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This morning The UK gas market has resumed its downward trajectory from Friday, with contracts opening in negative territory. The NBP front month contract March-24 has broken the 60.00p price barrier, last trading at 59.30p, while Summer-24 traded at 61.00 pence per therm. This morning’s weakness in UK demand, at 206MCM, is mirrored in the […]

Gas Market NBP futures opened a little higher on Thursday and despite rising further during the session gains to the near curve were minor at the close.  Near months peaked just shy of 2.00p above Wednesday’s close before slipping back after some earlier buying activity prompted by reports that the EU does not see a […]

Gas Market During Wednesday’s session, UK gas prices continued their downward trend for the sixth consecutive session, reinforcing the prevailing trend of decline. The Summer-24 contract initially dropped to a low of 61.45p before rebounding slightly in the afternoon to eventually settle at 62.19p, a 1.10p discount compared to the previous session. Meanwhile, the front […]

Gas Market NBP gas prices continued their recent decline with both summer-24 and winter-24 reaching new 25-month lows. It appeared as if prices had found some support at Monday’s closing price, with contracts trading higher for the majority of the day. However, in late afternoon prices flipped into negative territory, with both seasonal contracts posting […]

Markets this morning Price movements in the UK gas market this morning is relatively limited. The front month has edged up by 1.18p to last trade at 63.83p, while the Summer-24 contract has lost 0.29p, to trade at 64.01 pence per therm. In the prompt market, contracts have yet to trade. However, the gas system […]

Gas Market With the issues at Nyhamna and Troll being rectified, market fundamentals continued to weigh on natural gas prices on Friday as near NBP futures racked up a third day of declines.  The Summer contract was down 5.68p for the week however, the front Winter contract was over 8.45p lower over the week. With […]

Gas Market For the second consecutive session, UK gas prices experienced another dip yesterday, albeit with limited movement. Gas for delivery in 2024 lost 1.02p on average, while the front seasonal contract Summer-24 closed at 69.14p. The market appears to be maintaining a sense of stability, with most price movements over the five-day average remaining […]

Gas Market The outages at Troll and Nyhamna were still evident yesterday and are now expected to be repaired by Friday according to the latest information posted on the Gassco website.  While the capacity impacted is lower at up to 16mcm, this curbed losses on Wednesday. NBP futures fell by just over a penny for […]

Gas Market A choppy day on the NBP saw all contracts move sideways with near curve contracts making minor gains while far curve prices posted minimal losses. The front month contract, March-24, added just over a quarter of a penny to close at 69.59p/th. The Nyhamna processing plant in Norway remained offline throughout Tuesday’s session, […]

Gas Market  After a sluggish opening to the week, NBP futures ended the first daily session just over two pence per therm lower.  Prompt prices settled mixed with movement either way limited to a penny after unplanned outages at the Troll Field and Nyhamna plant provided a boost but was later revealed that both issues […]