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Gas Market Gas prices remained firmly weather-driven yesterday, with colder temperatures and below-normal wind generation forecasts supporting near-curve NBP contracts. The front-month Feb-26 contract gained 1.77p on the day to settle at 74.49p/therm. Lower temperatures across Europe lifted heating demand and drove higher storage withdrawals, with EU gas storage levels falling by 1.01 percentage points […]

Gas Market Following Monday’s sharp losses, gas prices rebounded during Tuesday’s trading session. The sell-off earlier in the week prompted renewed buying interest, particularly along the near curve, where the February contract settled at a premium of 1.88p/th to Monday’s close, assessed at 72.72p/th. Prices were further supported by a downward revision to UK temperature […]

Gas Market The NBP gas curve made strong losses on Monday despite rising geopolitical tensions over the weekend. With a forecasted increase in temperatures from the middle of the month expected to cap demand levels, the front month contract opened 1.26p lower than Friday’s close and continued to trend down as the session progressed. A […]

Gas Market British NBP wholesale gas prices rose on Friday morning as cooler-than-seasonal temperatures lifted gas demand for heating. The front-month Feb-26 contract settled 1.95p higher at 75.76p/therm, supported by forecasts indicating the cold spell across Britain and central Europe will persist for longer than previously expected, alongside downward revisions to generation. Gains were capped […]

Gas Market On Wednesday the NBP curve moved higher in the early morning, and those gains were retained through the session. The new front month for the NBP, February, settled 1.75p per therm up at 73.81p in response to the cooler temperatures forecast for the start of the year. Gains to contracts further along the […]

Gas Market Monday’s gains were largely retraced across the NBP curve yesterday, with the near months shedding an average of 1.84p per therm day-on-day. With contracts appearing to have been overbought during the previous session, Tuesday’s losses were seen as a correction. A revised temperature outlook for slightly warmer than forecast conditions during the first […]

Gas Market A downward revision to European temperature forecasts, particularly for the UK, drove a rally in gas prices across Monday’s session. The latest outlook points to temperatures well below seasonal norms over the next two weeks, prompting a short-term bullish response. Reflecting the near-term nature of this driver, gains were concentrated in the prompt […]

Gas Market Christmas Eve saw NBP curve prices edge marginally higher, if largely sideways, during the truncated trading session. Thin liquidity at the start of the holiday period allowed prices to firm slightly despite generally weak underlying fundamentals. The Q1-26 contract settled at 71.73p/th, up 0.88p/th on the day, while further along the curve the […]

Gas Market   After opening weaker, NBP futures recovered through the morning, and the front months oscillated between losses and gains as the curve wrestled to find a direction. Prices continued to move sideways through the afternoon as it appeared many traders may have headed off for their Christmas lunch before breaking up for the […]

Gas Market A healthy supply outlook persuaded NBP curve contracts to edge down on Monday following three consecutive days of gains. Following a brief spell of withdrawals during the first week of December, storage injections picked back up, with fullness levels currently sitting at a robust 66.89%. The LNG outlook is also ample, with five […]