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Gas Market Most of the gains recorded by the NBP futures market on Thursday were reversed on Friday as market fundamentals dominated. Forecasts for mild temperatures along with higher-than-average wind generation are likely to see GB gas demand remain below the seasonal norm for much of the rest of the month.   Fears that the EU […]

Gas Market The NBP futures market was a little calmer on Wednesday as contracts settled with marginal losses.  Trading ranges on the near months were tight with spreads kept to a 3 or 4p per therm spread as December peaked at 117.80p, while the low of the day was 113.89p.  The front month settled near […]

Gas Market Following the decline on gas markets on Monday, with curve contracts as far as Q4-2025 reaching new 20-day lows and their lowest point since the attack by Hamas, prices consolidated on Tuesday. Prices never looked like extending the previous day’s losses as gas markets opened in positive territory, even if only marginal in […]

Gas Market NBP gas futures opened softer on Monday with contracts for the winter months falling by around 4.50p early on.  The market steadied for the rest of the morning and then losses were extended in the afternoon with December hitting a low of 113.18p before settling just above that at 113.66p, down 8.89p on […]

Gas Market In contrast to the prior session, UK gas prices began Friday on a positive note. Nevertheless, as the day progressed, prices experienced a gradual decline, ultimately ending the volatile week in negative territory. Throughout the day contracts stayed within a narrow price range, typically moving by just 2.00p. Taking a closer look at […]

Gas Market NBP futures regained some of the premium lost earlier in the week on Thursday after a late rally into the close as news broke of US sanctions against project Artic LNG 2. Fundamentals remain robust with a plethora of LNG expected in the UK in the coming weeks and European storage levels above […]

Gas Market NBP futures took a further step lower on Wednesday after the sharp downturn on Tuesday with all contracts settling within a couple of pence of the previous settlement prices. Near term fundamentals are still looking very healthy with an abundance of LNG cargoes arriving in the UK in the next week, European storage […]

Gas Market Ample risk premium fell out of the UK gas market during yesterday’s session as prices align with market fundamentals. It was near delivery contracts that took the brunt of the downward momentum, with the Dec-23 contract shedding 13.92p to settle at 124.07p. It appears European markets are struggling to price supply risk as […]

Gas Market Thursday’s gas market development was almost a declaration that price volatility is here to stay. In almost a complete replication of Tuesday’s price movements, the markets opened in negative territory with all contracts trading below, and substantially so in some cases, Wednesday’s close for much of the day before a late rally saw […]

Gas Market NBP futures resumed their recent upward trend on Wednesday on concerns that the Israel-Hamas conflict will escalate to the wider Middle East region after hundreds of people were killed in a blast at a Gaza hospital. Gains were capped at the front of the curve as news broke that industrial action at the […]