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The UK gas market experienced another volatile day The UK gas market experienced another volatile day of trading and though the final settlement prices were only marginally up on the previous session, significant spreads were observed through the day. Prices struggled to maintain direction and early pressure saw the front month of November trade in […]

Significant amount of volatility in the market UK NBP gas contracts reversed direction yesterday and pushed higher after 4 days of retreating. The increase was most focused on the near term with the front month of November experiencing a gain of 36.99p to settle at 315.61p a therm. December saw a similar rise of 37.35p […]

UK gas prices push lower for the fourth consecutive session The recent bearish sentiment in UK gas futures continued during yesterday’s session, as contracts ended the day lower for the fourth consecutive session. However, the downturn in prices was more modest compared to previous session. Contracts for November delivery shed 18.87p to settle at 278.62 […]

Significant risk premiums collapse in near curve contracts UK gas futures continued to sink during yesterday’s session, as significant risk premiums collapse in near curve contracts. November the front month contract settled at 297.49p, its lowest level since June 17th, to add further context the November contract peaked at 788.03p per therm on August 26th, […]

The gas market extended losses for the second session in a row The gas market extended losses for the second session in a row and contracts opened weaker and risk premium exited positions over the course of the session. The November contract assumed front month status on Friday and was under immediate pressure with the […]

The UK gas market reversed the gains of the previous sessions The UK gas market reversed the gains of the previous sessions falling considerably across the curve yesterday as the market gave up premium built in following the discovery of leaks on the Nord Stream pipelines. These facilities have not been delivering gas to Western […]

Winter 2022 came under similar pressure The UK gas market experienced significant pressure throughout the session on Wednesday as prices opened high and traded briskly. News that sabotage is the presumed cause of the leaks on the Nord Stream pipelines continues to concern markets despite the fact the facilities had zero flow rates prior to […]

 The sharp increase occurred in response to news a leak identified yesterday UK gas futures traded at approximately 10 pence to 30 pence per therm above the previous days close for the majority of the day yesterday, before a late afternoon surge drove day on day gains of as much as 85 pence per therm […]

 UK near curve contracts continued to release risk premium UK near curve contracts continued to release risk premium during yesterday’s session, however longer dated contract were boosted by a record decline in the pound sterling. October the front month contract sunk by over 65% month on month, settling at 240.78 pence per therm yesterday. Market […]

Trajectory of the UK gas market was very much in line with recent session The trajectory of the UK gas market was very much in line with recent session as prices moved between gains and losses over the course of the session on Friday.  Prices did not move too far either way as participants struggled […]