Rebecca Cullen

 Gas supply concerns in the UK eased on Thursday Gas supply concerns in the UK eased on Thursday leading to gas prices tanking on the prompt and futures market. The prompt and near futures contracts shed between 1.75p and 2.40p while gas demand was still strong at around 10% above the seasonal norm. Supplies were […]

The day ahead contract gained just over a penny Colder weather saw demand on the UK gas system increase to 315MCM on Wednesday. An early supply surplus of 15MCM was halved over the course of the trading day but the system remained in surplus at close of business. The day ahead contract gained just over […]

 Early trading on the UK NBP futures market saw contracts tick up once again Having opened with a surplus of 20MCM, an intraday revision to forecast demand saw it move to 316MCM and the system remained in balance from that point on.  Colder weather is expected in coming days, but all the signs are that […]

Demand on the UK gas system fell below the seasonal norm yesterday With rising temperatures and increased wind availability, demand on the UK gas system fell below the seasonal norm yesterday. An early supply surplus of 40MCM was gradually reduced as supply fell back and demand increased over the course of the day. Increased wind […]

 Prompt gas prices increased again on Friday As cold weather persisted, UK gas demand increased to 325MCM on Friday morning and the system was forecast 15MCM short. The system remained in deficit as deliveries lagged demand throughout the day and finished 7MCM short. Following a reversal on Thursday, prompt gas prices increased again on Friday […]

UK gas prices finished mixed with a system deficit combining with higher demand UK gas prices finished mixed with a system deficit combining with higher demand providing support for the prompt and near-term contracts.   In addition, talk of some disruption at two Norwegian gas fields added to the overall negative sentiment.  The two fields in […]

Demand on the UK gas system increased sharply yesterday morning Demand on the UK gas system increased sharply yesterday morning with falling temperatures and lower wind availability. The system quickly fell into deficit and remained short to close of business as demand continued to increase throughout the day, peaking at over 280MCM. Early gains on […]

The gas markets opened firmer on Tuesday and after few hours of sideways trading The gas markets opened firmer on Tuesday and after few hours of sideways trading, prices continued to rise late in the session. The remaining months of the winter settled around a penny higher while contracts after the winter racked up gains […]

Last week’s decline in gas prices came to an abrupt halt on Monday Last week’s decline in gas prices came to an abrupt halt on Monday as near futures contracts recorded strong gains, supported by an ongoing rally on the oil market. The front month was up 1.76p and Q1 by 1.41p while the full […]

The slide in European gas prices continued for a fourth day on Friday The slide in European gas prices continued for a fourth day on Friday with near futures prices at the UK NBP down by 10% over the week. Although Friday’s losses were less significant than the previous 3 days, the front month contract […]