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Gas Market Gas prices were mixed on Wednesday as the EU’s proposal to phase out Russian fossil fuels by 2027 tightened the supply outlook, while lingering U.S.-China trade tensions continued to weigh on demand expectations. Market participants are closely watching the outcome of this weekend’s trade talks, though a major breakthrough or full tariff rollback […]

  Gas Market NBP gas prices gained support in early trading in anticipation of talks between China and the United States, aimed at reaching a compromise in the tariff dispute that began in early April. Further support came from the publication of the European Commissions’ Roadmap Towards Ending Russian Energy Imports. The plan outlines a […]

Gas Market   On Friday we witnessed NBP futures rebound on speculation that the U.S. and China were preparing for trade talks. The U.S. administration have increased tariffs on Chinese goods to 145% and trade tensions have weighed on gas prices due to concerns of demand destruction.  The June contract for the NBP declined by […]

Gas Market Wednesday’s modest gains were partially retraced on Thursday as the NBP prompt and near curve fell back into negative territory. The front month contract shed 0.68p day-on-day to finish the session at 77.25p per therm, while the Winter 25 contract posted a 0.41p loss to settle at 87.60p per therm. The prompt market […]

Gas Market Wednesday sessions saw volatility in the gas market as the new front-month NBP June contract traded within a range of 3.86p, reaching an intraday high of 79.6p/therm before settling up 0.82p at 77.93p/therm. This minor rebound halted a run of losses that has brought the June contract down below 78p for the first […]

Gas Market  The May 2025 gas contract expired yesterday at 76.67 pence per therm—its lowest settlement in over a year. Since February, a series of geopolitical and economic developments have significantly weakened the gas market. The contract had peaked at 138.51p/th on February 11 but has since lost 45% over 77 days. A major factor […]

Gas Market There was more uncertainty in the markets on Monday as NBP futures oscillates between losses and gains for much of the session.  Reports that the Russian President announced a ceasefire weighed on prices briefly, but the details left the market underwhelmed. Putin is ordering a three-day ceasefire from 08-May, and this was met […]

Gas Market The NBP extended Thursday’s losses on Friday after late declines resulted in a 2.70p per therm fall across the near months. Rapidly increasing temperatures from the weekend weighed on the Spot and prompt market, with the Within day and Day ahead contracts both dropping by 4.40p per therm day-on-day. The prompt’s weakness fed […]

Gas Market NBP futures settled lower for a third day on Thursday with the May contract closing with a loss of 2.36p per therm at 81.25p. It was the lowest settlement for May in almost a year and the contract did briefly trade below the 80.00p mark dipping to 79.92p. Reports that the EU is […]

Gas Market After spending much of Wednesday morning trading above the previous close, NBP curve contracts edged back down later in the session to finish mostly flat day-on-day. Reports that the White House are considering cutting tariffs on Chinese imports as well as the impact of the possible withdrawal of the U.S. from peace negotiations […]