Rebecca Cullen

The gas markets were bearish yesterday as both the prompt and futures markets fell significantly With the prospect of extending lockdowns in the UK being considered, the gas markets were bearish yesterday as both the prompt and futures markets fell significantly. There was some pressure exerted on the gas system though as demand rose to […]

Near futures gas contracts at the NBP recorded significant losses for a second consecutive day Demand increased with falling temperatures and a high wind-chill factor but remained well below the seasonal norm on Wednesday. The gas system was forecast 20MCM long in the morning and despite the rising demand, remained 7MCM long at close of […]

The UK gas system operated with a surplus and line pack was expected to grow by some 14MCM by the close As mild weather continued across the UK and Ireland forecast gas demand reduced day on day to just 195MCM.  The UK gas system operated with a surplus and line pack was expected to grow […]

 Spot and day ahead contracts gained slightly Lower wind availability and higher gas-fired generation saw demand on the UK gas system increase to 220MCM on Monday, still over 50MCM below the seasonal norm. An early supply surplus if 15MCM fell off to leave the system forecast 5MCM short at close of business. Spot and day […]

Near futures gas contracts for the remaining winter months recorded gains An early supply surplus on the UK gas system was eroded as demand increased slightly over the course of the day. Wind generation, which had been running above 10GW for most of the week, fell below that level on Friday morning, requiring more gas-fired […]

Despite the low demand and adequate supply, prompt gas prices gained on Thursday The UK gas market continued the trend of earlier in the week with only marginal movement on futures prices on Thursday. The continuing deterioration in the coronavirus situation in Europe, and the UK in particular, prevented the gas market from tracking oil […]

UK gas system continued to reflect the mild temperatures The UK gas system continued to reflect the mild temperatures that prevail over the UK and Ireland with gas forecast demand remaining low a 208MCM.  The system was generally comfortable throughout the day and despite tightening of the supply/demand balance, line pack still grew by 4MCM.  […]

With gas demand expected to tumble today, the day ahead shed 1.60p yesterday The forecast for milder temperatures to remain across northern Europe coupled with high winds for the remainder of the week pressured gas prices at the NBP prompt on Tuesday. Temperatures in Britain and Ireland are to remain 2-3°C above normal until the […]

 A strong upturn in oil prices also turned gas prices along the curve higher UK gas supply was slow to ramp up from weekend levels and the system was forecast 20MCM short yesterday morning. A big increase in LNG send-out over the course of the day saw the system balanced by close of business, however. […]

Demand on the UK gas system was down slightly on the previous day Demand on the UK gas system was down slightly on the previous day but still slightly above the seasonal norm on Friday and the system was comfortably supplied throughout the trading day. Prompt gas prices fell significantly as a result, with the […]