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Gas Market Early morning losses of around a penny on the near NBP curve were extended over the session on Monday in response to declines on the prompt and a comfortable gas system. The July contract ended the session 2.40p per therm down at 82.51p which cut the five-day increase to around a penny. Winter-25 […]

Gas Market UK gas markets were rangebound on Friday, capping off a subdued trading session after a week of mixed price movements. The front-month NBP contract slipped by 0.51p to settle at 84.91p/therm, despite the July contract posting a weekly gain of 5.29p/therm. Prices had found support earlier in the week from planned maintenance at […]

Gas Market   The front months for the NBP opened in positive territory on Thursday and early increases of around 2.00p per therm were held until the close.  Scheduled maintenance works curbed supplies from Norway as GB demand increased to 135mcm to compensate for lower wind generation on the day and the system was showing […]

Gas Market UK gas prices had a mixed session yesterday, initially rising before turning negative. The Day-ahead contract remained in positive territory, gaining 0.15p to settle at 85.70p/therm, supported by reduced renewable generation and further maintenance outages at both the Troll field and the Kollsnes processing plant. Across the forward curve, all contracts settled lower. […]

Gas Market An increase in demand over the day boosted prompt prices on the NBP while a breakdown in ceasefire talks between Russia and Ukraine supported the curve. Planned maintenance works at several Norwegian assets curbed gas imports yesterday and the GB gas system was stretched having to respond to an increase in gas demand […]

Gas Market British wholesale gas prices fell on Friday afternoon after reports emerged that Russia would send a delegation to Istanbul on Monday for a second round of peace talks with Ukraine. The front-month NBP contract shed 3.54p to 79.62p/therm, returning to levels seen prior to the recent Norwegian maintenance disruptions. However, gas prices rebounded […]

Gas Market A late afternoon fall across the NBP curve caused the near months to close down by 4.02% on Thursday. Prices declined despite uncertainty surrounding the global economic outlook in the wake of a U.S. court ruling that blocked most of President Donald Trump’s tariffs. On its final day trading as the front month […]

Gas Market NBP futures oscillated between gains and losses during Wednesday’s session before settling marginally lower. There was little news to provide direction for prices as hopes of peace talks between Russia and Ukraine have waned while negotiations on U.S. trade tariffs with China and Europe continue.  The compressor issue causing the partial outage at […]

Gas Market A combination of factors saw NBP curve contracts edge up on Tuesday, while a series of maintenance issues held up the prompt. Trump’s announcement over the weekend of a delay to the potential 50% tariffs on the EU was price supportive. Meanwhile, recent Norwegian outages and unplanned outage extensions could put additional pressure […]

Markets this morning The unplanned outage at the Troll gas field continues to dog Norwegian exports this morning, and the UK gas system is showing a 7mcm deficit.  Demand is pitched at 125mcm for the day with strong renewables denting requirements for gas the power stack. NBP futures opened higher after the bank holiday with […]