Gas Market The NBP gas market extended Friday’s gains on Monday, as the bellwether summer contract increased for the fourth consecutive session. The contract increased by 2.35p/th on Friday, before adding a further 4.61p/th across Monday’s session. Prices were driven higher following the attacks on Russian energy infrastructure by Ukraine which have impacted oil refining […]
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Near NBP futures rose by an average of 2.75p per therm yesterday
Gas Market After some uncertainty in the morning NBP futures ticked up in the afternoon and erased the losses for the last week. European energy prices edged higher in the afternoon after reports that Ukraine had attacked a Russian nuclear power plant. Although only a boundary fence was struck NBP futures rose by an average […]
EUA carbon contracts posted losses of more than €1.00 per tonne
Gas Market The UK gas market along with most of its continental counterparts continued to operate in a tight range with prices never straying too far from the previous settlement. That said, the market did oscillate between gains and losses over the course of the day but in truth these were constrained to minor amounts. […]
The NBP forward market oscillated in a tight range for much of Tuesday’s session, as contracts moved sideways following Monday’s strong losses.
Gas Market The NBP forward market oscillated in a tight range for much of the session, as contracts moved sideways following the strong losses witnessed on Monday. The front month April, traded to a low of 61.02p/th in early trading but soon recovered, trading for much of the session in a half penny range either […]
Prompt prices shrugged off a short gas system on Monday
Gas Market Prompt prices shrugged off a short gas system on Monday as the Spot and Day ahead products closed around 3.50p per therm lower while near futures extended early losses. The GB gas system was 8mcm shy with an hour to go in the trading day after a compressor failure curbed gas flows from […]
The NBP gas market has opened meekly this Monday morning, with all traded contracts in decline.
Gas Market Gas contracts bounced back from Thursday’s losses in early trading on Friday morning. The front month traded as high as 67.27p/th before declining across much of the day, falling to 64.5p/th in early afternoon. However, in contrast to Thursday, gas prices increased in the final hours of the week’s trading, with the April […]
The NBP market posted significant losses in the final hour of trading on Thursday
Gas Market Gas contracts on the UK NBP extended Wednesday’s losses as late trading brought some life to a lacklustre market on Thursday. For much of the day prices oscillated near the precious close, with prices trading in a tight range. The front month spent the majority of the session flip flopping between 66.20 pence […]
Yesterday saw losses on the NBP gas market after three consecutive sessions of gains
Gas Market The UK NBP gas market was set to post gains for the fourth session in a row on Wednesday but a late sell-off saw the majority of contracts finish below their previous settlement. Early indications were for a weaker market as the front month contract opened with a loss of half a penny. […]
There were significant gains to carbon prices on Tuesday
Gas Market The early gains to NBP futures were partially reversed over the afternoon on Tuesday leaving near months an average of 1.30p per therm higher day-on-day. The near curve has gained over 8.00p over the last week with as cooler temperatures combined with buying activity in response to price triggers while concerns of lower […]
U.S. gas producer EQT is to cut gas production for March
Gas Market There were wide intraday swings to NBP futures on Monday as early losses were recovered as European gas prices took a step higher. Gas prices received late support following reports that the U.S. gas producer EQT is to cut production by 1 billion cubic feet per day for March. The company is reversing […]
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