Gas Market An increase in demand over the day boosted prompt prices on the NBP while a breakdown in ceasefire talks between Russia and Ukraine supported the curve. Planned maintenance works at several Norwegian assets curbed gas imports yesterday and the GB gas system was stretched having to respond to an increase in gas demand […]
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NBP gas prices Rebound as Geopolitical Tensions in Ukraine Escalate
Gas Market British wholesale gas prices fell on Friday afternoon after reports emerged that Russia would send a delegation to Istanbul on Monday for a second round of peace talks with Ukraine. The front-month NBP contract shed 3.54p to 79.62p/therm, returning to levels seen prior to the recent Norwegian maintenance disruptions. However, gas prices rebounded […]
NBP prices declined on Thursday despite global economic uncertainty in the wake of a U.S. court ruling that blocked most of Trump’s tariffs
Gas Market A late afternoon fall across the NBP curve caused the near months to close down by 4.02% on Thursday. Prices declined despite uncertainty surrounding the global economic outlook in the wake of a U.S. court ruling that blocked most of President Donald Trump’s tariffs. On its final day trading as the front month […]
The June contract is due to expire on Thursday and fell by 0.65p on its penultimate day of trading
Gas Market NBP futures oscillated between gains and losses during Wednesday’s session before settling marginally lower. There was little news to provide direction for prices as hopes of peace talks between Russia and Ukraine have waned while negotiations on U.S. trade tariffs with China and Europe continue. The compressor issue causing the partial outage at […]
A combination of factors saw NBP curve contract edge up on Tuesday, while a series of maintenance issues held up the prompt.
Gas Market A combination of factors saw NBP curve contracts edge up on Tuesday, while a series of maintenance issues held up the prompt. Trump’s announcement over the weekend of a delay to the potential 50% tariffs on the EU was price supportive. Meanwhile, recent Norwegian outages and unplanned outage extensions could put additional pressure […]
Troll Outage Pressures UK Gas System as NBP Futures Edge Higher Post-Bank Holiday
Markets this morning The unplanned outage at the Troll gas field continues to dog Norwegian exports this morning, and the UK gas system is showing a 7mcm deficit. Demand is pitched at 125mcm for the day with strong renewables denting requirements for gas the power stack. NBP futures opened higher after the bank holiday with […]
Outage at Norway’s Troll gas field offsets NBP losses triggered by Trump’s proposed EU tariffs.
Gas Market British gas prices made modest gains ahead of the UK bank holiday weekend with the NBP front month June contract increasing 0.34p to 87.15p/therm up 3.31p/therm for the week. Gas prices initially fell over 2p during Friday’s session, with the front month reaching an intra-day low of 84.3p/therm, after Trump’s announcement recommending a […]
Gas Markets Steady on Balanced Fundamentals as Oil Extends Losses on OPEC+ Concerns
Gas Market British and European wholesale gas prices declined on Thursday morning, retreating from their highest levels in over six weeks reached on Wednesday. The drop followed a recovery in Norwegian supply after recent maintenance works as total Norwegian exports increased 85mcm/d following the end of a full shutdown at Troll and Kollsnes. The front-month […]
NBP Curve contracts reversed course just before the close as contracts settled lower day on day
Gas Market NBP curve prices traded strongly on Wednesday morning, buoyed by market sentiment that a peace deal between Ukraine and Russia appeared further away than at any point since Trump’s initial talks with Putin in February, alongside increased sanctions on Russia by the EU and UK. As a result, the NBP June contract reached […]
NBP near months gained over 5% on Tuesday as hopes of a peace deal between Russia and Ukraine faded.
Gas Market NBP near months gained over 5% on Tuesday as hopes of a peace deal between Russia and Ukraine faded. Despite a two-hour phone call between Trump and Putin late on Monday which ended with the U.S. President calling for an immediate and unconditional 30-day ceasefire and a start to truce talks, Ukraine has […]
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