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Gas Market   An unplanned outage at Norway’s Oseberg field flipped gas prices on Thursday as Wednesday’s losses were partially eroded. Gassco, the Norwegian gas operator is uncertain as to the duration of the outage for now and the impact is up to 7.5mcm of capacity.  The market reacted to the news with both the prompt […]

Gas Market The NBP gas market moved back into negative territory on Wednesday. A flurry of weak fundamentals made up of higher wind-for-power generation and steady supply from Norway due to the return of several fields and terminals from maintenance played into the bear’s favour. The GB system finished the day in a long position, […]

Gas Market The NBP gas market oscillated close to Monday’s close for much of yesterday’s session. For the most part contracts traded below Monday’s close as the front season, Winter-24 fell to an intra-day low of 98.50p/th before recovering juts prior to the close, posting a day-on-day gain of 1.13p/th to close at 99.94p/th. Similarly, […]

Gas Market A more pronounced downturn in prices, particularly on the near curve, was observed across the NBP gas market on Monday. August-24, now trading as the new front month, fell by almost 5.00p from an intra-day high of 83.15p per therm to settle at 78.30p. The losses continued on the prompt, albeit to a […]

Gas Market  Direction was mixed across the NBP prompt and curve on Friday, with small gains exhibited on the far curve, while Day ahead and near curve contracts showed some mild weakness. On it’s first day of trading as the front month contract August-24 closed the day at 81.35p per therm, a decrease of 1.01p […]

Gas Market The sideways momentum continued on the NBP on Thursday with prompt and curve contracts partially retracing losses posted during the previous session. Initial upside over the course of the morning was overcome once again by a late decline as the market remained rangebound. On its final day of trade the front month, reluctant […]

Gas Market The weeks’ upward momentum continued into early trade on Wednesday morning across the NBP prompt and curve. Having breached the 83p per therm level in the morning session the front month contract softened ahead of the close to settle at 79.01p, a loss of 3% day on day. Prompt contracts followed a similar […]

Gas Market NBP near curve gas contracts extended Monday’s gains increasing in value across the session. The front month, Jul-24 was assessed at 81.59p/th at market settlement on Tuesday, a day-on-day gain of 1.90p/th. Similarly, the Q3-24 contract as it approaches expiry on Thursday, posted a gain of 1.89p/th settling at 83.92p/th. The gains came […]

Gas Market NBP near curve contracts moved in tandem with the Spot on Monday to largely trade sideways. Upside on the prompt was driven by news of unplanned outages taking place on Norway’s Dvalin and Visund platforms which were set to remove more than 20 mcm per day of capacity. A short system added further […]

Gas Market NBP futures ended the week with near contracts declining by just over a penny on Friday while longer curve contracts posted more modest losses. The front month settled below the 80.00p per therm mark for the first time in almost two weeks as demand remained subdued while supplies are healthy with European gas […]