Gas Market After Wednesday’s unexpected losses natural gas futures were broadly flat on Thursday as the market awaited Ukraine’s response to the latest proposal to end the war. Near months drifted higher during the morning session without any official details from the latest peace proposal being released but it is believed that Ukraine would not […]
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US Proposal for Ukraine peace-deal pull energy markets lower on Wednesday
Gas Market NBP gas prices softened on Wednesday as milder weather revisions and strong Norwegian supply weighed on the market, with further pressure emerging after reports that the Trump administration and Russian officials have drawn up a new peace proposal for Ukraine. Losses extended along the curve, with the NBP front-month Dec-25 contract falling 2.22p […]
The first real cold snap of the winter provided support to the prompt and near curve of the NBP yesterday
Gas Market The gas markets responded to the first real test of the winter so far, but supplies held firm and gains were capped as temperatures are forecast to return to normal on Friday. Prompt prices added between 0.50p and 1.38p per therm yesterday as GB gas demand rose to 282mcm, the highest of the […]
Colder Weather Drives Prompt Gas Higher as Forward NBP Curve Steadies
Gas Market Low temperatures forecast for the rest of this week, combined with falling wind generation, continued to lift prompt prices on Monday. The within-day contract climbed 11.50p to 83.00p/therm as gas-for-power demand is expected to rise sharply in cooler conditions. Further along the curve, movements were more muted as strong LNG send-out kept the […]
Significant gains were seen on the NBP prompt market on Friday ahead of this weeks’ cold spell
Gas Market Significant gains were seen on the NBP prompt market on Friday ahead of this weeks’ cold spell. The lower temperatures were set to drive up demand for heating, while the more settled conditions supported the outlook for gas-for-power demand. As a result of the tighter conditions, the Day ahead contract jumped by 11.45p […]
The near curve of the NBP responded to the weak fundamentals yesterday
Gas Market On Thursday we witnessed the near curve of the NBP soften for the seventh out of the last eight sessions as ample supplies and mild temperatures keep the balance tipped towards the bears. The Spot and Day ahead products moved in the opposing direction yesterday responding to issues at the South Hook Terminal […]
While movement across the NBP curve was once again largely flat, forecasts for cooler temperatures supported prompt gains on Wednesday.
Gas Market Forecasts for cooler temperatures and an unexpected outage at a UK LNG facility supported the NBP prompt market on Wednesday. Temperatures are now on a falling trajectory with forecasts for below normal levels over the coming days supporting the Day ahead price, which increased by 3.60p per therm day-on-day. A trip at the […]
NBP Gas futures moved marginally higher following four days of decline
Gas Market NBP gas futures traded sideways on Tuesday, settling marginally higher than Monday’s assessment. The Q1-26 contract closed 0.32p/th higher, while the front-season Summer-26 contract settled at 74.69p/th, up 0.19p/th. Unseasonably warm weather continued to pressure prompt prices lower, contributing to overall weakness along the curve in recent days. Despite the mild temperatures, supply […]
UK Gas Extends Losses as Mild Weather and Strong LNG Keep System Long
Gas Market NBP gas futures fell on Monday, extending last week’s bearish momentum as the system ran with a strong surplus. The British grid was oversupplied by 25.7 million cubic metres (mcm) per day, and the loose balance fed through to the curve: the front month dropped 37p to 80.78p/therm, while Summer-26 settled at 74.51p/therm, […]
Crude oil prices opened higher this morning after the U.S. Senate agreed to advance a bill which could reopen the Federal government
Gas Market Market fundamentals remained unchanged on Friday and after opening slightly higher near NBP futures resumed their recent decline to leave contracts marginally higher week-on-week. The front month, December, ended the session with a loss just shy of a penny per therm while a little further along the curve, the Summer-26 product eased by […]
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