Rebecca Cullen

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 […]

Gas Market The UK gas market extended gains across the curve yesterday, as buying activity increased substantially in European markets since the news broke on Tuesday, of the extension to the maintenance at Norway’s Nyhamna gas processing plant from the 21st of June until the 15th of July. In contrast to Tuesday’s session, where the […]

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 […]