Rebecca Cullen

 Prompt gas prices gained strongly The healthy supply-demand balance which prevailed early Friday turned negative by the close and is forecast to be much tighter on Monday as renewable power supply is forecast to fall to less than 3GW, prompting higher gas demand for power generation.  Prompt gas prices gained strongly as a result, within […]

 UK gas system was balanced by the afternoon A tight gas system continued to cause concerns for the NBP gas market on Thursday, but prompt prices fell on day as the UK gas system was balanced by the afternoon.  The spot and day ahead closed over 2.00p down as supplies from Norway increased to cover […]

Improved supply-demand balance helped prompt gas prices lower A significant increase in renewable power generation on Wednesday saw gas demand falling to 125MCM on average and supply running up to 10MCM long.  The improved supply-demand balance on the UK gas system helped prompt gas prices lower with day ahead and week ahead prices shedding 1.85p […]

 Gas contracts moved between gains and losses across the day The battle between the bears and bulls continued unabated during Tuesday’s market with gas contracts moving between gains and losses across the day.  Following the significant losses from the previous session gas prices opened weaker with the front month being priced down by a penny […]

The recent volatility on the UK gas market is likely to continue With the UK gas supply outlook not looking any better for the remaining summer months, the recent volatility on the UK gas market is likely to continue while carbon prices fluctuate as they have been of late.  The longer-term supply outlook is reflected […]

 The slump in UK gas prices midweek was almost completely reversed on Friday The slump in UK gas prices midweek was almost completely reversed on Friday to leave contracts 1.00p to 2.50p higher week-on-week.  The fundamentals of tight supply and low storage reserves across Western Europe became the main market drivers again.  Strong demand and […]

 The see saw nature of the UK NBP market continued The see saw nature of the UK NBP market continued on Thursday as contract moved between losses and gains over the course of the day.  Market fundamentals were once again consistent with recent days as the system ran with a surplus of 5MCM on a […]

 The sell off and the UK NBP gas market continued apace yesterday The sell off and the UK NBP gas market continued apace yesterday although it was by no means plain sailing.  Initial early weakness was short lived as contracts staged a mini rally and near-term months posted gains in excess of 3.50p.  The rally […]

 Major sell off occurred in the middle of the session In another extraordinary day on the gas market, contracts came under price pressure from the offset before a major sell off occurred in the middle of the session.  Gas contracts had opened weaker following the strong gains from the previous session and the dam eventually […]

Ongoing concerns for gas supply extended to the front winter months The ongoing concerns for gas supply extended to the front winter months as storage levels in the UK and Western Europe are at multi-year lows.  Friday’s modest losses on the UK gas futures market proved exceptional as the seemingly relentless upward trend resumed with […]