Gas Market NBP curve contracts edged up marginally on Wednesday, gleaning support from increases across the prompt and whispers of trade talks between China and the United States, which could alleviate some of the recent economic fears. The front month contract posted a gain of 2.56p to close the session at 86.88p per therm. A […]
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NBP prices on Tuesday oscillated close to the previous close, with near-curve contracts shedding value
Gas Market Tuesday’s session on the NBP was best described as choppy. Traded contracts oscillated close to Monday’s close for much of the day. The front-month contract, May-25, rose during morning trading, reaching an intraday high of 87.26 pence per therm, marking a day-on-day gain of 1.89p. However, a late-afternoon decline in EUA carbon markets […]
The May contract for the NBP settled 2.27p higher at 85.37p yesterday, but the contract is still over 17.00p down this month
Gas Market Prompt prices were lifted by the unplanned outages at Norwegian production plants yesterday. Natural gas exports were curbed by around 29mcm due to issues at the Aasta Hansteen and Dvalin plants yesterday which left the Spot and Day ahead 3.15p per therm higher at the close. Forecasts for low wind generation also added […]
Price fluctuations across global markets due to Donald Trump’s tariffs continued on Friday
Gas Market Price fluctuations across global markets, including the NBP, due to Donald Trump’s tariffs continued on Friday. Curve prices made modest gains despite news that China would raise import taxes on U.S. goods to 125%, further stoking fears of a global recession. The front month contract closed the session at 83.10p per therm, up […]
The front month for the NBP peaked at 87.90p per therm yesterday but fell 5.72p intra-day to settle at 81.18p
Gas Market The gas markets opened firmer on Thursday following a step back from President Trump as he paused the latest tariff increases for 90 days late on Wednesday. Near months for the NBP increased by around 4.50p per therm through the early part of the session but uncertainty in the markets and the […]
Another day of turmoil across financial and commodity markets ensued on Wednesday, with the NBP closing prior Trump’s announcement of a 90-pause on most reciprocal tariffs
Gas Market Another day of turmoil across financial and commodity markets ensued on Wednesday, with the NBP closing prior to the announcement from Donald Trump of a 90-day pause on reciprocal tariffs against non-retaliatory countries. Instead, following the commencement of the initial reciprocal tariffs, including an increase on China to 104% and China’s subsequent announcement […]
NBP Gas prices return to Fridays’ levels as global tariffs continue to dominate proceedings
Gas Market The NBP market remained largely rangebound throughout the trading session, as participants awaited further developments in the U.S.-initiated trade dispute. Monday’s rebound — prompted by an erroneous report suggesting a pause in tariff measures — proved short-lived, with near-curve prices returning to parity with Friday’s close. Since the announcement of President Trump’s tariffs, […]
The NBP market displayed significant volatility on Monday with the front month contract trading a range of over 12p over the session.
Gas Market The NBP market displayed significant volatility on Monday with the front month contract trading a range of over 12p over the session. Having opened the week below the near 7-month lows seen by the close on Friday, prices began to incline early in the afternoon on speculation that Donald Trump was planning a […]
Brent fell to its lowest level since August 2021 on Friday as fears of global recession grow
Gas Market After the sharp declines on Thursday, the near NBP curve extended losses through Friday as fears of a global recession grew. The Chinese government announced reciprocal tariffs of 34% on U.S. exports on Friday increasing fears of a global trade war and the global markets contracted for a second day. Natural gas […]
Energy prices remain under pressure this morning as the markets fear a tariff war will lead to demand destruction
Gas Market Having opened lower following Trump’s tariff announcements, NBP futures continued to extend losses through Thursday as fears of demand destruction grew. The front month, May, settled at 95.38p per therm having declined by 3.95p which was just below the average loss for the remaining summer months for the day. The Winter-25 contract yielded […]
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