Rebecca Cullen

Gas Market The GB gas markets opened a touch higher on Friday with scheduled Norwegian maintenance stepping up and tightening supply margins on the day.  Gas demand was down at 218mcm on Friday and supplies didn’t balance until later in the session and this provided support to the spot and day ahead contracts on the […]

Gas Market Prices in the UK gas market fell from the front once again, with losses recorded across the curve yesterday. Thursday’s losses further contributed to modest declines when examining the five-day average price movements. Notably Winter 23 is down 18.76p on average after closing at 123.02p yesterday a price level not seen since before […]

Gas Market NBP near curve dipped lower yesterday for the fourth consecutive session, while winter risk lifted contracts further along the curve. An abundance of LNG continues to pressure June, the front month contract which settled at 72.95p yesterday, its lowest level since late November. To reflect on the gas markets journey since the energy […]

Gas Market The decline on UK and European gas markets continued Tuesday with far curve contract in particular continuing their recent collapse. The NBP Winter-23 contract lost 3.74 pence per therm to close at 121.72p/therm, a loss of 20.49p over five days. Behind the recent collapse is the high levels of storage across Nort West […]

Gas Market The GB wholesale gas market continued to show weakness on Monday as the near curve fell by a further 1.50p – 2.00p however it was the front winter contract that stole the limelight by shedding over 8.00p.  It was the second day in a row that contracts covering 2024, which had resisted the […]

Gas Market UK gas contracts displayed a mixed pattern of movement yesterday, but overall prices remained stagnant, failing to surpass the 1.00p threshold. The font of the curve remains in negative territory based on the five day moving averages, while further dated contracts are still holding risk premium. The front month contract June settled at […]

Gas Market The GB gas system remained short on Friday with lower wind generation adding to demand while scheduled maintenance works on Norwegian feeds curbed imports.  Prompt prices settled around 2.00p higher, boosted by the tight gas supplies on the day while the balance of month contract settled 2.55p higher at 83.05p.  The near months […]

Gas Market A stronger than expected flow of gas from Norway coupled with low demand weighed on the prompt and near curve yesterday.  Scheduled maintenance works at the Karsto field was suspended yesterday which increased gas flows to the UK on the day.  Prompt prices were falling earlier with demand subdued due to the mild […]

Gas Market UK natural gas forward contracts saw declines during Friday’s session, with weak demand and few bullish factors evident to drive prices back into an upward trend. Contracts for delivery for the remaining months of the year lost 1.79p on average while the bellwether contract Winter 23 settled at 146.07p, down 1.57 pence per […]

Gas Market There was more sideways movement in the NBP futures market on Thursday with near months flipping between losses and gains while there was a late gain in contracts from the winter out.  May expired on the ICE platform yesterday and settled almost flat at 90.53p while the June contract gained nearly a penny […]