Rebecca Cullen

Gas Market In early trading losses on the near curve appeared to be continuing while the gains made on Monday on the contracts for winter-23 onwards were being retraced. The market appeared to be coming to terms with Norwegian maintenance schedule, as July dipped to 68.71p and winter-23 fell as low as 117.00p per therm. […]

Gas Market The UK gas market opened weaker yesterday, however as the day progressed far curve contracts pushed higher to close in positive territory for the fourth consecutive session. While the front of the curve posted losses. This divergence between near delivery contracts and the far curve has been a recurring trend in the gas […]

Gas Market Market fundamentals started to show signs of a shift on Friday as NBP futures recorded significant gains in tandem with gains on the Dutch TTF and the German THE markets.  Concerns of rising Asian demand and low LNG deliveries to the UK along with news that Norwegian maintenance work is to be extended […]

Gas Market UK gas prices showed a strong upward trajectory in the early hours of trading yesterday, but eventually retreated to settle marginally higher day on day. LNG cargoes are starting to head towards the east, as LNG prices have started to increase there. However, strong storage build up and the industrial demand destruction has […]

Gas Market Forecasts for lower renewable generation for the week ahead pushed up prompt prices on the NBP all save for the spot which was on the only product to post a loss.  Near months also firmed yesterday with the July and August months settling over 3.00p higher on the day.  Contracts from the winter […]

Gas Market Gas prices fell on Tuesday bucking Monday’s upward movement illustrating the volatility that still remains at European gas hubs. Strong upward movement was reversed yesterday with contracts trading strongly in early trading before a collapse across late morning and into the afternoon. The front month, July, retreated below 60 pence per therm, having […]

Gas Market European gas prices jumped higher yesterday, with the near curve taking the brunt of the upward drive. The front month contract July closed 12.27p higher at 67.22 pence per therm while Q3 23 made strong gains, settling 10.99p higher at 72.88p. Maintenance operations affecting capacity at several gas facilities in Norway supported the […]

Gas Market The UK gas market experienced flat price movement on Friday, although all contracts remained in negative territory over a five-day average. The front month contract reached a peak of 56.62 pence per therm before retracing and closing at 54.95 pence per therm, up 0.68 pence per therm on the day. It was a […]

Gas Market Illustrating the nervousness and risk still in European gas markets, prices declined on Thursday losing value far in excess of the gains they made on Wednesday. With the market on a hair trigger the news on Wednesday of a leak and a LNG plant in Norway caused gas prices to surge. However, the […]

Gas Market European gas markets experienced an upward movement yesterday, driven by a production halt at a Norwegian LNG plant caused by a leak. The leak resulted in an impact volume of 18 MCM. It’s important to note that this facility had been on shutdown since May 4th and resumed operations on May 27th. Consequently, […]