Demand climbed to a new winter-to-date high of 412MCM As demand climbed to a new winter-to-date high of 412MCM, deliveries remained ahead of demand throughout the trading day and prompt gas prices fell as a result. The day ahead contract shed 2.45p while the balance of month contract was down by 3.05p as milder weather […]
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Crude oil markets continued on an upward trajectory
The system was comfortable with a surplus of 12MCM throughout the day While Wintry conditions continued over the UK and Ireland, the gas market seemed to be less concerned on Tuesday as much of the premium added in the previous session evaporated. Demand remains high and on par with the previous day at 401MCM. The […]
Crude oil prices continue the run of gains
Prompt gas prices, which had opened sharply higher, went on to register further gains As temperatures fell to below zero in parts of the UK over the weekend, the cold spell intensified yesterday, pushing demand on the UK gas system to almost 400MCM. Wind generation accounted for 25% of GB power demand on the day, […]
Carbon prices gained to settle at new record high levels
The day ahead contract gained a penny but movement on the prompt market was otherwise mixed. UK gas prices gained for a second consecutive day on Friday, but it was not enough to overcome the sharp losses of earlier in the week and near futures prices finished lower week-on-week. Futures contracts at the NBP recorded […]
Carbon EUAs moved up by around 2% yesterday
The near curve continued to move higher through the afternoon with February peaking at 58.65p Forecasts for cooler temperatures along with low winds for the start of February spurred on the prompt and near curve on the NBP yesterday. The front month contract, February, which expired on ICE yesterday came out of the blocks with […]
For a second consecutive day, crude oil prices gained
The front month contract recorded the most significant move on the day Lower heating and gas-fired power generation saw demand on the UK gas system running just under 300MCM and deliveries ran 10 to 15MCM long yesterday. The well-supplied gas system remained in surplus throughout the trading day and prompt gas prices eased by an […]
Highest recorded price this year for carbon
The UK NBP market was much more stable during trading on Tuesday. Following the previous session of sharp losses, the UK NBP market was much more stable during trading on Tuesday. We have become used to large rises and falls in prices in recent time but yesterday proved to more modest as contracts did not […]
Crude oil prices gained on Monday with Brent crude up
UK gas market experienced a sharp downward correction on the first trading day of the new month Despite above normal demand yesterday, the UK gas market experienced a sharp downward correction on the first trading day of the new month. Despite high demand levels and forecasts for further cold weather, a greater level of confidence […]
Demand on the UK gas system has risen
The positive supply margin helped prompt gas prices fall With temperatures rising above the seasonal norm on Friday, demand on the UK gas system remained below 300MCM and a positive supply margin prevailed throughout the trading day. The positive supply margin helped prompt gas prices fall by an average of 2.00p while the new front […]
Carbon EUAs moved up by around 2.0% per tonne
The near curve continued to move higher through the afternoon Forecasts for cooler temperatures along with low winds for the start of February spurred on the prompt and near curve on the NBP yesterday. The front month contract, February, which expired on ICE yesterday came out of the blocks with gains of over 2.00p in […]
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