Gas Market NBP futures rose during early trading on Tuesday and maintained those gains throughout the session. The market was buoyed by news that the United States will extend its current reduced import tariffs for several countries until August 1st. This extension provided a degree of hope that a deal could be reached with major […]
Uncategorised
Fundamentals remained unchanged on Monday and near months settled marginally higher on prompt led gains
Gas Market NBP futures settled mixed on Monday but movement on the day was marginal. The fundamentals have remained unchanged for the past week, and the near curve is less than a half a penny up since Tuesday last. The front months traded in a tight range as the volatility seen through the middle of […]
With the geopolitical landscape remaining largely unchanged, NBP near and far curve contracts traded sideways on Friday.
Gas Market NBP prices traded sideways on Friday with the near months closing a touch below their previous settlements. Movement was muted across the market after U.S. President Donald Trump said he was disappointed with a phone call he had with Russian President Putin, who reinstated his disinterest in stopping Russia’s war against Ukraine. With […]
The U.S. tariff talks pressured crude oil prices on Thursday as Brent settled 31 cents down at $68.80 a barrel
Gas Market The NBP curve settled with a modest loss on Thursday as the front Winter contract declined by 0.23p per therm to reduce the gain for the last four days to just over a penny. The sideways movement reflected the market’s fundamentals as demand eased during the day with increased power generated from wind. […]
NBP forward contracts continued to edge up for a second day in a row on Wednesday following the recent downturn.
Gas Market NBP forward contracts continued to edge up for a second day in a row on Wednesday following the recent downturn. Elevated demand levels forecast for much of July, driven by hot-weather related cooling demand, created expectations that storage withdrawals could be needed over the period, which could in turn could drive up the […]
NBP Gas Breaks Run of Losses Amid Return to Tightening Supply Fundamentals
Gas Market NBP front-month gas broke its recent losing streak on Tuesday, rising by 2.10p to settle at 79.43p/therm. The contract had previously shed 23.09p from its multi-month high of 100.42p/therm on June 19, as fading Middle East risk premiums and a return to market fundamentals pressured prices. The rebound was supported by stronger gas-for-power […]
NBP futures declined for a seventh day on Monday with pressure from market fundamentals while geopolitical tensions waned
Gas Market NBP futures chalked up its seventh successive day of declines on Monday as market fundamentals weighed on prices while geopolitical tensions continued to dissipate. The front of the curve saw losses from the get-go on Monday albeit modest and Winter-25 contract found some resistance at the 90.00p per therm mark but finally broke […]
NBP Gas Extends Losses Amid Soft Fundamentals and Easing Geopolitical Risk
Gas Market NBP gas prices continued to decline on Friday, rounding off a week of heavy losses. The front-month July contract fell by 2.33p/th on its final trading day, settling at 76.81p/th, a level last seen in early May. Over the week, the July contract dropped 19.38p/th (or 20.30%) since Monday’s close, as the risk […]
On its penultimate day, the July contract for the NBP settled 3.54p per therm down at 79.14p, the lowest settlement for July since early May
Gas Market The truce between Israel and Iran held up on Thursday and appeared to have restored some stability to the energy markets. While risk remains, the NBP futures market switched focus back to low demand and increasing levels of gas in European storage. The front months opened around 3.00p per therm lower and while […]
NBP prices held on to Tuesday’s sharp losses yesterday, with contracts largely trading flat after several days of volatility.
Gas Market NBP prices held on to Tuesday’s sharp losses yesterday, with contracts largely trading flat after several days of volatility. As the U.S. brokered ceasefire between Israel and Iran appeared to be holding and geopolitical risk remained stable, the market was more settled. As it nears expiry, the July 25 contract shed just 0.22p […]
Archives by Subject: