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Gas Market Low wind generation and concerns of slowing LNG deliveries boosted the prompt yesterday.  Fundamentals remain healthy but the markets have concerns around LNG deliveries with just the second cargo of the month due at GB ports by the start of next week as prices in East Asia prove to be more attractive.  Forecasts […]

Gas Market The early gains to near futures on the NBP curve yesterday morning were stretched out to just over 2.00p per therm but then prices contracted.  The gains were pared back with most remaining summer month contracts trading below Tuesday’s close. Prices oscillate to the end of the session leaving the near curve to […]

Gas Market Gas prices moved marginally higher on Tuesday with the front month gaining a mere 0.42p/th, and July increasing by 0.41p/th. Supporting near curve prices was a reduction in wind power generation forecasts that will likely increase demand for gas over the next week to ten days. Larger gains were witnessed on the far […]

Gas Market Following the end of maintenance imports from Norway via the Langeled pipeline increased by 37% on Monday compared with Friday. The increased supply coupled with continued weak demand kept the UK system oversupplied for the day and weighed on NBP contracts. The front month slid by 1.42p/th at the close as Jun-24 edges […]

Gas Market With the Norwegian seasonal maintenance ending without issues gas prices across Europe declined on Friday.  After a fairly directionless morning, fundamentals took over and the near months on the NBP settled an average of 2.50 per therm lower. Forecasts for warmer than normal temperatures along with increasing wind power is expected to keep […]

Gas Market The NBP gas market remains quite directionless with gains one day, reversed the next as the market ebbs and flows through the current spathe of maintenance on Norwegian gas fields and assets. Thursday saw a reversal of Wednesday’s losses with flows through Langeled remaining suppressed due to the continued planned outages at the […]

Gas Market Low demand and a comfortable gas system weighed on the NBP prompt on Wednesday as prices fell by over 2.00p for the most part. Even with wind generation below seasonal norms at 4.0GW, gas demand remained around 150mcm for the day while exports to the Netherlands were increased as traders took advantage of […]

Gas Market The gas markets opened firmer after the long weekend as tensions in the Middle East increased with Israel rejecting the current proposal for a ceasefire while Hamas were looking to accept the deal.  In fact, Israel continued its assault on the border city of Rafah yesterday morning which likely caused the June contract […]

Gas Market After the sharp gains on Thursday the gas markets were undecided on the bank holiday Friday as near futures flip flopped between gains and losses through the day.  The front month traded within a tight range with the peak of the day at 77.67p per therm while the low was 73.50p.  GB gas […]

Gas Market NBP Gas contracts increased in value across the day, with near curve contracts opening at parity before a rally caused by a lack of supply took hold for the day. European gas markets, buoyed by falling temperatures and low Norwegian pipeline supplies as planned maintenance continued at a number of facilities, gained momentum […]