Gas Market Early gains to the near curve of the NBP were pared back over the rest of the morning and contracts oscillated between gains and losses before pressure from the prompt weighed later. While the conflict intensified in the Kursk region, gas flows from Russia to Europe at the border town of Sudzha […]
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Risk premium continued to unwind from near curve NBP gas contracts on Tuesday
Gas Market Despite the ongoing conflict in the vicinity of the cross-border interconnector at Sudzha gas flows have remained constant from Russia into Europe. As a result, the weakening in gas prices witnessed on Monday afternoon continued into Tuesday’s session. Near-curve contracts were impacted the most as the September contract shed 0.79p/th to settle at […]
In a volatile day of trade activity on the NBP, curve prices initially moved higher before shedding value during the afternoon session
Gas Market In yet another volatile trading session, NBP contracts initially moved higher on Monday, with the front month contract reaching an intra-day peak 104.77p per therm. However, as the market digested the news that gas flows into Europe have so far been uninterrupted by the continued fighting in the Kursk region of Russia at […]
Prices across the NBP remained elevated on Friday
Gas Market The NBP remained elevated on Friday, although gains across the curve were less pronounced than those exhibited earlier in the week. Activity on the prompt was more volatile however, with Day ahead posting a day on day gain of 4.05p to settle at 82.80p per therm. An unplanned outage at Norway’s Kollsnes facility […]
Near NBP futures settled higher after volatile session
Gas Market Gas prices continued to rise yesterday despite consistent gas nominations transiting the Russian Ukraine boarder near Sudzha. The market had reversed early morning gains with near months briefly trading below Wednesday’s close, however with more Russian troops being deployed to defend the border town, concerns of disruption to the gas infrastructure were heightened […]
Reports of conflict on the Ukraine Russia border spooked the market
Gas Market Near curve NBP gas contracts opened in negative territory and continued to fall in early trading. The market appeared to be reassessing the risks associated with escalation in the Middle East and weighed them against the strong market fundamentals that persist in Europe despite some niggles with production in Norway. However, not long […]
A rebound across global financial markets drove gains across UK gas and power prices on Tuesday
Gas Market Recovering stock markets and heightened weather-related demand in Asia pushed NBP prices back up on Tuesday wiping out most of Monday’s losses in the process. The front month contract settled above 90.00p per therm for the first time since December 2023, closing at 90.29p per therm, a day on day increase of 3.24p. […]
Significant losses across global financial markets on Monday fed into weakness across the NBP curve
Gas Market After a relatively flat day of trading on Friday, the NBP exhibited more pronounced losses on Monday, with near months falling by an average of 2.41p per therm day on day. A significant sell-off and subsequent drop in global financial markets as well as weakness across the TTF fed into the decline on […]
Average gains of 2.84p per therm were recorded by the near curve on the NBP
Gas Market Geopolitical tensions continued to support gas markets on Thursday while rising LNG demand in Asia also added to the upside. NBP futures rose for the fifth day as contracts for the near curve posted average gains of 2.84p per therm or just over 3.0%. Concerns that the war in Gaza will spread in […]
Potential risk to gas supplies due to the escalation of geopolitical tensions in the Middle East elevated NBP prices on Wednesday
Gas Market NBP contracts opened firmer again on Wednesday morning, with the new front month September-24 trading a high of 87.24p per therm before retreating back slightly to close at 86.98p per therm, a day on day increase of just over 2.00p. Risk associated with the recent escalation of tensions in the Middle East […]
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