Gas Market Geopolitical tensions continued to support gas markets on Thursday while rising LNG demand in Asia also added to the upside. NBP futures rose for the fifth day as contracts for the near curve posted average gains of 2.84p per therm or just over 3.0%. Concerns that the war in Gaza will spread in […]
Uncategorised
Potential risk to gas supplies due to the escalation of geopolitical tensions in the Middle East elevated NBP prices on Wednesday
Gas Market NBP contracts opened firmer again on Wednesday morning, with the new front month September-24 trading a high of 87.24p per therm before retreating back slightly to close at 86.98p per therm, a day on day increase of just over 2.00p. Risk associated with the recent escalation of tensions in the Middle East […]
The August-24 contract expired at its highest assessed level since the end of June at 80.50p/th
Gas Market NBP gas prices increased in late trading yesterday as all contracts moved into positive territory having spent much of the session just below or at Monday’s close. The August contract expired at its highest level in a month at 80.50p/th as a multitude of events conspired to push prices higher. Tensions in the […]
Heightened tensions in the Middle East over the weekend fed into gains across the NBP Monday
Gas Market Contracts across the NBP posted further gains on Monday, with near months increasing by an average of 3.46p per therm on Friday’s close. Supply risk associated with the heightened tensions in the Middle East over the weekend were cited as the main driver, while increased cyclone risk in the Gulf of Mexico which […]
A reported outage at an Australian LNG facility lifted the NBP curve on Friday.
Gas Market Contracts across the NBP prompt and curve moved up on Friday, with the near curve averaging gains of over 2.00p per therm. On the prompt, increases were driven by a downward revision to wind generation levels as well as an unplanned outage at the Visund production facility, which is expected to continue until […]
NBP contracts out to the Winter-2024 settled an average of 1.50p lower yesterday
Gas Market Ample gas supplies and a ramp up at Freeport LNG in Texas after a lowering of nominations on Wednesday weighed on European gas prices on Thursday. The near curve for the NBP partially reversed the gains witnessed during Wednesday’s session as the front month fell by 1.62p per therm. Contracts out to the […]
Concerns over the Norwegian outage schedule for August as well as bullishness across the wider energy complex lifted NBP prices on Wednesday
Gas Market Wednesday’s gains across the NBP seemingly took the market by surprise, considering the recent resumption of production at Freeport and otherwise stable fundamentals. Strength across the wider energy complex as well as a lingering level of supply risk were the only bullish factors on the day providing support to longer-dated contracts. There are […]
NBP futures eased for a third session in a row yesterday
Gas Market NBP futures continued to weaken on Tuesday as nominations at the Freeport LNG plant increased. One liquefaction train commenced operations at the weekend, and it looks like the plant was intending to ramp up a second train with the increased nominations. The gas markets across Europe eased yesterday shrugging off the extended outage […]
The restart of LNG cargo loadings at Freeport helped to push NBP curve prices down on Monday
Gas Market The commencement of LNG cargo loadings at the Freeport facility helped to ease recent supply fears surrounding U.S. LNG exports, with most NBP curve contracts shedding value on Monday as a result of the news. However, with persistent high temperatures in Asia, as well as uncertainty around the full restart at Freeport, the […]
The global IT outage caused disruptions across energy markets on Friday, with NBP trade activity down 75% day on day
Gas Market NBP gas prices changed direction again on Friday, with losses exhibited across the board. The global IT outage experienced on the day caused disruption across energy markets in the morning session, with trade activity reducing by 75% compared to Thursday. With fewer traders able to access the market as a result, those with […]
Archives by Subject: