Rebecca Cullen

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 […]

Gas Market The NBP market closed higher on Friday’s session with the near cure and prompt buoyed by a significant drop off in LNG arrivals to Britain and extensions to planned Norwegian gas maintenance.  Centrica announced they have increased storage capacity in the Rough site to 54 billion cubic feet (bcf) from 30 bcf after […]

Gas Market The fundamentals surrounding the UK gas market remained unchanged on Thursday with low LNG deliveries combining with the lack of Norwegian supplies to leave futures slightly higher at the close.  The near curve flip-flopped between gains and losses earlier in the session but trading ranges on the day remained quite tight.  The July […]

Gas Market UK gas prices concluded Friday’s session with a modest decline, extending the downward trend observed over the past three sessions. Despite ongoing maintenance work on Norwegian gas infrastructure during the summer, the persistent weakness in industrial demand has continued to pressure overall gas demand. The front month contract July experienced a decline of […]

Gas Market UK gas markets continued to release premium on Thursday, for the second consecutive session. Healthy near term fundamentals including high storage levels and continued lacklustre industrial demand has weighed on the market. While there are still concerns over the lingering uncertainty over the length and extent of outages at Norwegian gas infrastructure, the […]

Gas Market Trading on the NBP futures market continued with some volatility on Wednesday morning as Norwegian gas supply concerns lingered.  Near futures had racked up modest gains in the morning but these were reversed in the afternoon. News that two LNG shipments due at UK ports by the end of the month was welcomed […]

Gas Market UK gas markets pushed higher across most of the curve on Tuesday amid continued gas supply concerns from high levels of Norwegian continental shelf maintenance until mid-July. In another volatile session, the largest increase was in the front month July contract which was trading as high as 103.00 pence per therm earlier in […]