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Gas Market  After the long weekend for the Easter break, wholesale natural gas prices continued to show weakness as the near curve eased.  Early losses of around 2.00p per therm to the front months were pared back but the overall fundamentals pressured the curve over the afternoon and May yielded over 3.00p.  Winter-2024 is the […]

Gas Market Gas prices reestablished their recent downward trend following Wednesday’s hiatus. May-24, in its debut session as the front month, shed 1.51p/th and was assessed at 68.05p/th at the close having traded as low as 67.70p/th. Temperatures are expected to rise to above seasonal norms from the week commencing April 2nd, and the anticipated […]

Gas Market At the close of play on Wednesday NBP futures were a touch higher after some flip-flopping through the session. European coal prices increased after the collapsed bridge in Baltimore, but this had little impact on gas prices yesterday. Near months traded in a tight range for the most part with focus on the […]

Gas Market European gas markets all declined significantly with the NBP April contract falling back below 70.0p/th in its penultimate session of trading on ICE before expiry. The contract declined by 4.27p/th as market fundamentals once again reigned over market proceedings on Tuesday. Similarly, both Q2-24 and Summer-24 also due to expire at the end […]

Gas Market The energy markets across Europe were on edge yesterday following the terrorists attack in Moscow and reports that Russia targeted an underground gas storage facility in Ukraine at the weekend.  Initial reports from Ukraine are saying the storage facility is intact after the weekend bombardment but a full engineer’s assessment is required.  Near […]

Gas Market Forward gas markets rebounded on Fridays following the previous sessions losses. With volatility now a seemingly ever-present, the front month NBP contract reversed all and more of Thursdays losses as the contract closed at 71.74p/th, just shy of April’s daily high of 72.22p/th traded just prior to closing. Trades following the closing window […]

Gas Market The Spot closed over 4.00p per therm lower yesterday as the GB gas system was well balanced with supplies still showing a surplus with just an hour of trading to go. Increased wind generation dented gas demand on the day and is expected to rise again on Friday which pressured the prompt.  Natural […]

Gas Market There was mixed news from Freeport LNG yesterday as the company announced the stricken train 3 had returned to production after an extended maintenance period.  The liquefaction train had been offline since late in January when hit by a cold snap and the company had struggled to repair the unit since. As a […]

Gas Market After the significant step up in gas futures on Monday the near NBP curve moved sideways yesterday after sentiment switched back to the fundamentals.  European gas in storage is just below 60% and on target to remain above 50% by the end of the winter. LNG deliveries have continued to arrive at European […]

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 […]