Uncategorised

Gas Market Following two consecutive days of gains, the NBP wholesale gas market moved lower on Thursday. Losses were more pronounced on the near curve, while thin trading activity beyond Summer-26 resulted in only minor day-on-day movements. November, in its final day of trading, fell 2.79p/th to settle at 77.77p/th, marking the month 0.37p below […]

Gas Market NBP curve contracts moved up for the second consecutive day on Wednesday despite market fundamentals remaining largely unchanged. On its penultimate day trading as the front month contract, November 25 increased by 0.95p to settle at 80.56p per therm. Slightly further out, gains were more pronounced, with the Q1 26 contract closing up […]

Gas Market Cooler temperatures are forecast for northern Europe over the weekend and this combined with lower levels of wind generation provided some support to prompt and near months of the NBP yesterday. The Day ahead added 1.50p per therm while on the curve, November, front month reversed some of Monday’s losses by adding 0.85p.  […]

Gas Market NBP gas futures drifted lower at the end of last week and into Monday, remaining confined to a narrow trading range as mild weather and strong LNG send-out maintained comfortable supply conditions. The Summer 26 contract fell 0.62p on Friday and a further 1.73p on Monday to settle at 74.81p/therm. On the prompt, […]

Gas Market Gas prices strengthened on Thursday, supported by a broader rally in energy markets after the U.S. Treasury announced sanctions on major Russian oil companies, lifting sentiment across the complex. Near-curve NBP contracts rose an average of 2.56%, while the Summer-26 contract gained 1.52p (2.02%) to close at 77.16p/therm. Further bullish momentum came as […]

Gas Market The EU approved its 19th raft of sanctions on Russia yesterday which included an LNG ban. The GB gas markets failed to react as a number of LNG cargoes are expected before the end of the month which will bring the number of deliveries this month to 11 which is a couple more […]

Gas Market A healthy gas system weighed on the Spot price yesterday as wind generation increased to displace gas fired units from the power stack.  The Within-day prices settled 9.45p lower yesterday as wind generation rose to 15.0GW, covering almost 45.05 of power demand on the day. Forecasts for cooler temperatures from the weekend left […]

Gas Market NBP curve products extended last week’s losses on Monday with contracts reaching fresh intra-day 18-month lows. Although the market oscillated between negative and positive territory during the session, the front month contract reached an intra-day low of 79.75p per therm and went on to close at 80.30p per therm. Losses were similar further […]

Gas Market NBP gas prices eased on Friday, with forward contracts remaining rangebound amid steady supply and strong wind generation reducing gas-for-power demand. The front-month November contract fell 1.68p to 80.69p/therm on the day, down 1.54p or -1.87% from the previous week’s close. On the geopolitical front, a tense meeting between Presidents Trump and Zelenskyy […]

Gas Market With reports of Russian overnight attacks on Ukrainian energy infrastructure the gas markets opened firmer on Thursday. It was one of the most extensive attacks launched by Russia this year targeting Ukraine’s gas production facilities in Kyiv. The front month for the NBP opened just shy of a penny higher but climbed to […]