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Gas Market On its final day trading as front month on the ICE platform, September traded to a high of 93.79p per therm before expiring at 91.73p with a loss of just over a penny.  The contract had traded down to a low of 90.85p as concerns of increased geopolitical tensions in the Middle East […]

Gas Market Geopolitical risk kept gas prices across Europe propped up on Wednesday while late volatile trading saw NBP futures ease before the close. The near curve settled an average of 0.60p lower after some wide swings in prices in the last hour or two of trading.  Buying activity was centered on the September contract […]

Gas Market Following the long weekend in the UK the NBP gas market opened strongly on Tuesday and continued higher throughout the day. The bullish tone was set early following the attacks by Russia on Ukrainian energy infrastructure over the weekend and the confirmation that a ceasefire agreement would not be reached in the Middle […]

Intra-day Report Yesterday, UK gas and power markets were closed due to a UK Bank Holiday. European carbon prices eased on Monday, driven down by low liquidity due to the Bank Holiday as well as easing concerns around transit supply via Ukraine to Europe. European gas markets however edged up on a possible escalation of […]

Gas Market NBP contracts edged up on Friday, retracing most of the previous session’s losses. Outside of the front month, which gained 1.11p per therm day-on-day, near months averaged increases of a modest 0.39p per therm. Traders appear to be tentative to any potential supply risk, such as the impending start to planned maintenance on […]

Gas Market It was another day where early gains to the NBP curve were reversed through the session while weak fundamentals weighed in the afternoon.  Premium had been added over two weeks ago when Ukraine attacked the town of Sudzha in the Kursk region of Russia.  This threatened the gas interconnector in the area which […]

Gas Market   On Wednesday we witnessed the near NBP curve edge higher by around a penny and a half before contracts tumbled into negative territory during the afternoon session. Significant losses were posted on Tuesday, and it was no surprise to see minor gains after market opening as traders took advantage of the dip […]

Gas Market NBP Gas prices tumbled in afternoon trading on Tuesday as the front month declined by 4.67p/th from Monday’s settlement. Closing at 91.46p/th the September contract had traded as high 97.19p/th, before sliding to a low of 90.75p/th just prior to settlement. Market fundamentals seem to have finally exerted some influence over the NBP […]

Gas Market Gains across the NBP prompt were strong on Monday, driven by an unplanned outage the Gullfaks platform in the North Sea which could potentially limit Norwegian gas flows into the U.K. Cooler than normal temperatures forecasted for the majority of the rest of the month also added to the upside, pushing the Day […]

Gas Market The majority of curve contracts across the NBP settled below their previous close on Friday, although late afternoon gains threatened to undo almost all of the earlier losses. Having traded as low as 93.96p per therm, the front month contract closed at 95.28p per therm, down 0.34p day-on-day. The Winter-24 contact fell by […]