Rebecca Cullen

The day ahead contract gained a penny but movement on the prompt market was otherwise mixed. UK gas prices gained for a second consecutive day on Friday, but it was not enough to overcome the sharp losses of earlier in the week and near futures prices finished lower week-on-week. Futures contracts at the NBP recorded […]

The near curve continued to move higher through the afternoon with February peaking at 58.65p Forecasts for cooler temperatures along with low winds for the start of February spurred on the prompt and near curve on the NBP yesterday. The front month contract, February, which expired on ICE yesterday came out of the blocks with […]

 The front month contract recorded the most significant move on the day Lower heating and gas-fired power generation saw demand on the UK gas system running just under 300MCM and deliveries ran 10 to 15MCM long yesterday. The well-supplied gas system remained in surplus throughout the trading day and prompt gas prices eased by an […]

The UK NBP market was much more stable during trading on Tuesday. Following the previous session of sharp losses, the UK NBP market was much more stable during trading on Tuesday.  We have become used to large rises and falls in prices in recent time but yesterday proved to more modest as contracts did not […]

UK gas market experienced a sharp downward correction on the first trading day of the new month Despite above normal demand yesterday, the UK gas market experienced a sharp downward correction on the first trading day of the new month. Despite high demand levels and forecasts for further cold weather, a greater level of confidence […]

 The positive supply margin helped prompt gas prices fall With temperatures rising above the seasonal norm on Friday, demand on the UK gas system remained below 300MCM and a positive supply margin prevailed throughout the trading day. The positive supply margin helped prompt gas prices fall by an average of 2.00p while the new front […]

 The near curve continued to move higher through the afternoon Forecasts for cooler temperatures along with low winds for the start of February spurred on the prompt and near curve on the NBP yesterday. The front month contract, February, which expired on ICE yesterday came out of the blocks with gains of over 2.00p in […]

Futures prices gained marginally on the day The UK gas system opened 9MCM short yesterday and remained 2MCM short at close of business. The persistent supply deficit did not prevent further losses on the prompt gas market on Wednesday. Despite demand falling to normal levels for this time of year, the supply side was short […]

At the close the February contract was marked down bringing the two-day loss on this contract to 6.05p The front month February contract opened weaker on Tuesday as the spill over from the previous session continued.  Losses were extended as further trades went through and it was apparent that a sell off at the front […]

 Early gains on the prompt gas market were retraced with falling demand in the afternoon The cold spell continued over the weekend and into Monday and demand on the UK gas system peaked at 376MCM yesterday morning. The system remained in positive balance throughout the trading day, helped by higher-than-forecast wind generation. Early gains on […]