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Gas Market NBP contracts reacted strongly on Friday morning to the news that Israel had attacked Iranian nuclear and military targets overnight, stirring unrest in the region. Retaliatory drone strikes from Iran and further attacks from Israel later in the afternoon ensured prices remained elevated throughout the session. Having reached an intra-day high of 91.23p […]

Gas Market Wednesdays gains were consolidated yesterday but the increases to the near curve were modest.  Concerns for the French nuclear fleet added some upside as further testing on reactors may be required during the summer. Confidence in the trade framework deal between the U.S. and China was tested through the session as China remained […]

Gas Market On Wednesday, the NBP curve retraced the previous days’ losses following reports that the U.S. and China had managed to restore a fragile trade truce, de-escalating tensions between the two economic power houses. The agreement is expected to result in restrictions on rare earth minerals and magnets, which are essential for modern technology […]

Gas Market  The front-month July contract opened Tuesday’s session broadly in line with Monday’s close but slipped steadily from that early high as the day wore on. While the contract briefly tested the 80.00p/th level, it couldn’t quite break into the 70s, eventually bouncing back just before the close to settle at 80.50p. Gas prices […]

Gas Market Early morning losses of around a penny on the near NBP curve were extended over the session on Monday in response to declines on the prompt and a comfortable gas system. The July contract ended the session 2.40p per therm down at 82.51p which cut the five-day increase to around a penny. Winter-25 […]

Gas Market UK gas markets were rangebound on Friday, capping off a subdued trading session after a week of mixed price movements. The front-month NBP contract slipped by 0.51p to settle at 84.91p/therm, despite the July contract posting a weekly gain of 5.29p/therm. Prices had found support earlier in the week from planned maintenance at […]

Gas Market   The front months for the NBP opened in positive territory on Thursday and early increases of around 2.00p per therm were held until the close.  Scheduled maintenance works curbed supplies from Norway as GB demand increased to 135mcm to compensate for lower wind generation on the day and the system was showing […]

Gas Market UK gas prices had a mixed session yesterday, initially rising before turning negative. The Day-ahead contract remained in positive territory, gaining 0.15p to settle at 85.70p/therm, supported by reduced renewable generation and further maintenance outages at both the Troll field and the Kollsnes processing plant. Across the forward curve, all contracts settled lower. […]

Gas Market An increase in demand over the day boosted prompt prices on the NBP while a breakdown in ceasefire talks between Russia and Ukraine supported the curve. Planned maintenance works at several Norwegian assets curbed gas imports yesterday and the GB gas system was stretched having to respond to an increase in gas demand […]

Gas Market British wholesale gas prices fell on Friday afternoon after reports emerged that Russia would send a delegation to Istanbul on Monday for a second round of peace talks with Ukraine. The front-month NBP contract shed 3.54p to 79.62p/therm, returning to levels seen prior to the recent Norwegian maintenance disruptions. However, gas prices rebounded […]