Gas Market Natural gas futures on the NBP ended the week with modest gains as near months exchanged above the 70.00p mark for much of the session before retreating late in the session. The front month February traded to high of 72.04p but settled at 69.86p with a gain of 1.44p. The Summer-24 contract also […]
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Buying activity due to Feb-24 breaking a key resistance price level of 70.00p/th helped stem the recent decline in prices.
Gas Market Following the recent sell-off on the NBP, Thursday proved to be a day of reflection as the decline halted, and the most contracts made minor gains, effectively moving sideways. With February closing below 70.00p/th on Wednesday, the move lower appeared to trigger buying action. The contract was supported, trading for the majority of […]
Front months for the NBP crashed through the 70.00p marker with February closing at 68.36p, down 5.16p on Wednesday
Gas Market The gas markets discarded the current cold snap as prompt prices for the NBP fell by between 3.75p and 6.25p per therm on Wednesday while near futures declined by around 5.00p amid ample gas supplies. GB gas demand was one of the highest for the winter so far, but supplies were comfortable, […]
Gas prices continue to decline, with contracts reaching new 24-month lows
Gas Market An erratic day on the NBP ended with prices across the curve closing marginally down from Monday’s close. The front month, Feb-24, opened higher and continued upwards to a high of 76.1p/th spurned on by the news of a missile striking an empty Maltese cargo ship in the Red Sea. However, prices were […]
At the front of the curve, NBP futures settled an average of 5.15p lower yesterday
Gas Market Gas prices across Europe began the week by shrugging off all the bullish factors of the day and ended lower. The markets ignored reports of LNG tankers from Qatar being diverted around the Cape of Good Hope away from the Suez Canal. The longer trip adds around nine days to LNG deliveries to […]
Increased military activity in the Red Sea has led to Qatar Energy pausing the shipping of LNG via the Red Sea
Gas Market NBP gas prices rebounded slightly on Friday, but all contracts were down week-on-week following the losses earlier in the week. Gas prices garnered support from increasing risk in the middle east the spreading or war and unrest in the area. The United States and Britain carried out strikes on Houthi military targets in […]
There were sharp losses in the carbon markets with EUAs shedding an average of 5.6% yesterday
Gas Market The ample gas supplies currently available continued to drive market sentiment on Tuesday as natural gas futures and prompt prices settled lower. It was a slow start for futures following the break for the new year’s holiday as the market weighed up the escalation of attacks on shipping in the Red Sea at […]
Crude oil prices have rebounded
Gas Market Near months on the NBP ended the year in decline with February settling at 80.71p, a fresh two year low for the contract. The mild winter along with high levels of gas in storage while LNG deliveries keep arriving have pressured natural gas futures lately as near month contracts have fallen to levels […]
Natural gas futures for the NBP have continued to edge lower
Gas Market Wednesdays gains to NBP futures were reversed and some during Thursday’s trading session. The January contract settled just above its low point of the day at 83.56p, posting a loss of 6.47p. The contract expired on ICE platform on Thursday along with the Quarter 1-2024 contract which also declined by over 6.00p. Yesterday’s […]
NBP futures have opened softer this morning reversing yesterdays gains
Gas Market The gas markets resumed with strong gains after the break for the Christmas holidays. Concerns were raised following the increased attacks on shipping vessels in the Red Sea over the break. It was feared this could force shipping traffic to be diverted away from the Suez Canal, the quickest route to Europe from […]
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