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Gas Market As the market remained optimistic of Nyhamna’s imminent return, gas prices continued to topple for the second consecutive day. The front month August was the only contract on the curve to trade in positive territory as it briefly exchanged hands at 74.57p in late morning trading before the downward pressure returned. The contract […]

Gas Market A clear downward trend was witnessed in the UK gas market yesterday, as risk premium unravelled from the front. The front month contract August-23 displayed the largest daily price movement in over 15 sessions, shedding 8.33p to settle at 73.53 pence per therm. Market sentiment remained focused on Norwegian gas flows. With the […]

Gas Market NBP futures opened firmer on Friday and after some relinquishing of early gains prices resumed an upward trend in the afternoon as near contracts settled higher by an average of 2.75p per therm.  The August contract added 2.61p to settle at 81.86p while over the week the front month declined by almost 10.00p.  […]

Gas Market Lower demand weighed on the NBP prompt on Thursday with near months on the curve also shedding premium on day.  GB gas demand was around 126mcm yesterday with a similar level forecast for Friday as increased wind generation displaced gas fired generators from the power stack.  Prompt prices eased with the comfortable gas […]

Gas Market The NBP market oscillated between gains and losses throughout the day due to mixed news on fundamentals. Pipeline supplies to from Norway continue to improve as some maintenance has ended but there was an announcement that an outage reducing 104 million cubic metres (MCM) per day at the Troll field has been extended […]

Gas Market Tuesday was a choppy session on the NBP gas market with prices lacking clear direction for much of the day. Looking at recent price swings and day on moves, yesterday’s close was essentially flat. The front month opened in positive territory, trading to what looked like being the intraday high of 85.29 pence […]

Gas Market The gains recorded at the end of last week by the NBP curve were reversed yesterday after the market opened firmer on Monday.  The new front month, August, traded up to 97.84p per therm early in the session but gains were not sustained, and the contract traded down to 82.85p before closing at […]

Gas Market The NBP market closed higher on Friday’s session with the near cure and prompt buoyed by a significant drop off in LNG arrivals to Britain and extensions to planned Norwegian gas maintenance.  Centrica announced they have increased storage capacity in the Rough site to 54 billion cubic feet (bcf) from 30 bcf after […]

Gas Market The fundamentals surrounding the UK gas market remained unchanged on Thursday with low LNG deliveries combining with the lack of Norwegian supplies to leave futures slightly higher at the close.  The near curve flip-flopped between gains and losses earlier in the session but trading ranges on the day remained quite tight.  The July […]

Gas Market There was limited price movement in the NBP market yesterday with prices over the whole curve trading in very tight ranges as there was little change in market fundamentals. There are high storage levels for this time of year but LNG sendout has been low recently and the extended maintenance in Norwegian gas […]