Gas Market The NBP gas market opened quietly on Tuesday as traders monitored developments around the proposed Ukraine-Russia peace agreement. Early comments attributed to President Zelensky, suggesting further work was still needed, kept prices flat through the morning. Sentiment shifted in the afternoon when initial U.S. reports indicated Ukraine had accepted the deal, sending prices […]
Uncategorised
Early losses to the NBP futures were partially reversed late in the session as peace talks set to continue
Gas Market The energy markets in Europe opened the week softer after reports of progress in the peace talks at the weekend. The U.S. Secretary of State, Marco Rubio, said talks with Ukraine on the 28-point peace plan have gained momentum, but the details released were still minimal. Zelensky stated that it’s a critical moment […]
Energy markets slide as Ukraine peace-deal momentum builds
Gas Market NBP gas prices fell to fresh 18-month lows on Friday as the US-led Ukraine peace push continued to weigh on market sentiment. The front-month Dec contract shed 2.95p to close at 78.56p/therm, down 3.83p on the week, while Summer-26 settled at 71.25p/therm, a weekly loss of 3.55p. The heightened prospect of a ceasefire […]
The news that President Zelensky said he’d work with Washington to negotiate a peace agreement has sent the energy markets into decline this morning
Gas Market After Wednesday’s unexpected losses natural gas futures were broadly flat on Thursday as the market awaited Ukraine’s response to the latest proposal to end the war. Near months drifted higher during the morning session without any official details from the latest peace proposal being released but it is believed that Ukraine would not […]
US Proposal for Ukraine peace-deal pull energy markets lower on Wednesday
Gas Market NBP gas prices softened on Wednesday as milder weather revisions and strong Norwegian supply weighed on the market, with further pressure emerging after reports that the Trump administration and Russian officials have drawn up a new peace proposal for Ukraine. Losses extended along the curve, with the NBP front-month Dec-25 contract falling 2.22p […]
The first real cold snap of the winter provided support to the prompt and near curve of the NBP yesterday
Gas Market The gas markets responded to the first real test of the winter so far, but supplies held firm and gains were capped as temperatures are forecast to return to normal on Friday. Prompt prices added between 0.50p and 1.38p per therm yesterday as GB gas demand rose to 282mcm, the highest of the […]
Colder Weather Drives Prompt Gas Higher as Forward NBP Curve Steadies
Gas Market Low temperatures forecast for the rest of this week, combined with falling wind generation, continued to lift prompt prices on Monday. The within-day contract climbed 11.50p to 83.00p/therm as gas-for-power demand is expected to rise sharply in cooler conditions. Further along the curve, movements were more muted as strong LNG send-out kept the […]
Significant gains were seen on the NBP prompt market on Friday ahead of this weeks’ cold spell
Gas Market Significant gains were seen on the NBP prompt market on Friday ahead of this weeks’ cold spell. The lower temperatures were set to drive up demand for heating, while the more settled conditions supported the outlook for gas-for-power demand. As a result of the tighter conditions, the Day ahead contract jumped by 11.45p […]
The near curve of the NBP responded to the weak fundamentals yesterday
Gas Market On Thursday we witnessed the near curve of the NBP soften for the seventh out of the last eight sessions as ample supplies and mild temperatures keep the balance tipped towards the bears. The Spot and Day ahead products moved in the opposing direction yesterday responding to issues at the South Hook Terminal […]
While movement across the NBP curve was once again largely flat, forecasts for cooler temperatures supported prompt gains on Wednesday.
Gas Market Forecasts for cooler temperatures and an unexpected outage at a UK LNG facility supported the NBP prompt market on Wednesday. Temperatures are now on a falling trajectory with forecasts for below normal levels over the coming days supporting the Day ahead price, which increased by 3.60p per therm day-on-day. A trip at the […]
Archives by Subject: