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Gas Market NBP futures had one of their most volatile days in 2023 as workers at Woodside Energy Group and Chevron’s liquefied natural gas (LNG) facilities in Australia voted to strike on Wednesday, which could lead to a more competitive market for global LNG. Collectively, monthly exports from the facilities equate to around 11% of […]

Gas Market NBP futures flip flopped between positive and negative territory throughout the day, with most contracts settling relatively flat over the session. European Storage levels are in a healthy position for this time of year at 90%, however there is concern in the market that there could be additional delays to upcoming planned maintenance […]

Gas Market The Norwegian Troll field returned to production following unplanned outage last week, however prices reversed Friday’s losses as contracts out to Summer-24 all gained in value. Traders were eyeing further upcoming scheduled maintenance at the end of August that will extend into September which helped support the prices. The September contract gained 3.56p […]

Gas Market Concerns over the outage at the Troll gas field continued to prop up the prompt and near NBP curve months on Thursday.  The fault was discovered during routine planned maintenance works and impacts just 12mcm/day but the fact that Gassco, the Norwegian gas operator, is still uncertain when the issue will be resolved […]

Gas Market There was a mixed sentiment in the UK NBP gas market yesterday, with the near curve regaining some of the lost premium over the last week, while further out the curve was relatively flat. The front months and prompt prices were boosted by news of additional unplanned maintenance at the Norwegian Troll field, […]

Gas Market After opening in positive territory, NBP futures reversed direction and continued the recent downward trend, recording the fourth day of losses out of five due to healthy near-term fundamentals. Three LNG cargoes are due in the UK in the next week while wind generation is forecasted to exceed average levels for the next […]

Gas Market The UK gas market witnessed a turnaround during Monday’s session, initially heading towards another day of losses but later experiencing a shift in sentiment, resulting in a modest bounce in prices by late afternoon. Despite healthy near-term fundamentals, the market seemed to overlook them once again, as the Sep-23 contract which gained front […]

Gas Market On Friday we witnessed the near NBP futures market fall for a third day running as the August fell by 6.36p to close at 63.66p on its final day of trading on ICE. The front season, Winter-23 shed 5.59p to settled at 117.49p and over the week was 8.38p down. Contracts further out […]

Gas Market The energy markets across Europe continued to ease on Thursday with forecast for cooler temperatures expected to reduce cooling demand while restocking storage gas remains ahead of schedule.  Meanwhile in the UK, higher wind generation is expected for the next couple of weeks and is likely to dent the demand for gas fired […]

Gas Market NBP futures eased as risk premium eroded on Wednesday, cancelling out most of the gains seen earlier in the week as fundamentals remain strong with storage levels above 80% fullness, robust Norwegian flows into the UK and LNG deliveries expected to increase over the next two weeks. The front of the curve took […]