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UK gas market appeared firm in the early hours of trading yesterday  Sentiment in the UK gas market appeared firm in the early hours of trading yesterday, however as the day progressed the market lost grip of its gains and eventually settled lower on the day. NBP front month gas contract settled just shy of […]

NBP prices continued their recent slide NBP prices continued their recent slide, but at a much slower pace. Having lost circa 19.00p per therm a contract across the near curve, yesterday saw more modest losses of almost 5.00p across contracts as far out as Winter-23. Prompt market also saw minimal losses with day ahead closing […]

NBP prices retreated significantly on Tuesday NBP prices retreated significantly on Tuesday, removing some of the recently made gains. The low wind generation, 20.00% below seasonal averages, recorded over recent days is expected to end over the remainder of the week, with forecasts for next week showing generation beyond normal levels. This should reduce the […]

The UK gas market reversed direction yesterday The UK gas market reversed direction yesterday to record nominal losses during Monday’s session. Despite British temperatures and wind power generation both projected to remain below seasonal normal levels for the remainder of the week, heathy storage levels prevented an uptick in prices. Unplanned outages at the Norwegian […]

 NBP near curve contracts ticked up on Friday After finishing fairly flat on Wednesday and Thursday, NBP near curve contracts ticked up on Friday with the February and March contracts adding an average of 16.58p.   The front season contract climbed by a similar amount to settle at 173.28p and was up almost 5.00p for the […]

 Momentum in the UK gas market was mixed yesterday Momentum in the UK gas market was mixed yesterday, with prices opening in positive territory, before reversing the previous sessions gains in the afternoon. However, in the last hours of trading the market moved once again and gains were eroded to fractional upticks. The front month […]

UK gas prices extended gains for the second consecutive session UK gas prices extended gains for the second consecutive session on Wednesday. However, prices continued to trade well below the previous price spike in December and it remains unclear on where the market will go at the point of delivery for future dated contracts. Strong […]

Wind generation output is also expected to fall to 20.00% below seasonal averages UK NBP prices reversed their recent trend yesterday with gains recorded across the curve. UK temperatures are forecast to remain under seasonal normal averages for the week before approaching normal levels next week, maintaining demand for gas for heating. Wind generation output […]

Ample storage levels and continued healthy LNG deliveries prevented a rally in gas prices Despite temperatures declining to below normal levels, raising the demand for gas for heating, Monday saw another session with NBP prices retreating significantly. Ample storage levels and continued healthy LNG deliveries prevented a rally in gas prices in the face of […]

Near months are close to thirteen-month lows Near futures on the NBP curve reversed the gains from the previous session on Friday as February settled at 162.54p.  Near months are close to thirteen-month lows and have shed between 7.50p and 14.40p over the week as the high levels of storage gas and robust LNG deliveries […]