Uncategorised

Gas Market The recent downward momentum showed no sign of slowing through Tuesday’s session as the entire curve continued to lose value. Gas for delivery in November led the charge with prices down 6.13p. At 92.23 pence per therm, November has not reached these lows since 2021. The malaise from the front month spread to […]

Gas Market During the opening session of the winter gas period, NBP prices dipped at the front end of the curve, reflecting a market responding to robust near-term fundamentals, rekindling the familiar narrative of risk premium erosion for near delivery contracts. Yesterday’s trading session saw the November front month contract shedding 7.04p to settle at […]

Gas Market Following the expiry of four contracts on Thursday, Oct-23, Q4-23, Winter-23 and the Gas Year 23 Friday’s session was rather subdued but nevertheless near curve prices crept lower. The new front month Nov-23 opened the session in negative territory and gradually fell across the day eventually closing at 105.45p/th a decline of 4.36p […]

Gas Market Yet another uneventful session characterized the UK gas market yesterday, as contracts continued to hover within a narrow price range of 2.50p. On its final trading day, the front month October contract closed  0.94p  higher at 100.35p. Notably, this contract has maintained an average trading price of 91.78p throughout September, marking a 6.27p […]

Gas Market In the UK gas market, prices experienced a second consecutive session of declines yesterday, although these losses were marginal. As we approach the final day of trading, the Winter 23 contract settled at 120.00p, a significant contrast to its peak of 722.96p in August of the previous year. Instead, it now aligns more […]

Gas Market Gas prices shirked the upward momentum that has dominated European markets over the past week with all traded contracts falling from Monday’s close. Oct-23 as it approaches expiry opened in negative territory and never troubled the previous sessions close as the contract traded at a loss for the entire session, closing at 102.23p/th. […]

Gas Market NBP futures extended gains on Monday on the back of Norwegian supply concerns, with the brunt of the upward pressure on the contracts that are set to expire later in the week. The Skarv gas field extended maintenance until October 8th and there were unplanned outages at the Sleipner and Troll fields.  There […]

Gas Market NBP futures posted modest gains on Friday, with the front month October continuing recent trends with the largest upward trajectory due to more concerns about Norwegian gas supply.  Gassco published multiple changes to maintenance at Norwegian gas facilities which signal slightly more capacity being cut for the end of September and October and […]

Gas Market UK gas contracts for near term delivery gained value during yesterday’s session, while longer dated contracts released risk premium. The reoccurring trend of the front month contract taking the brunt of the upward pressure resurfaced, as gas for delivery in October moved 5.20p higher to settle at 100.57p. Buying activity has increased, as […]

Gas Market NBP futures had a mixed day on Wednesday, with most of the curve failing to hang on to the premium gained late in Tuesdays session. The news of the extension to the maintenance at the Troll field caused a late rally on Tuesday and a volatile open on Wednesday. The front month October […]