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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 […]

Gas Market The NBP recovered Wednesday’s losses during yesterday’s session as concerns over Russian gas supplies buoyed European gas prices. The markets have been inflated since the end of July due to geopolitical risk with the war in Gaza threatening to expand while recently Ukraine forces have taken the conflict into the Kursk region of […]

Gas Market   Early gains to the near curve of the NBP were pared back over the rest of the morning and contracts oscillated between gains and losses before pressure from the prompt weighed later.  While the conflict intensified in the Kursk region, gas flows from Russia to Europe at the border town of Sudzha […]

Gas Market Despite the ongoing conflict in the vicinity of the cross-border interconnector at Sudzha gas flows have remained constant from Russia into Europe. As a result, the weakening in gas prices witnessed on Monday afternoon continued into Tuesday’s session. Near-curve contracts were impacted the most as the September contract shed 0.79p/th to settle at […]

Gas Market In yet another volatile trading session, NBP contracts initially moved higher on Monday, with the front month contract reaching an intra-day peak 104.77p per therm. However, as the market digested the news that gas flows into Europe have so far been uninterrupted by the continued fighting in the Kursk region of Russia at […]

Gas Market The NBP remained elevated on Friday, although gains across the curve were less pronounced than those exhibited earlier in the week. Activity on the prompt was more volatile however, with Day ahead posting a day on day gain of 4.05p to settle at 82.80p per therm. An unplanned outage at Norway’s Kollsnes facility […]

Gas Market Gas prices continued to rise yesterday despite consistent gas nominations transiting the Russian Ukraine boarder near Sudzha.  The market had reversed early morning gains with near months briefly trading below Wednesday’s close, however with more Russian troops being deployed to defend the border town, concerns of disruption to the gas infrastructure were heightened […]

Gas Market Near curve NBP gas contracts opened in negative territory and continued to fall in early trading. The market appeared to be reassessing the risks associated with escalation in the Middle East and weighed them against the strong market fundamentals that persist in Europe despite some niggles with production in Norway. However, not long […]

Gas Market Recovering stock markets and heightened weather-related demand in Asia pushed NBP prices back up on Tuesday wiping out most of Monday’s losses in the process. The front month contract settled above 90.00p per therm for the first time since December 2023, closing at 90.29p per therm, a day on day increase of 3.24p. […]

Gas Market After a relatively flat day of trading on Friday, the NBP exhibited more pronounced losses on Monday, with near months falling by an average of 2.41p per therm day on day. A significant sell-off and subsequent drop in global financial markets as well as weakness across the TTF fed into the decline on […]