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UK gas prices finished mixed with a system deficit combining with higher demand UK gas prices finished mixed with a system deficit combining with higher demand providing support for the prompt and near-term contracts.   In addition, talk of some disruption at two Norwegian gas fields added to the overall negative sentiment.  The two fields in […]

Demand on the UK gas system increased sharply yesterday morning Demand on the UK gas system increased sharply yesterday morning with falling temperatures and lower wind availability. The system quickly fell into deficit and remained short to close of business as demand continued to increase throughout the day, peaking at over 280MCM. Early gains on […]

The gas markets opened firmer on Tuesday and after few hours of sideways trading The gas markets opened firmer on Tuesday and after few hours of sideways trading, prices continued to rise late in the session. The remaining months of the winter settled around a penny higher while contracts after the winter racked up gains […]

Last week’s decline in gas prices came to an abrupt halt on Monday Last week’s decline in gas prices came to an abrupt halt on Monday as near futures contracts recorded strong gains, supported by an ongoing rally on the oil market. The front month was up 1.76p and Q1 by 1.41p while the full […]

The slide in European gas prices continued for a fourth day on Friday The slide in European gas prices continued for a fourth day on Friday with near futures prices at the UK NBP down by 10% over the week. Although Friday’s losses were less significant than the previous 3 days, the front month contract […]

The gas markets were bearish yesterday as both the prompt and futures markets fell significantly With the prospect of extending lockdowns in the UK being considered, the gas markets were bearish yesterday as both the prompt and futures markets fell significantly. There was some pressure exerted on the gas system though as demand rose to […]

Near futures gas contracts at the NBP recorded significant losses for a second consecutive day Demand increased with falling temperatures and a high wind-chill factor but remained well below the seasonal norm on Wednesday. The gas system was forecast 20MCM long in the morning and despite the rising demand, remained 7MCM long at close of […]

The UK gas system operated with a surplus and line pack was expected to grow by some 14MCM by the close As mild weather continued across the UK and Ireland forecast gas demand reduced day on day to just 195MCM.  The UK gas system operated with a surplus and line pack was expected to grow […]

 Spot and day ahead contracts gained slightly Lower wind availability and higher gas-fired generation saw demand on the UK gas system increase to 220MCM on Monday, still over 50MCM below the seasonal norm. An early supply surplus if 15MCM fell off to leave the system forecast 5MCM short at close of business. Spot and day […]

Near futures gas contracts for the remaining winter months recorded gains An early supply surplus on the UK gas system was eroded as demand increased slightly over the course of the day. Wind generation, which had been running above 10GW for most of the week, fell below that level on Friday morning, requiring more gas-fired […]