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Gas Market Gas prices for much of Tuesday’s session traded at a loss to Monday’s close as the market looked likely to continue its slide. The front month traded as low as 115.45 pence per therm before a brief recovery just after 2pm saw prices move back into positive territory trading in the 122p/th to […]

Gas Market There was a welcome fall in energy prices on Monday after the sharp gains recorded last week.  NBP futures and prompt contracts yielded significant premium on the day as the healthy fundamentals weighed.  GB gas demand rose due to a cool start to the week, but demand remained around 20mcm below the seasonal […]

Gas Market European gas prices continued to edge higher on Friday as the conflict in the Middle East along with potential strikes at Australian LNG plants propped up prices.  The November futures contract for the NBP settled at 136.70p, its highest point since mid-June while the Summer added 3.90p to close at 141.15p.  NBP futures […]

Gas Market Natural gas prices in Europe reached a three-month high during yesterday’s session as the market reacts to potential issues rather than the current conditions. The factors which propelled yesterday’s prices included the Israel-Hamas conflict, potential labour strikes at vital LNG export facilities in Australia, and infrastructure vulnerabilities, including a suspected sabotage incident in […]

Gas Market European gas prices eased on Wednesday as the markets corrected after two days of sharp gains.  On the NBP curve, the November contract declined by 8.09p to close at 116.62p while Summer-24 settled at 125.01p, down 5.00p.  Prompt prices were mixed with the Spot and Day ahead adding 5.00p and 4.55p respectively as […]

Gas Market Natural gas prices continued their upward trajectory on Tuesday as the market weighed up several issues and how they could impact supply and demand. At the forefront is the Israeli-Hamas War, and the potential for escalation in volatility in the Middle East. Adding price support is the shutdown of the Israeli domestic gas […]

Gas Market Crude oil prices recovered some of the heavy losses made last week on Monday with the escalation of the conflict in the Middle East providing the lion’s share of support on the day.  Prices did fall back from the intra-day highs which peaked around $4.50 a barrel above Friday’s close. Brent for December […]

Gas Market As the week drew to a close amid considerable volatility, UK gas prices managed to secure a positive position on Friday, albeit with gains that were somewhat constrained and unable to fully offset earlier losses. Initially, market sentiment appeared bearish, with the front month contract opening at 88.75p. However, this trajectory swiftly reversed, […]

Gas Market NBP futures recent downward trend resumed in yesterday’s session after a brief respite on Wednesday. The prompt contracts and front of the curve bore the brunt of the downward pressure as mild weather is forecasted in the UK in the coming weeks resulting in demand being way below seasonal averages. There was very […]

Gas Market NBP futures steadied the ship on Wednesday with contracts across the curve settling with modest gains. The increase was capped as fundamentals remain strong with storage across Europe at over 96%, mild weather forecasted for October and a healthy supply of LNG vessels expected to dock in the UK over the next two […]