Rebecca Cullen

 The supply demand balance is expected to stay tight due to unseasonably cold temperatures UK NBP gas prices remained elevated on Thursday and added further premium during the course of the day with prices for the coming winter recording gains of over a penny.  With unseasonably cold temperatures being forecast over most of Western Europe […]

 Gas supplies expected to remain tight across Europe for the remainder of May With gas supplies expected to remain tight across Europe for the remainder of May, gas prices on the NBP resumed an upward trend after taking a breather on Tuesday.  Norwegian maintenance is to step up for the back half of May while […]

 Overall demand on the system was only slightly above normal A significant supply deficit saw the UK gas system forecast 30MCM short yesterday morning.  Overall demand on the system was only slightly above normal thanks to very strong wind generation levels and despite below normal temperatures.  Spot and day ahead gas prices gained 4.00p and […]

There were further strong gains on NBP prompt and near futures contracts on Friday There were further strong gains on NBP prompt and near futures contracts on Friday as weather forecasts show temperatures remaining 3°C below the seasonal norm this week.  A forecast for a significant increase in wind generation did little to offset the […]

Prompt gas prices at the NBP gained an average of 1.87p Demand on the UK gas system increased on Wednesday as temperatures fell sharply but increased wind availability offset a possible further increase as gas-fired power demand reduced.  Prompt gas prices at the NBP gained an average of 1.87p as an early supply surplus was […]

Front and near-term contracts added 3.00p in premium as an issue emerged regarding gas flows through Ukraine The UK NBP gas market has a very benign opening on Tuesday with some near-term contracts posting minor gains in early trading.  While there were some restrictions on the gas side due to maintenance issues in the North […]

Prompt gas prices recovered some of Friday’s heavy losses The UK gas system was over-supplied with forecast deliveries running 23MCM long yesterday morning.  A reduction in Langeled flows and LNG send-out from the Isle of Grain saw the system finely balanced at the close.  With lower power demand and a slight pick-up in wind availability, […]

Prompt gas prices at the UK NBP fell by an average of 4.25p The UK gas system was oversupplied throughout the trading day with increasing Norwegian deliveries and robust LNG send-out maintaining a surplus averaging 10MCM on Friday.  The supply outlook for the summer months was boosted across Western Europe by forecast increased LNG delivery […]

The UK NBP market has now gained for multiple sessions in a row UK gas futures maintained their elevated position on Thursday and further risk premium was added to contracts during the session.  The UK NBP market has now gained for multiple sessions in a row as pressure is maintained on contracts.  For the most […]

 Front month finished unchanged day-on-day; most other futures contracts recorded marginal gains. UK gas futures opened lower yesterday morning, suggesting a reversal of the recent rally which has seen prices climb for 5 consecutive days.  The reversal was short-lived however and while the front month finished unchanged day-on-day, most other futures contracts recorded further marginal […]