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Gas Market Price fluctuations across global markets, including the NBP, due to Donald Trump’s tariffs continued on Friday. Curve prices made modest gains despite news that China would raise import taxes on U.S. goods to 125%, further stoking fears of a global recession. The front month contract closed the session at 83.10p per therm, up […]

Gas Market   The gas markets opened firmer on Thursday following a step back from President Trump as he paused the latest tariff increases for 90 days late on Wednesday.  Near months for the NBP increased by around 4.50p per therm through the early part of the session but uncertainty in the markets and the […]

Gas Market Another day of turmoil across financial and commodity markets ensued on Wednesday, with the NBP closing prior to the announcement from Donald Trump of a 90-day pause on reciprocal tariffs against non-retaliatory countries. Instead, following the commencement of the initial reciprocal tariffs, including an increase on China to 104% and China’s subsequent announcement […]

Gas Market The NBP market remained largely rangebound throughout the trading session, as participants awaited further developments in the U.S.-initiated trade dispute. Monday’s rebound — prompted by an erroneous report suggesting a pause in tariff measures — proved short-lived, with near-curve prices returning to parity with Friday’s close. Since the announcement of President Trump’s tariffs, […]

Gas Market The NBP market displayed significant volatility on Monday with the front month contract trading a range of over 12p over the session. Having opened the week below the near 7-month lows seen by the close on Friday, prices began to incline early in the afternoon on speculation that Donald Trump was planning a […]

Gas Market   After the sharp declines on Thursday, the near NBP curve extended losses through Friday as fears of a global recession grew.  The Chinese government announced reciprocal tariffs of 34% on U.S. exports on Friday increasing fears of a global trade war and the global markets contracted for a second day.  Natural gas […]

Gas Market Having opened lower following Trump’s tariff announcements, NBP futures continued to extend losses through Thursday as fears of demand destruction grew.  The front month, May, settled at 95.38p per therm having declined by 3.95p which was just below the average loss for the remaining summer months for the day. The Winter-25 contract yielded […]

Gas Market European gas prices fell late in the session on Wednesday, as discussions continued around relaxing EU storage targets and the global demand outlook was rattled by U.S. President Trump’s Liberation Day announcement of reciprocal tariffs on a wide range of trading partners. The NBP front-month May contract settled down by 3.32p at 99.33p/therm, […]

Gas Market  NBP gas prices opened in negative territory, but the decline was short-lived as prices rebounded in the early afternoon and continued to rise, with the front-month contract settling 5% higher at 102.65p/th. The upward momentum was driven by two separate reports originating from Moscow. The initial price surge followed Russia’s announcement of its […]

Gas Market European gas prices were mixed yesterday as the market awaited the outcome of the European Commission’s meeting regarding a proposed extension to gas storage filling targets, aimed at introducing greater flexibility. European storage levels closed the winter period with three consecutive days of net injections, bringing total storage to 33.72% full—significantly lower than […]