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Gas Market Monday revealed a clear downward sentiment in the UK gas market, with prices dropping to levels unseen since early 2022. The front seasonal contract Summer-24 closed at 90.02p, marking its lowest point since February 2022. Additionally, the gap between the front two quarterly contracts continued to narrow, as Q1-24 and Q2-24 closed at […]

Gas Market UK NBP gas contracts ended Friday’s session with a decline, sustaining modest losses over a five-day average. The front of the curve witnessed a reduction in risk premium, as contracts aligned with healthy near-term fundamentals. The Summer-24 contract lost 2.38p to close at 95.70 pence per therm its lowest level since February 2022 […]

Gas Market On Thursday, UK gas prices displayed a marginal uptick, extending the gains from the previous session, but remained in negative territory over a five-session average. Yesterday’s gains came despite healthy near-term fundamentals, including aggregate European storage levels at over 90% and LNG imports at a six month high. The front quarter Q1-24 opened […]

Gas Market With temperatures set to increase to seasonal norms the selloff on the gas market continued unabated across Tuesday’s session. Q1-24 fell to 96.78p/th at closing, the first time it has been assessed below 100.00 pence per therm since the 20th of January 2022. At its current level the contract has fallen by 71.6% […]

Gas Market With the first real test of the winter passing, gas supplies across Europe and the UK remain healthy and the markets reacted with a selloff on Monday. Temperatures are set to return to normal this week, but wind generation is forecast to rise which will relieve pressure for gas fired generation.  NBP futures […]

Gas Market On Friday, UK gas prices experienced a slight increase, driven by supportive weather fundamentals. However, the gains were limited, as contracts across the curve remained in negative territory over a five-day average. The initial signs of cold weather pushed the front month contract 2.52p higher, closing at 109.65 pence per therm. Similarly, seasonal […]

Gas Market The market recovered yesterday following the heavy losses over the last three sessions with the market recognising the strong fundamentals across Europe. Contracts yesterday made minor gains following the large sell offs as traders reassessed their positions. In its first session as the front month the January 2024 contract opened in negative territory […]

Gas Market After a muted opening, NBP futures displayed more weakness on Wednesday and continued to add to the losses of the previous three sessions. The front month, December, on its last day trading on the ICE platform settled over 6.00p down at 102.34p, the lowest settlement for the contract since 21st of January-2022, a […]

Gas Market NBP contracts continued to shed risk premium yesterday, as the losses marked the third consecutive session of declines. The front month contract December-23 experienced a volatile session, opening at a high of 114.25p before falling to close 3.53p lower at 108.68p. Longer-dated contracts were more resilient to the volatility, with Summer-24 closing at […]

Gas Market On Monday, UK gas prices opened lower and maintained a downward trajectory throughout the session. The front of the curve bore the brunt of the risk premium erosion, with the December-23 contract shedding 7.58p to close at 112.21 pence per therm, its largest daily loss since late October. Gas for delivery in Summer-24 […]