Gas Market Friday’s trading session began with prices relatively flat compared to Thursday’s close with contracts trading marginally lower. Throughout the day, both the front month and the new front quarter hovered just under half a penny down, reflecting a subdued day in the NBP gas market. The market found support from the ongoing cold […]
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The New Year got off to a bullish start on Thursday with the cessation of Russian gas supplies to Europe via Ukraine from January 1st continuing to support NBP prices.
Gas Market The upward trend experienced on the NBP at the end of 2024 continued into the New Year on Thursday. Even though the cessation of Russian gas supplies to Europe via Ukraine from January 1st was widely known for the past year, the event continued to support prices, with the front month contract posting […]
The increasing likelihood of no Russian gas flows via Ukraine from January 1st supported the NBP curve on Tuesday.
Gas Market A forecasted decline in temperatures for the coming days supported NBP prompt contracts on Tuesday, with the Day ahead contract increasing by 4.48p day-on-day to close at 121.95p per therm. The influence of the expected drop in temperatures filtered into the near curve, while the increasing likelihood of no Russian flows via Ukraine […]
Reports that Russia has reduced gas flows through Ukraine has spooked the market this morning
Gas Market NBP futures were little moved after a subdued day in the gas markets on Monday. Focus turned to short term weather forecasts as premium due to of the end of the gas transit agreement has already been priced in for the most part. The front months opened softer and dipped by around a […]
NBP contracts out to next Summer are down by between a half a penny and a penny this morning
Gas Market A downward revision to temperatures for the start of the new year boosted the prompt and near curve on Friday. A cold front is now expected to move south over northern Europe bringing below freezing temperatures with it from the start of January. NBP futures continued to firm on the day as the […]
On Tuesday we witnessed near NBP futures rise to almost 3.00p above Monday’s close, however, most of the gains were eroded by the close
Gas Market On Tuesday we witnessed near NBP futures rise to almost 3.00p above Monday’s close, however, most of the gains were eroded by the close. Earlier in the session, the volatility continued amid concerns over the imminent end to the Russia-Ukraine transit deal while outages at Karsto and Kollsnes added further support. The front […]
NBP Gas prices rebounded on Tuesday following three days of losses
Gas Market NBP gas prices have continued their recent rebound following last week’s decline, increasing by 13.5% since last Wednesday. Prices have been bolstered by short-term supply issues at several Norwegian processing plants. Initially, the Nyhamna plant was supporting prices until the issue there was resolved. Subsequently, the Karsto processing plant experienced an unplanned outage, […]
Friday was another volatile day on the NBP gas market, with prices opening strong in a continuation of Thursday’s upside.
Gas Market Friday was another volatile day on the NBP, with the market opening strong in a continuation of Thursday’s upside. The afternoon session saw much of the near curve edge back down below the previous settlement, only to increase again before the close. News of the final statements by Presidents of both Ukraine and […]
Near NBP futures climbed rapidly over the afternoon yesterday with January eventually settling 5.83p higher at 107.33 per therm
Gas Market After trading sideways for most of the morning NBP futures rose sharply from around midday after the Russian President remarked that there would be no transit deal through Ukraine. This was not news to the market, indeed the few countries taking Russian gas that transits through Ukraine have already put alternates in place. […]
The NBP retraced much of Tuesday’s gains on Wednesday during a choppy session.
Gas Market The NBP retraced much of Tuesday’s prompt and curve gains on Wednesday during a choppy session where the front month contract traded a range of just under 5.00p per therm. Having reached a session high of 105.48p per therm, January-25 went on to close the day at 101.50p per therm, down 2.79p day-on-day. […]
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