Gas Market The energy markets remained on edge on Thursday morning following the U.S. President’s post in which he declared he had agreed a framework for a future deal on Greenland. Mr Trump apparently had a productive off ramp meeting with the General Secretary of NATO, Mark Rutte on Wednesday evening, but no details were […]
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NBP gas prices rose sharply on Wednesday following further gains made across the U.S. Henry Hub gas market and increased risk of severe weather conditions for Europe.
Gas Market NBP gas prices rose sharply on Wednesday following further gains made across the U.S. Henry Hub gas market and increased risk of severe weather conditions for Europe. Arctic weather conditions have swept through the U.S. Midwest and North East, driving fears around disruptions to LNG feedgas flows. With the adverse weather expected to […]
Near curve gas prices rebound following Monday’s losses
Gas Market Gas prices edged higher at settlement on Tuesday, recovering modestly after Monday’s losses as strength in U.S. Henry Hub prices provided support. While milder conditions across western Europe limited upside, forecasts for a renewed cold spell in the U.S. Midwest and Northeast lifted U.S. gas prices, feeding through to LNG-linked pricing and underpinning […]
Energy Markets Ease as Weather and Geopolitics Reshape Sentiment
Gas Market Gas markets remained volatile on Monday following the previous session’s sharp correction, though prices at the front of the curve stayed elevated. Tight storage levels, ongoing weather uncertainty and geopolitical risk continued to leave the prompt highly sensitive. In intraday trade, the front-month February contract fell by almost 10% at its lows before […]
Near months of the NBP surged higher on Friday
Gas Market The NBP near curve opened with sharp gains on Friday and these were extended through the morning with February peaking at 99.67p per therm as traders looked to cover short positions. Cooler temperatures along with lower wind generation has been forecast for the next two weeks and a prolonged cold spell raised concerns […]
The recent volatility exhibited on the NBP prompt and near curve continued yesterday, with concerns around declining European storage levels and continued cold weather supporting prices.
Gas Market The recent volatility exhibited on the NBP prompt and near curve continued yesterday, with concerns around declining European storage levels, continued cold weather and geopolitical unrest supporting prices. European storage levels currently stand at 51.9%, 12.3% lower than this time last year. And with long-term forecasts suggesting cold conditions will persist across Europe […]
The cold spell forecast to last for the next two weeks continued to underpin prompt prices yesterday
Gas Market The cold spell forecast to last for the next two weeks continued to underpin prompt prices yesterday while the near curve yielded most of the morning’s gains late in the session. Temperatures across Northern Europe are expected to move below seasonal norms while wind generation is also tipped to remain below recent […]
Gains were largely concentrated at the prompt and near curve of the NBP on Tuesday
Gas Market Risk premium inflated NBP futures on Tuesday morning though strength faded beyond the front quarter and longer curve contracts settled relatively flat or slightly lower at the close. Gains were largely concentrated at the prompt and near curve as the market balanced rising geopolitical tensions in Iran against forecasts for cooler temperatures for […]
Gas, Power and Oil Rally as Tight Supplies and Geopolitical Risk Lift Energy Markets
Gas Market Gas prices strengthened sharply on Monday as near-curve NBP contracts traded bullishly on tightening fundamentals. The front-month contract rose 5.40p, or 7.4%, to 78.55p/therm, while the day-ahead gained 6.15p to 79.65p/therm amid lower wind generation forecast over the next two weeks, pushing prices to multi-week highs. Support came from tighter storage levels, downward […]
Upside across the NBP curve on Friday was driven by intensifying geopolitical tensions in Iran, raising the risk of potential disruptions to LNG supply chains.
Gas Market NBP prices gained back a portion of Thursday’s declines on Friday, but still ended the session lower week-on-week. Upside was driven by intensifying geopolitical tensions in Iran, raising the risk of potential disruptions to LNG supply chains. However, with 10 LNG cargoes currently scheduled to arrive into the UK over the next two […]
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