Gas Market Uncertainty returned to the gas markets yesterday spurring on late buying activity which boosted natural gas futures on the NBP curve. Crude oil prices were lifted by the escalation of the Israeli offensive on Gaza as 60,000 reservists were called in ahead of the ground operations. The U.S. Administration seems to be pulling […]
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UK gas markets have returned to range-bound trading, although 8p lower than earlier summer levels
Gas Market Following nearly two weeks of decline since U.S. President Trump first announced plans for his meeting with President Putin, which took place last Friday, the UK gas market has returned to the range-bound characteristics that have defined much of this summer. However, the market is now trading within a band approximately 8p lower […]
Gas Steadies and Oil Falls as Markets Focus on Ukraine Meetings
Gas Market UK gas prices were mixed on Monday, recovering from their lowest level since May 24 as Winter-25 rose 0.30p to 80.58p/therm, while Summer-25 slipped 0.38p to 69.50p/therm. The market struggled to find direction, with attention turning to U.S.-Ukraine talks and the potential for a trilateral summit involving Trump, Putin, and Zelenskyy. While full […]
Energy markets fell back on Friday in anticipation of a somewhat positive outcome from the meeting between Trump and Putin in Alaska
Gas Market In anticipation of a positive outcome from the meeting between Trump and Putin in Alaska on Friday, the NBP curve hit lows not seen since April 2024. Although the meeting took place after the gas market had closed, the NBP front month contract was still pulled lower, closing at 76.45p per therm, an […]
NBP futures fell on Thursday amid growing optimism for peace talks ahead of Friday’s summit in Alaska
Gas Market NBP futures fell on Thursday amid optimism for peace talks ahead of Friday’s summit in Alaska. Hopes were raised that Friday’s meeting between Presidents Trump and Putin could lead to further talks on a ceasefire while also possibly paving the way for a return of Russian gas and oil to the markets. September […]
Doubts over whether Friday’s meeting between Trump and Putin will result in meaningful progress towards peace in Ukraine supported the NBP curve on Wednesday
Gas Market The NBP near curve edged up on Wednesday after comments made by the White House press secretary late on Tuesday dampened expectations that Friday’s meeting between Trump and Putin will result in meaningful progress towards peace in Ukraine. The front month contract traded in a tight range to close at 80.54p per therm, […]
Geopolitical optimism over the upcoming Trump–Putin meeting applied additional downward pressure to UK gas prices
Gas Market NBP curve contracts reversed Monday’s gains on Tuesday, returning to levels in line with Friday’s close, with Winter-25 settling at 87.53p/th. Monday’s strength had been driven by rising European temperatures, which lifted gas-for-power demand amid heavier air conditioning loads. However, forecasts suggested Tuesday would mark the peak of the heatwave, with temperatures expected […]
NBP contracts were lifted on Monday due to system restraints and reduced levels of storage injection rates
Gas Market NBP contracts were lifted on Monday due to system restraints and reduced levels of storage injections, with the near months gaining an average of 1.41p day-on-day. A drop in flows into the U.K. from Norway due to a compressor failure at Ormen Lange restricted supply levels via the Langeled pipeline and hampered storage […]
Energy Markets Mixed as UK Gas Hits Two-Week Low While Oil Steadies Ahead of US-Russia Talks
Gas Market UK gas prices fell to their lowest level in almost two weeks on Friday, with the front-month contract down 1.51p at 79.53p/therm, extending weekly losses to 4.35p/therm. The market came under pressure from a well-supplied system, supported by steady Norwegian flows and high wind generation. Prices dropped further late in the session after […]
Increasing optimism for a possible meeting to discuss a ceasefire between Russia and Ukraine weighed on gas and oil prices yesterday.
Gas Market After a low-key start to the day NBP futures did edge lower gradually but not without some fluctuations on the way down on Thursday. Trump’s increased trade tariffs on India were largely shrugged off, but the market also watched for news of a potential meeting with Presidents Putin and Zelenskyy which could lead […]
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