Rebecca Cullen

Prompt and near futures gas prices at the NBP eased significantly   Prompt and near futures gas prices at the NBP eased significantly again on Friday following Thursday’s slump in oil prices. A combination of high gas-fired power demand and restricted Norwegian supply-maintained pressure on the UK gas system throughout the day but the system […]

 Crude oil prices slumped late in the session Crude oil prices slumped late in the session on Thursday as vaccine supply issues in Europe and the reintroduction of lockdowns in Italy and Poland raised concerns for demand recovery. Brent eased by $4.72 a barrel, recording the largest single day loss since 21st of April 2020 […]

Slow start to trading saw prompt prices opening marginally up on Tuesday’s closing levels As wind generation fell-off yesterday, gas demand rose and the supply side was slow to respond, leaving the system 10MCM short at close of business. The slow start to trading saw prompt prices opening marginally up on Tuesday’s closing levels but […]

Prompt prices retained early losses  With demand on the UK gas system running below 250MCM for most of the trading day, the system opened with a surplus of 24MCM and retained a surplus to close of business yesterday. Above normal temperatures and lower power demand saw overall gas demand reduced and strong LNG send-out comforted […]

UK NBP gas market displayed quite an amount of volatility The UK NBP gas market displayed quite an amount of volatility on Monday following a week long streak of gains in the previous week. Prices were edging lower in the early part of the session but quickly gained a penny on some frantic trading in […]

Seasonal contracts beyond Winter 21 recorded only marginal gains  The UK gas market rose for a fourth straight session on Friday, making gains of almost a penny on near futures contracts to record week-on-week gains of 15%. Demand on the UK gas system fell lower again on the day as gas-fired generation was displaced with […]

 Modest losses were soon erased as prices ticked up across the board The upward trajectory on the UK NBP gas market continued on Thursday as contracts finished above the previous settlement.  At an early stage there was some prospect of some downward correction as the market was softer on opening.  These modest losses were soon […]

A comfortable supply margin early in the day was reversed The UK gas market recorded strong gains for a fourth session in the last five, leaving near futures contracts up by over 10% over the 5-day period. A comfortable supply margin early in the day was reversed as demand on the UK gas system increased […]

 NBP futures increased sharply on the day as carbon EUAs set new record highs An increase in wind generation through the afternoon saw GB gas demand fall back in line with the seasonal norm on Tuesday. The spot and day ahead which had edged up in earlier trading reversed those gains and settled around 0.75p […]

Early gains on the UK gas futures market were reversed over the course of the trading day As oil prices turned lower following a bullish start on Monday, early gains on the UK gas futures market were reversed over the course of the trading day. The front month shed 0.85p while the full Summer 21 […]