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Gas Market   The unplanned outage at the Asgard is due to be resolved on Wednesday but capped losses to near NBP months yesterday.  Early losses were reversed yesterday before easing again later in the session. Reports came through in the afternoon that Freeport LNG had ramped up natural gas intake on Tuesday morning which increased […]

Gas Market The decline witnessed on the NBP pre and post Easter has all been reversed at this stage following large gains across the curve on Monday. Settling at 69.71p/th, just shy of the intraday high, the front month increased by 3.63p/th. Prices were inflated following two unplanned outages at the Asgard gas field that […]

Gas Market  Unplanned outages at Nyhamna and Gullfaks led to supplies tightening on Friday after early forecasts for a long gas system.  The outages impacted supplies to the UK and Europe but were expected to be resolved over the weekend according to Gassco, the Norwegian Gas Operator.  Prompt prices opened softer but ended the session […]

Gas Market The energy markets corrected yesterday following the significant move lower from the end of last week.  With Brent crude settling above the $90 a barrel mark for the first time since the end of October, gas and carbon prices edged higher. The May contract for the NBP declined by 6.42p over the previous […]

Gas Market Gas prices continued their downward trend amid persistently strong market fundamentals. The front month has declined by 13% over the last 5 trading sessions from its recent peak. Prices peaked on the 25th of March following the terrorist attack in Moscow and the reported attack by Russia on a Ukrainian gas storage site. […]

Gas Market  After the long weekend for the Easter break, wholesale natural gas prices continued to show weakness as the near curve eased.  Early losses of around 2.00p per therm to the front months were pared back but the overall fundamentals pressured the curve over the afternoon and May yielded over 3.00p.  Winter-2024 is the […]

Gas Market Gas prices reestablished their recent downward trend following Wednesday’s hiatus. May-24, in its debut session as the front month, shed 1.51p/th and was assessed at 68.05p/th at the close having traded as low as 67.70p/th. Temperatures are expected to rise to above seasonal norms from the week commencing April 2nd, and the anticipated […]

Gas Market At the close of play on Wednesday NBP futures were a touch higher after some flip-flopping through the session. European coal prices increased after the collapsed bridge in Baltimore, but this had little impact on gas prices yesterday. Near months traded in a tight range for the most part with focus on the […]

Gas Market European gas markets all declined significantly with the NBP April contract falling back below 70.0p/th in its penultimate session of trading on ICE before expiry. The contract declined by 4.27p/th as market fundamentals once again reigned over market proceedings on Tuesday. Similarly, both Q2-24 and Summer-24 also due to expire at the end […]

Gas Market The energy markets across Europe were on edge yesterday following the terrorists attack in Moscow and reports that Russia targeted an underground gas storage facility in Ukraine at the weekend.  Initial reports from Ukraine are saying the storage facility is intact after the weekend bombardment but a full engineer’s assessment is required.  Near […]