Gas Market Market prices remained highly sensitive to geopolitical headlines and trade-war fears yesterday with choppy trade once again characterising the session. A proposed 30-day ceasefire in Ukraine hangs in the balance as the Kremlin said on Wednesday it was awaiting firmer details from Washington, with prices seemingly reluctant to fall by any meaningful degree […]
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NBP forward and prompt prices increase on the back of heightened geopolitical tensions and increased gas for power demand
Gas Market A late rally Tuesday saw European gas prices make notable gains from the previous session. Bullish sentiment was driven by heightened geopolitical tensions as the market awaited updates from the talks in Jeddah where Ukrainian and American officials met to negotiate a framework for a minerals deal and a ceasefire. The NBP front-month […]
Last week’s volatility extended into Monday, with a combination of geopolitical headlines and mixed fundamentals driving upside across the NBP
Gas Market A combination of geopolitical headlines and mixed fundamentals continued to drive volatility on the NBP on Monday. After opening the week at 94.66p per therm, the front month contract moved up through the morning and into the afternoon, eventually closing at 100.81p per therm, just 4 pence shy of the intra-day high. […]
The NBP near months gained an average of 4.40p on Friday after Russian attacks on Ukraine energy infrastructure
Gas Market A highly volatile session for gas prices across the curve saw significant price swings. The NBP front-month contract hit intra-day lows of 88.71p and highs of 101.54p before settling at 97.70p/th, up 4.67p. This rebound in prices from multi-month lows was driven by reports on Friday morning of intensified Russian attacks on Ukrainian […]
Gas prices broke through the 100p resistance level yesterday
Gas Market Gas prices broke through the 100p resistance level yesterday, as the NBP front-month April contract plummeted by 7.07p to 93.03p/therm, its lowest settlement price since September 2024. This selloff, which drove prices to new five-month lows, was triggered by reports that EU leaders were considering the resumption of Russian gas transit via […]
Volatility ensued across the NBP market on Wednesday, with prices ultimately finishing below their previous close
Gas Market A choppy morning session across the NBP on Wednesday ultimately resulted in losses during the afternoon. Ongoing hopes of peace in Ukraine continued to feed downside into prices, while bearish Asian spot LNG costs also weighed on the market. Asian spot LNG prices declined sharply yesterday on high Japanese stocks and falling Chinese […]
NBP near-curve forward contracts dropped by an average of 3.4% at the close on Tuesday
Gas Market NBP gas prices fell back into negative territory yesterday as above-average temperatures and strong wind generation contributed losses on the prompt. The Day-Ahead contract declined by 5.33p to 102.95p/therm. Meanwhile, gains from the previous session along the forward curve were erased following a White House announcement suspending military aid to Ukraine, which could […]
NBP futures opened in bullish form on Monday after Friday’s heated meeting between Presidents Trump and Zelenskyy
Gas Market Gas prices surged yesterday morning following a tense meeting between Trump and Zelenskyy on Friday. The meeting, initially expected to precede the signing of a minerals deal, instead cast further doubt on the likelihood of a ceasefire agreement. As a result, the front-month NBP April contract spiked to an intraday high of 112.50p/therm […]
Strong selling activity on Friday weighed on NBP curve contracts, with the new front month contract falling by 2.29p per therm day-on-day
Gas Market A volatile week ended on a choppy note on Friday with NBP curve contracts opening above their previous close only to fall back later in the session. With April taking over as the front month, the contract closed the week at 104.83p per therm, down by 2.29p day-on-day on strong selling activity during […]
Wholesale gas prices recovered yesterday with March increasing by 8.01p on its final day
Gas Market British and European wholesale gas prices rebounded on Thursday due to technical buying and strong demand. On its final day of trading, the front-month NBP contract rose by 8.01p to 106.79p/th, more than recovering the previous day’s losses. Prices had dipped below the 100.00p per therm mark for the first time this […]
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