Gas Market After some oscillation in the early part of the session NBP futures resumed a downward trend leaving near months to close an average of 3.18p per therm lower. Recent long range weather forecasts for a mild start to 2025 have eased concerns for gas storage levels in Europe. This time last year storage […]
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January, the front month for the NBP fell to a five-week low on Thursday
Gas Market Wholesale natural gas prices tumbled lower on Thursday after the latest long range weather forecast shows a relatively mild first quarter for 2025. The January contract for the NBP fell by over 4.00p per therm for the second time this week and settled at 106.18p, the lowest settlement for five weeks. Further […]
NBP curve products retraced the previous days’ gains and more on Wednesday, with near months falling by an average of 2.2% day-on-day
Gas Market After initially posting gains in early morning trade, NBP curve prices began to fall back, with near months eventually settling 2.2% lower than their previous close. The front month contract declined by 2.69p day-on-day to settle at 110.22p per therm. The prompt market was similarly weak, with a milder weather outlook for much […]
After five days of losses the front month for the NBP, January, added 1.45p per therm yesterday
Gas Market The January contract’s run of declines was halted after five days of losses as the market corrected yesterday following the sharp fall on Monday. The front month for the NBP added 1.45p per therm having shed over 10.00p for the previous five sessions as earlier losses were reversed over the session on […]
Heightened geopolitical uncertainty in the Middle East over the weekend did little to stop the recent downward trend on the NBP curve on Monday.
Gas Market NBP curve prices shrugged off the geopolitical developments in Syria over the weekend to open Monday in negative territory. Losses gained pace as the day progressed with the near months averaging a day-on-day decline of 4.31p per therm. January-25 closed at its lowest level in 4 weeks, falling by 4.41p to end the […]
For the third consecutive day, most NBP contracts along the curve ended the session in negative territory on Friday.
Gas Market Reports of a Russian amendment to payment options for European gas buyers which could signal an effort to maintain pipeline flows transiting through Ukraine after the current deal expires at the end the year added bearish pressure to most NBP curve contracts on Friday. The front month contract edged down by 0.13p day-on-day […]
Near months on the NBP have declined by an average of 5.35p per therm over the last three sessions
Gas Market After Wednesday’s significant declines, there was some sideways movement for the front of the NBP curve on Thursday morning. The prompt had opened lower by around a penny in response to the lower demand and a comfortable outlook for the rest of the week and losses were extended through the session with the […]
NBP prompt prices have opened lower, and the Spot is down by around a penny
Gas Market Lower gas demand due to the mild temperatures and increased wind generation pressured prompt gas prices across Europe yesterday. The Day ahead price for the Dutch TTF fell by 3.16% while the corresponding contract for the NBP shed 3.71% or 4.63p per therm. The declines on the NBP prompt kept pace with […]
European Gas storage levels continued to provide support to NBP near curve contracts
Gas Market NBP near curve contracts traded sideways on Tuesday, remaining near to their 13-month highs as gas storage levels across Europe were lower than the last two years and continued to support prices. Colder temperatures in November have driven European gas storage levels down to an average 84.65% full, a sharp drop compared to […]
NBP gas and GB Baseload prices firmed on Monday in a continuation of Fridays upward trend.
Gas Market NBP gas prices firmed on Monday in a continuation of Friday’s upward trend. Russian gas exports through Ukraine to Europe were reported to be down by more than 3.0% on Sunday and Monday from levels seen in recent months, adding to the general sense of unease surrounding gas supplies as we get deeper […]
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