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Gas prices relinquish most of Friday’s gains The comfortable UK gas system supply-demand balance on Monday saw prompt gas prices relinquish most of Friday’s gains while the pattern of futures price movement was also reversed.  Langeled flows picked up mid-morning and the system moved to surplus causing prompt gas prices to trade down with spot […]

 The market response saw prompt prices recording substantial gains on Friday An unplanned outage on the Norwegian system saw deliveries via the Langeled line fall off on Friday morning.  The UK gas system was forecast 30MCM short in the morning, but the outage proved temporary deliveries recovered later in the day and the system finished […]

UK gas market turned higher on Thursday The UK gas market turned higher on Thursday, reclaiming some of the premium shed over the previous 3 days.  Early trading on the UK gas market suggested that the rewinding of recent premium had ceased and that prices might stabilise somewhat but the upturn on the gas futures […]

UK gas prices declined sharply for a third consecutive session The market adjustment to the prolonged pattern of gains on the UK gas market intensified as prices declined sharply for a third consecutive session on Wednesday.  The premium built up in recent weeks had become unsustainable in light of falling demand accompanied by the slide […]

 UK NBP gave significant premium on Tuesday Following the recent significant bull run on gas markets the UK NBP gave significant premium on Tuesday, the second day in a row that markets had gone lower.  the losses during yesterday’s market were significant and grew as the day progressed and the sell off intensified.  Losses on […]

Prompt gas prices eased significantly Demand on the UK gas system was some 30MCM above the seasonal norm yesterday as temperatures remained below normal and wind generation was subdued.  A big increase in storage injection rates, following weeks of withdrawals, also added to the overall demand but an early system deficit was recovered as LNG […]

 UK gas prices recorded strong gains on both prompt and futures contracts on Friday UK gas prices recorded strong gains on both prompt and futures contracts on Friday with the prompt gaining additional support as the gas system experienced a supply deficit for most of the afternoon.  Carbon was again the main driver of gas […]

Prices have been elevated and increasing for the last number of sessions The UK NBP market opening considerably lower on Thursday with gas prices trading between 2.00p and 3.00p lower than the previous night’s close.  Prices have been elevated and increasing for the last number of session and Thursday’s softer market was a welcome development […]

 Gas futures recorded average gains of over a penny Temperatures fell back below seasonal levels on Wednesday and with wind generation falling below 2GW, demand on the UK gas system rose to 195MCM.  Solid deliveries levels of 200MCM maintained a supply surplus throughout the trading day but the recent bullishness on the prompt gas market […]

 Rising carbon EUAs continued to buoy the energy markets While the futures market may have opened with losses of around a penny on the near curve yesterday, the market firmed over the day as demand concerns picked up, while rising carbon EUAs continued to buoy the energy markets. Forecasts have turned cooler for the next […]