Rebecca Cullen

Modest losses on the UK gas futures market on Friday Modest losses on the UK gas futures market on Friday, similar to last Monday’s, book-ended strong gains mid-week which saw contracts out to Q2 2022 record gains of around 10% week-on-week.  With restricted Norwegian deliveries on the day and no new LNG deliveries due until […]

 Gas trading condition remained the same on Thursday Gas trading condition remained the same on Thursday as they were for the previous two sessions with the NBP market opening with significant strength and prices gapping higher as a result.  The increase in gas prices is not limited to just the UK market as all the […]

 Gas market opened firmer at the outset Following Tuesday strong gains on the gas market, Wednesday’s market proved to be no different with strong gains once again being the order of the day.  Markets opened firmer at the outset and contracts extended gains throughout the session.  The August contract assumed front month status and promptly […]

 Prompt gas prices at the NBP surged The UK gas system was again comfortably supplied with demand just over 150MCM and supply outstripped demand by an average of 5MCM throughout the trading day.  In an unusual phenomenon, for this time of year, storage withdrawals ramped up to almost match injection on the day as storage […]

Prompt gas prices recorded more significant losses Following last week’s uninterrupted daily run of gains on the UK gas market, prices eased marginally on Monday as crude oil relinquished all of last week’s gains, shedding $1.50 a barrel on the day.  This was somewhat encouraging given that carbon prices recorded further gains on the day.  […]

 Prices increases on the UK NBP gas market have been posted on the last five consecutive sessions Prices increases on the UK NBP gas market have become relentless at this stage and gains have been posted on the last five consecutive sessions.  The fundamental drivers in the market remain the same with Asian LNG pricing […]

Prompt and near curve gas prices on the NBP continued upward Prompt and near curve gas prices on the NBP continued upward on Thursday as concerns of tight supply remains the main driver.  UK storage facilities usually restock during the summer months but yesterday, reserves from the Stublach site were employed to balance the GB […]

 UK gas prices moved higher once again Following a muted opening, UK gas prices moved higher once again in tandem with higher crude oil and carbon prices.  There is no doubt that the higher crude oil price in now combining with the strong Asian LNG demand and low gas storage stocks to provide significant support […]

UK NBP gas market remained elevated on Tuesday The UK NBP gas market remained elevated on Tuesday with further premium added to contracts over the course of the day.  The ongoing issue at the Karsto field in Norway is adding to the negative sentiment and flows via Langeled remain relatively low.  Concerns regarding LNG deliveries […]

Prompt prices had increased from the get-go Having opened with sharp gains on Monday, both the NBP prompt and futures markets fell back late in the session retracing the majority of the day’s gains.  Prompt prices had increased from the get-go as concerns of surging demand for LNG in Asia could inflate prices further while […]