Gas contracts for February & March 2022 opened higher by some 35.00p and […]

UK gas market continued to soften on Thursday The UK gas market continued to soften on Thursday with near futures losses gradually diminishing from a maximum of over 100p on December 23 to an average of 22p yesterday.  Although the scale of daily losses has reduced, yesterday marked a fifth consecutive day of decline on […]

The UK gas market continued to soften on Thursday The UK gas market continued to soften on Thursday with near futures losses gradually diminishing from a maximum of over 100p on December 23 to an average of 22p yesterday.  Although the scale of daily losses has reduced, yesterday marked a fifth consecutive day of decline […]

 The sharp downward slide continued The Christmas sales started early on the UK gas market with combined losses of over 150.00p on Q1 22 contracts on the 23rd and 24th of December.  The sharp downward slide continued with market reopening yesterday with Q1 down by almost 33.00p.  An improving supply-demand situation has driven prices lower […]

Prices for Q1 22 shed over 100.00p Near futures gas prices recorded their biggest ever day-on-day movement at the NBP on Thursday.  Prices for Q1 22 shed over 100.00p against a backdrop of easing demand and some lowering of tensions on the Russia-Ukraine border.  While military build-up has been halted, commercial tensions have ramped up […]

Gas prices on the UK NBP for the remaining winter months eased yesterday Gas prices on the UK NBP for the remaining winter months eased yesterday as the gas system recorded a positive supply demand balance with deliveries out-stripping demand by an average of 15MCM throughout the trading day. Prices had soared on Tuesday on […]

Day of records on the NBP as gas prices surpassed previous highs It was a day of records on the NBP as gas prices surpassed previous highs and contracts on the near curve and prompt settled between 71.00p and 82.00p higher.  Prices soared yesterday on the back of reports that showed Russian supplies were reversed […]

The prompt market responded with gains Gas demand increased to 330MCM yesterday on a combination of low temperatures and weak wind generation.  Limited LNG send-out and ongoing exports to Belgium did not help the supply-demand situation.  An opening supply deficit of almost 20MCM on the GB gas system was never re-balanced on Monday and the […]

UK gas market saw another day of fluctuating prices The UK gas market saw another day of fluctuating prices but this time the end result was a decline in near term futures contracts with the Q1 2022 contract shedding almost 13.00p day-on-day.  The near futures market was impacted by a sharp downturn in carbon prices […]

 A tumultuous late part of the session saw prices add significant premium UK gas prices traded somewhat lower for much of the session before a tumultuous late part of the session saw prices add significant premium as the market approached settlement.  There was no discernable pattern to the moves as the front of the curve […]