Rebecca Cullen

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 […]

Gas Market The GB gas markets started the week mixed with near futures settling marginally lower while contracts from next summer posted minor gains.  An unplanned outage at the Kollsnes field was shrugged off yesterdays as the NBP spot and day ahead products reversed some of the premium built in over last week.  The spot […]

Gas Market UK gas prices began to unravel risk premium on Friday, following a volatile week due to extended outages in Norwegian gas fields. NBP contracts retraced Thursday’s short squeeze after traders weighed up short-term supply woes versus a high storage levels. Despite Friday’s downward momentum, it’s important to note that contracts across the curve […]

Gas Market European gas markets extended gains for the third day in a row since the announcement of the extension to the maintenance at Norway’s Nyhamna gas processing plant from the 21st of June until the 15th of July on Tuesday. With the tightening of gas supplies across the continent, many traders were stopping out […]