Gas Market The GB gas market remained rangebound on Friday with futures and prompt prices posting slight gains after moving sideways for much of the session. Some support for the prompt came from subdued forecasts for wind which added to gas demand on Friday and the weekend. The Spot settled 0.30p per therm up while […]
Uncategorised
Gas Holds Rangebound Fundamental remain unchanged while Oil Steadies on Russian Fuel Export Bans
Gas Market NBP contracts remained rangebound on Thursday, with only modest shifts in fundamentals. The October front month rose 1.57p to 81.06p/therm, reversing the previous session’s losses, while Winter-25 gained 1.25p to 86.15p/therm. The day-ahead advanced 1.15p (1.47%) to 79.50p/therm as weaker wind forecasts lifted gas-for-power demand by around 6mcm. Norwegian flows into the UK […]
The NBP curve traded within a narrow range once again on Wednesday with little change to underlying fundamentals
Gas Market NBP curve products traded within a narrow range once again on Wednesday with little change to underlying fundamentals. By the close, the front month contract had retraced much of the previous days’ gains, with October 25 posting a 0.84p loss to settle at 79.49p per therm. Winter 25 maintained its proximity to recent […]
Winter-25 gained 0.93p to settle at 85.67p/th, though both front-season and Summer-26 remain range-bound
Gas Market NBP prompt contracts firmed on Tuesday as colder-than-normal temperatures lifted heating demand, coinciding with unplanned outages at Norway’s Skarv and Troll gas fields. The tighter UK system kept supply and demand finely balanced, with strength on the prompt feeding into the near curve. The Winter-25 contract rose 0.93p to 85.67p/th, though both the […]
Gas and Power Ease on Stronger Supply; Carbon and Oil Slip Amid Profit Taking and OPEC+ Output Growth
Gas Market NBP contracts eased on Monday, with the front month down 1.00p at 79.05p/therm and Winter-25 falling 1.27p to 84.74p/therm. Norwegian flows strengthened as Langeled ramped up by 10mcm and an unplanned outage at Oseberg was resolved, reinforcing the healthy supply backdrop. Steady LNG arrivals also limited upside potential, with seven cargoes scheduled to […]
NBP curve contracts eased off on Friday afternoon after initially starting the session in positive territory.
Gas Market NBP curve contracts eased off on Friday afternoon after initially starting the session in positive territory. European storage levels were sitting at a comfortable 81.1% as the winter period approaches, allowing the near months to shed an average of 1.26p per therm day-on-day. The Winter 25 contract posted a 1.22p loss to end […]
NBP gas contracts make gains amid unplanned outage at Troll field while Oil slips on U.S. growth concerns
Gas Market Gas prices strengthened on Thursday, with the front month rising 1.98p to 81.50p/therm. Norwegian supply is expected to recover by the weekend with around 100mcm returning, though an unplanned outage at Troll has reduced flows via Europipe by 22mcm until the 20th. Prompt contracts also gained, as the day ahead climbed 2.45p, or […]
There was little day-on-day movement seen on the NBP curve by the close on Wednesday with market fundamentals remaining stagnant.
Gas Market NBP prices continued to edge sideways on Wednesday with market fundamentals remaining stagnant amidst an uncertain geopolitical outlook and an otherwise stable supply scenario. The front month contract edged up by 0.22p to close at 79.52p per therm while the November contract closed flat against its previous close at 84.35p per therm. Despite […]
NBP gas prices remain rangebound as storage levels remain on track to reach 90% by the end of October
Gas Market The NBP market remains rangebound with limited drivers influencing price direction. Curve contracts drifted sideways, recovering some premium after Monday’s losses. The front-month, October, rose by less than 1% to settle at 79.30p/th, while the front-winter contract, expiring in under two weeks, gained 0.67p settling at 85.99p/th. European storage levels stand at 80.83%, […]
NBP Contracts Decline as Storage Builds and Norwegian Imports Remain Stable
Gas Market NBP gas prices eased on Monday, with the October front month settling 1.62p lower at 78.54p/th and Winter-25 down 1.17p at 85.33p/th. EU storage levels reached 80% of capacity over the weekend, supported by strong injections since April that have reduced the storage deficit versus the three-year average from nearly 20 bcm in […]
Archives by Subject: