Gas Market The NBP curve reversed much of the previous days’ losses on Wednesday, with the near months averaging gains of 1.57p per therm. Bullish weather fundamentals forecast for early January, as well as rising geopolitical tensions regarding the Trump ordered blockade of Venezuela, supported prices. The front month contract settled at 72.43p per therm, […]
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Optimism over progress towards a Russia–Ukraine peace deal dominated trading on Tuesday, driving NBP prices lower
Gas Market Geopolitical developments on Monday evening, with Ukraine describing the talks as “90% positive”, continued to weigh on prices through Tuesday’s session. The front-month contract fell to an intra-day low of 68.34p/th before settling slightly higher at 68.54p/th, as optimism around a potential peace deal persisted. Further pressure came from the prevailing view across […]
Markets Ease as Ukraine Peace-Talk Optimism Pressures Gas and Oil
Gas Market NBP gas prices edged lower on Monday as optimism around progress in Russia–Ukraine peace talks weighed on sentiment, offsetting stronger demand from colder weather and weaker wind output. Speaking after talks in Berlin, German Chancellor Friedrich Merz said the U.S. had agreed to provide “substantial legal and material security guarantees from the USA […]
Gas Prices Firm on Reduced Volume of LNG While Oil Slides on Oversupply Fears
Gas Market NBP gas prices moved higher on Friday, supported by stalling peace talks in Ukraine and reports that LNG cargoes are beginning to divert away from Europe as regional prices softened. Shipping data suggest that three LNG vessels are scheduled to dock at Dutch terminals between 13 and 26 December, four fewer than over […]
Following Wednesday’s losses on the NBP curve, prices recovered somewhat in yesterday’s session, though the gains were modest.
Gas Market Following Wednesday’s losses on the NBP curve, prices recovered somewhat in yesterday’s session, though the gains were modest. Market fundamentals were largely unchanged day-on-day, with Ukraine peace talks ongoing and supply conditions remaining strong. As a result, the front month contract settled just 0.76p higher day-on-day to close at 70.46p per therm. Further […]
Subdued gas demand due to mild temperatures and high wind generation weighed on gas prices on Wednesday
Gas Market Tuesdays gains were reversed and some on Wednesday as the market responded to the latest weather forecasts for mild temperatures to remain until the Christmas holidays. Ample LNG supplies have also pressured the near curve as deliveries to the UK continue to land this week. Meanwhile discussions for peace between Russia and Ukraine […]
A late-session selloff pushed prices to their intraday lows just before the close, as the possibility of a peace deal continued to weigh on the market.
Gas Market After Monday’s decline and a series of contracts hitting fresh 20-month lows, Tuesday’s session saw increased buying interest as participants moved to shore up positions. Consequently, all contracts out to Winter-27 posted day-on-day gains, with the strongest moves on the near curve. The front-month January-26 contract rose 1.76p/th – its largest gain in […]
Movement was mixed across the NBP curve on Monday, with the mornings’ gains easing off in the afternoon to give way to losses by the close.
Gas Market Movement was mixed across the NBP curve on Monday, with the mornings’ gains easing off in the afternoon to give way to losses by the close. Ongoing Ukraine peace talks, coupled with a healthy supply outlook continued to weigh on prices, with the front month contract falling by 0.42p while the February 26 […]
Expectations of a U.S. interest rate cut provided support to crude oil prices on Friday
Gas Market NBP futures opened softer on Friday but quickly changed tack following reports of a short gas system and rising prompt. The GB gas system remained under pressure all day and was still 3mcm short at the market close. The Spot ended the day just over a penny higher while the Day ahead product […]
Mild Weather and Soft Demand Push NBP Gas Contracts Lower
Gas Market NBP gas prices extended their recent losses on Thursday, with mild weather continuing to weigh on demand forecasts. The front-month January contract fell 3.31p to settle at 70.03p/therm, while the Summer-26 contract declined by 2.16p to a new 22-month low of 64.57p/therm. Temperatures in the UK are forecast to rise sharply over the […]
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