Rebecca Cullen

Gas Market UK gas prices made modest losses during yesterday’s session, with the front of the curve taking the biggest hit. Healthy near-term fundamentals is the main driving force behind the erosion of risk premium for near delivery contracts, while an element of uncertainly further out is reflected in the limited price movement. The front […]

Gas Market Tuesday was a relatively subdued day again on NBP price markets despite a slight uptick in the majority of contract prices. The front month opened just shy of a penny above Monday’s close before falling off in late morning to the low of the day at what was essentially parity to the previous […]

Gas Market The GB gas markets remained subdued on Monday with early gains of around 2.00p-3.00p being reversed later in the session as futures settled mixed.  The front month, May settled just 0.30p higher at 98.76p while the winter contract eased by 0.79p to 146.71p.  Forecasts for wind generation to pick up weighed on the […]

Gas Market Wholesale gas prices continued to ease on Friday as the front months on the NBP declined by an average of 2.00p. Over the week the May contract declined by 8.18p.  Further out, losses were more muted on the day with risk premium being pushed out to the winter and beyond as the summer-24 […]

Gas Market There was more indecision in the GB gas markets early on Thursday with NBP futures flipping between gains and losses before settling with marginal losses across the board. Near month contracts have fallen close to the lows reached around three weeks ago, but seasonal contracts from the winter out are still around 20.00p […]

Gas Market Yesterday’s trading session in the UK gas market featured mixed movement. With near curve contracts experiencing a slight decrease, seasonal contracts further out found support from the anticipated summer injection period as Europe concentrates on refilling its storage levels. The front month contract May lost 1.83p to close at 100.80p. Despite the marginal […]

Gas Market After three days of losses prices consolidated somewhat on Tuesday. The more liquid near term monthly contracts effectively closed flat to last Thursday’s close. Trading was sparse further out, with the initial trades only being transacted late in the afternoon for seasonal contracts from Summer-24 onwards. The lack of activity was reflected in […]

Gas Market The NBP gas market increased over the previous three sessions, with the most recent surge on Monday seemingly influenced primarily by the movement on oil and increased activity due to the recent expiry of three key contracts, April the front month, Q2-23 and Summer-23. Yesterday saw the market take stock of the movements […]

Gas Market A surge in crude oil prices added to support for gas prices on Monday as the front month contract for Brent rose by over $5.00 a barrel.  GB gas demand increased as wind fell below recent averages and exports through the BBL interconnector increased while the TTF prompt remains at a premium to […]

Gas Market Forecasts for a drop in wind generation for the week lifted NBP prompt products on Friday while near curve contracts also edged higher on the day.  Generation from wind has averaged almost 10GW for the last week and latest forecasts for the week ahead are for wind to fall to around 5.5GW on […]