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Gas Market The decline in wholesale gas prices continued on Thursday with a further 1.82p being yielded by the front month of the NBP.  It’s the second anniversary of the Russian invasion of Ukraine at the weekend and natural gas prices at the front of the curve have fallen to the lowest levels for over […]

Gas Market Having opened a touch lower on Wednesday, NBP futures drifted higher with some near contracts edging into positive territory before easing back again ahead of the market close.  Movement on the day was kept within a narrow range as fundamentals remained weak and the front month traded between 59.66p and 58.11p before going […]

Gas Market Following the recent downward momentum on the NBP gas market, prices rebounded slightly on Tuesday. With a number of contracts falling below the 60p per therm level at Monday’s close, buying activity increased on Tuesday. Traders most likely saw an opportunity to take value following the decline to new post-energy crisis lows. The […]

Gas Market UK gas prices retreated once again on Monday, returning to pre-energy crises levels. The Summer-24 contract broke the 60.00p price barrier to settle at 59.35p while the front month contract March broke the same price barrier to close at 57.93 pence per therm. The market’s prolonged downward momentum during the winter season is […]

This morning The UK gas market has resumed its downward trajectory from Friday, with contracts opening in negative territory. The NBP front month contract March-24 has broken the 60.00p price barrier, last trading at 59.30p, while Summer-24 traded at 61.00 pence per therm. This morning’s weakness in UK demand, at 206MCM, is mirrored in the […]

Gas Market NBP futures opened a little higher on Thursday and despite rising further during the session gains to the near curve were minor at the close.  Near months peaked just shy of 2.00p above Wednesday’s close before slipping back after some earlier buying activity prompted by reports that the EU does not see a […]

Gas Market During Wednesday’s session, UK gas prices continued their downward trend for the sixth consecutive session, reinforcing the prevailing trend of decline. The Summer-24 contract initially dropped to a low of 61.45p before rebounding slightly in the afternoon to eventually settle at 62.19p, a 1.10p discount compared to the previous session. Meanwhile, the front […]

Gas Market NBP gas prices continued their recent decline with both summer-24 and winter-24 reaching new 25-month lows. It appeared as if prices had found some support at Monday’s closing price, with contracts trading higher for the majority of the day. However, in late afternoon prices flipped into negative territory, with both seasonal contracts posting […]

Markets this morning Price movements in the UK gas market this morning is relatively limited. The front month has edged up by 1.18p to last trade at 63.83p, while the Summer-24 contract has lost 0.29p, to trade at 64.01 pence per therm. In the prompt market, contracts have yet to trade. However, the gas system […]

Gas Market With the issues at Nyhamna and Troll being rectified, market fundamentals continued to weigh on natural gas prices on Friday as near NBP futures racked up a third day of declines.  The Summer contract was down 5.68p for the week however, the front Winter contract was over 8.45p lower over the week. With […]