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Gas Market Gas contracts on the UK NBP extended Wednesday’s losses as late trading brought some life to a lacklustre market on Thursday. For much of the day prices oscillated near the precious close, with prices trading in a tight range. The front month spent the majority of the session flip flopping between 66.20 pence […]

Gas Market  The UK NBP gas market was set to post gains for the fourth session in a row on Wednesday but a late sell-off saw the majority of contracts finish below their previous settlement.  Early indications were for a weaker market as the front month contract opened with a loss of half a penny. […]

Gas Market The early gains to NBP futures were partially reversed over the afternoon on Tuesday leaving near months an average of 1.30p per therm higher day-on-day. The near curve has gained over 8.00p over the last week with as cooler temperatures combined with buying activity in response to price triggers while concerns of lower […]

Gas Market There were wide intraday swings to NBP futures on Monday as early losses were recovered as European gas prices took a step higher. Gas prices received late support following reports that the U.S. gas producer EQT is to cut production by 1 billion cubic feet per day for March.  The company is reversing […]

Gas Market Gas prices stepped higher as a result of colder weather that brought snow to parts of Ireland on Friday morning. Within day and Day ahead contracts gained almost 4p per therm across the session, closing at 3-week highs with both being assessed at 67.00p/th. April, in its second session as the front month, […]

Gas Market Following Wednesday’s sharp increase in prices, Thursday saw over half of the gains reversed as the market took direction from the persistently strong market fundamentals. The front season, Summer-24 fell by 1.87p to 62.36p/th while the new front month contract, April, fell by 2.09p to 61.58 pence. Having reached the end of February, […]

Gas Market European gas prices were buoyed by reports that the U.S. Freeport LNG facility will extend its current outage for a further two weeks. One of the three liquefaction trains at the Texas plant has been down for most of February and was expected to return at the end of the month. The front […]

Gas Market Natural gas futures opened lower on Tuesday and near futures reversed most of the gains witnessed on Monday, however, the market switched tack in the afternoon session and near contracts settled around a penny higher.  The intra-day swing for March was 4.55p as the front month settled 1.30p higher at 60.60p on its […]

Gas Market The GB gas system opened short and lagged demand for most of Monday’s session giving prompt prices a boost after the weekend. Demand rose to 271mcm with the cooler temperatures and supplies still trailed by 8mcm just before the close of play.  The Spot and Day ahead products moved higher to settle at […]

This morning Prices have edged higher in the UK gas market this morning, with the front month contract March-24 last trading at 57.60p, a 1.14p premium to Friday’s settlement. The front seasonal contract, Summer-24 has followed a similar trajectory, moving 0.94p higher to trade at 58.23p. With a shift in weather fundamentals and a colder […]