Uncategorised

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 […]

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 […]

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 […]

Gas Market The NBP wholesale gas market opened sharply lower on Tuesday, following early morning reports that a ceasefire had been agreed between Israel and Iran. The front-month July contract opened at 85.50p/th and held onto those losses throughout the day. Similarly, the Winter-25 contract opened 10.07p lower than Monday’s close and settled at 96.23p/th, […]

Gas Market Geopolitical uncertainty continued to influence gas markets on Monday, as traders closely monitored Iran’s potential response to U.S. strikes and the risk of a blockade of the Strait of Hormuz. The NBP front-month contract spiked to an intra-day high of 99.45p/th amid heightened tensions but later eased, settling down 0.73p at 95.46p/th. The […]

Gas Market The NBP market eased somewhat on Friday after Thursday’s sharp gains. U.S President Donald Trump announced late on Thursday that he would take two weeks to make a decision as to whether or not the U.S. would directly join the conflict between Israel and Iran. The decision-making delay created a window of opportunity […]

Gas Market The gas markets opened with strong gains yesterday stoked by fears of an escalation in the war between Israel and Iran. The front months have gained an average of 14.00p per therm over the week since Israel attacked Iranian nuclear sites and the conflict continues to raise fears of a disruption to oil […]

Gas Market On Wednesday, UK gas markets experienced a slight pullback amid a tense global backdrop. The front-month NBP contract dipped by 1.65 pence, settling at 91.28 p/therm, retreating from an intra day high of 95.62p/therm. The decline followed reports that Qatari LNG exports have remained stable despite the recent attack on the South Pars field, a […]

Gas Market Gas prices rose on Tuesday, reversing Monday’s brief dip, as Israel rejected Iran’s proposal to de-escalate regional tensions and Trumps call for Iran’s “unconditional surrender”. The July gas contract opened strongly at 90.17p/th, up 1.09p from Monday’s close. Prices continued to climb throughout the day, buoyed by the partial shutdown of Iran’s Pars […]

Gas Market NBP gas prices saw a mixed session on Monday, as ongoing tensions between Israel and Iran continued to inject geopolitical risk into the market. Concerns over global LNG supply security were heightened following reports of an Israeli strike on Iran’s South Pars gas field and the potential threat of a blockade in the […]