Uncategorised

 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 […]

Futures prices gained marginally on the day The UK gas system opened 9MCM short yesterday and remained 2MCM short at close of business. The persistent supply deficit did not prevent further losses on the prompt gas market on Wednesday. Despite demand falling to normal levels for this time of year, the supply side was short […]

At the close the February contract was marked down bringing the two-day loss on this contract to 6.05p The front month February contract opened weaker on Tuesday as the spill over from the previous session continued.  Losses were extended as further trades went through and it was apparent that a sell off at the front […]

 Early gains on the prompt gas market were retraced with falling demand in the afternoon The cold spell continued over the weekend and into Monday and demand on the UK gas system peaked at 376MCM yesterday morning. The system remained in positive balance throughout the trading day, helped by higher-than-forecast wind generation. Early gains on […]

Forecast lower temperatures and falling wind availability were realised on Friday Forecast lower temperatures and falling wind availability were realised on Friday and demand on the UK gas system increased to 338MCM. The cold snap was expected to remain until Monday with temperatures set to rise for the remainder of the week. Never-the-less, the week […]

Trading on near curve contracts remained volatile With temperatures dropping as the weekend approaches the spot and day ahead products firmed by around a penny yesterday while NBP futures settled mixed. UK gas demand is forecast to rise on Friday, as wind generation eases gas fired generators will be called on to shoulder the demand […]

Demand increased with falling wind availability As temperatures began to fall, the UK gas system shifted from a comfortable supply surplus yesterday morning to finish with a supply deficit of 8MCM at close of business. Demand increased with falling wind availability, adding gas-fired power demand to additional heating demand over the course of the day […]

The gas market broke a four-session losing streak The UK NBP gas market has experienced dramatic increases and declines over the past few weeks and Tuesday was no exception as the gas market broke a four-session losing streak.  Once again price volatility was mostly focused on the front of the curve, but tremors extended to […]

The system remained well-supplied however and UK prompt gas prices fell lower again Demand on the UK gas system was forecast exactly in line with the seasonal norm yesterday morning but gradually rose to 10MCM above as wind availability decreased and more gas-fired power generation was called on. The system remained well-supplied however and UK […]

 European gas prices fell for a third consecutive session on Friday European gas prices fell for a third consecutive session on Friday as Asian LNG prices fell by 25% over the period. Prompt gas prices at the NBP fell by 5.25p to 6.25p on lower demand and a well-supplied system on the day. Despite the […]