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Gas Market NBP prices were uncertain over what direction to take on Wednesday morning, but ultimately moved lower as the day progressed. A balanced system, strong supply from Norway, as well as forecasts for strong winds for the coming days eased some short-term supply concerns. Day ahead fell by 4.40p day-on-day to settle at 124.10p […]

Gas Market  Gas prices increased due to a combination of factors. Gas flows to one of the US largest LNG facilities, Freeport were halted due to the extreme weather conditions in the US. The storm has also caused ports in the area to close, restricting LNG tankers’ ability to load at the facility. The uncertain […]

Gas Market NBP prices had a volatile start to the week on Monday, with near curve contacts trading across a wide spread after opening below their previous close. The February-25 contract reached an intra-day low of 116.90p per therm early on, but went on to settle at 121.35p per therm, a 3.04p premium to its […]

Gas Market  NBP futures tracked Dutch gas prices higher on Friday and near months settled an average of 1.86p per therm higher. The TTF rose on the back of higher carbon EUAs on the day as the Spot price for European allowances climbed to a 14-month high. Friday’s gain of 1.92p for the front month […]

Gas Market Near months for the NBP curve eased by around 2.00p early on Thursday but with reports of Isreal potentially holding up the ceasefire the market failed to gain any further momentum. The February contract settled 2.06p lower at 116.39p per therm while the Summer-25 contract was down 1.40p at 114.13p.  After opening softer […]

Gas Market The NBP experienced choppy trade activity on Wednesday, with prices spending much of the session above their previous close before tapering off in the afternoon. An uncertain supply outlook for the coming months as well as simmering geopolitics drove volatility on the day. Muted competition for LNG from Asian markets amid high Japanese […]

Gas Market  Following Monday’s sharp gains, the market appeared poised to maintain its momentum as prices traded close to Monday’s close through the morning. The front-month contract remained within a tight 1p range, oscillating half a penny either side of Monday’s 121.50p/th settlement. Similarly, the Summer-25 contract peaked at 118.72p/th, showing a modest gain of […]

Gas Market NBP futures opened sharply on Monday with a hangover from the weekend’s coverage of the UK’s storage position fuelling the market.  Storage levels for the UK have not risen above 66% of capacity (approx. 10TWh) since the summer so Centrica’s concerns when storage is around 50% may be seen as an attempt at […]

Gas Market NBP curve contracts initially opened Friday’s session in negative territory, with prices moving down throughout the morning. However, direction changed in the afternoon on reports of new U.S. sanctions against Russian oil and LNG. Further upside was gleaned from an announcement from Centrica which pointed to “worryingly low” levels of gas in storage. […]

Gas Market Premium continued to be eroded from the front of the NBP curve on Thursday, but the losses were more modest than those witnessed during the previous session.  Having declined by over 4.00p on Wednesday, the front month, February, eased by just over a penny to settle at 112.93p per therm bringing the decline […]