Gas Market Ample gas supplies and a ramp up at Freeport LNG in Texas after a lowering of nominations on Wednesday weighed on European gas prices on Thursday. The near curve for the NBP partially reversed the gains witnessed during Wednesday’s session as the front month fell by 1.62p per therm. Contracts out to the […]
Uncategorised
Concerns over the Norwegian outage schedule for August as well as bullishness across the wider energy complex lifted NBP prices on Wednesday
Gas Market Wednesday’s gains across the NBP seemingly took the market by surprise, considering the recent resumption of production at Freeport and otherwise stable fundamentals. Strength across the wider energy complex as well as a lingering level of supply risk were the only bullish factors on the day providing support to longer-dated contracts. There are […]
NBP futures eased for a third session in a row yesterday
Gas Market NBP futures continued to weaken on Tuesday as nominations at the Freeport LNG plant increased. One liquefaction train commenced operations at the weekend, and it looks like the plant was intending to ramp up a second train with the increased nominations. The gas markets across Europe eased yesterday shrugging off the extended outage […]
The restart of LNG cargo loadings at Freeport helped to push NBP curve prices down on Monday
Gas Market The commencement of LNG cargo loadings at the Freeport facility helped to ease recent supply fears surrounding U.S. LNG exports, with most NBP curve contracts shedding value on Monday as a result of the news. However, with persistent high temperatures in Asia, as well as uncertainty around the full restart at Freeport, the […]
The global IT outage caused disruptions across energy markets on Friday, with NBP trade activity down 75% day on day
Gas Market NBP gas prices changed direction again on Friday, with losses exhibited across the board. The global IT outage experienced on the day caused disruption across energy markets in the morning session, with trade activity reducing by 75% compared to Thursday. With fewer traders able to access the market as a result, those with […]
Near NBP months averaged gains of 1.88p yesterday
Gas Market NBP futures switched direction on Thursday with near contracts reversing most of Wednesday’s losses as LNG tankers queued in the Freeport channel. Yesterday’s Nominations for Freeport LNG in Texas were around a third of normal capacity indicating one of the liquefaction trains was in operation although no cargoes have been loaded yet. The […]
The NBP partially retraced Tuesdays gains, with the Spot market declining by 4% day on day
Gas Market On Wednesday NBP prices retreated from the previous day’s highs with the Spot and curve contracts all shedding value. LNG risk was still a focus of curve contracts as the market remained tentative to the latest developments at Freeport LNG, with Train 1 expected to restart this week, but actual loadings are not […]
Brent posted it largest one-day loss since early June
Gas Market Near curve and prompt prices for the NBP rebounded on Tuesday with support coming from a tight gas system due to planned maintenance works and reports of an outage at Freeport’s LNG facility in Texas. The front month was up over 4.50p per therm reaching an intra-day high of 76.93p before settling at […]
Weakness returned to the NBP on Monday with losses observed across both prompt and curve products.
Gas Market Losses across the NBP prompt and curve were consistent on Monday with weak fundamentals overpowering some minor bullish indicators. Healthy storage levels are playing into the downside on the near curve with European storage levels now higher than this time last year at 77.0% full and British LNG storage facilities currently sitting at […]
Thursday’s gains continued into Friday, with products across the NBP prompt and curve exhibiting increases
Gas Market NBP products across both the prompt and curve made gains on Friday, with the biggest increases observed on short and near-term contracts. Winter-24 settled at 94.59p per therm, an increase of 1.09p day on day, while the front-month contract finished up by 0.95p to close at 73.12p per therm. Despite the gains experienced […]
Archives by Subject: