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Gas Market NBP near curve contracts appeared to take their direction from downside exhibited on the prompt on Thursday. The Day ahead and Balance of Month contracts posted the biggest losses, shedding 3 pence per therm each day-on-day. A forecasted increase in wind levels for the rest of the week, coupled with an oversupplied system […]

Gas Market NBP prices fluctuated between negative and positive territory on Wednesday, with prices across both the prompt and curve ultimately settling above their previous close. Fears around potential US LNG curtailments due to tropical storms in the Gulf of Mexico region helped to lift the near curve, with July-24 closing 2% higher day on […]

Gas Market The majority of Monday’s NBP losses were reversed on Tuesday, with the biggest gains observed across the near curve. News of increased capacity coming online from the Troll gas field as well as an expected end to the Nyhamna facility outage appeared to be offset by an ongoing outage at the Visund platform […]

Gas Market Friday’s losses continued into Monday, with the most significant price falls observed across the Q3-24 period. The downside was largely driven by weakness in coal and carbon markets as well as storage fullness levels reaching 72%, which is well above the 5-year average. The front month closed the day at 80.52p per therm […]

Gas Market NBP gas prices returned to decline on Friday following confirmation from Chevron that they expect the issue at the Wheatstone LNG facility to be rectified by the 27th of June. The news eased some of the concerns for a prolonged redirection of LNG from European shores to Asia in order to cover the […]

Gas Market Gas prices relinquished early gains on Thursday as contracts on the NBP curve closed almost flat or slightly higher. The front month peaked at 87.50p per therm driven by concerns of tighter global LNG supplies after Chevron’s LNG offshore plant at Wheatstone was shut down earlier in the week.  The Australian LNG producer […]

Gas Market  Concerns of tighter LNG supplies continued to prop up NBP futures for the remaining summer months yesterday while the prompt reacted to gains on the Dutch TTF as the unplanned outage at Visund restricts supplies to the Netherlands.  An extended heat wave in Asia has increased demand for LNG while supplies from Australia’s […]

Gas Market Gas prices declined marginally Tuesday afternoon despite contracts trading in positive territory for much of the session. The Jul-24 contract traded up to 83.50 pence before a decline in late afternoon saw the contract fall to 81.09p/th. Prices were supported in early morning following news from Australia of an unplanned issue at the […]

Gas Market Yesterday’s early losses of around 2.00p per therm were reversed during the afternoon session as prompt and near futures were supported by gains on the TTF and higher U.S. gas prices.  Dutch gas prices were spurred on by reports of an unplanned outage at Norway’s Visund field which will curb flows to the […]

Gas Market As had been indicated by the trades following settlement on Thursday, NBP contracts all traded lower across Friday’s session. Repair work on the Sleipner Riser platform was completed as scheduled, and the Nyhamna processing plant returned to operations. As a result, gas flows from Norway via the Langeled pipeline returned, peaking at a […]