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 […]
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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 […]
Brent fell to a two-month low after uncertainty from the Trump administration
Gas Market Donald Trump’s threat to impose secondary tariffs on India and China for purchasing energy from Russia weakened the energy markets on Thursday. In a post Trump said he would introduce an additional 25% trade tariff on India, which would bring the rate to 50% for goods imported from India. NBP futures had […]
NBP Gas Rangebound While GB Baseload Day Ahead Power Spikes on Lower than Forecast Wind Generation
Gas Market NBP gas prices were little changed on Tuesday, with the market remaining rangebound amid stable fundamentals and muted sentiment. The front-month September contract edged up by 0.27p to settle at 84.86p/therm, while further along the curve, the Summer-26 contract slipped by 0.07p to 83.6p/therm. Support for the front month came as Norway’s gas […]
NBP curve contracts clawed back some of Friday’s losses yesterday, with ongoing concerns surrounding Donald Trump’s recent threats to impose further sanctions on Russia and its energy buyers providing the upside
Gas Market NBP curve contracts clawed back some of Friday’s losses yesterday, with ongoing concerns surrounding Donald Trump’s recent threats to impose further sanctions on Russia and its energy buyers providing the upside. The front month contract edged up by 0.71p day-on-day to end the session at 84.59p per therm. Progress in terms storage levels […]
Gas and Power Prices Hold Firm While Oil Slips on Tariff Deadline and Economic Uncertainty
Gas Market NBP gas prices were steady on Thursday as market participants weighed tariff-related uncertainty and its potential impact on broader economic conditions. The new front-month contract rose slightly by 0.51p to settle at 86.84p/th, while the Winter-25 contract edged up just 0.13p. An unplanned outage at Norway’s Karsto gas processing plant reduced flows by […]
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