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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 […]

Gas Market For the majority of the day the market was benign remaining flat day on day with little to no movement. However, just before settlement the market sparked into life with all traded contracts reaching their intraday high. The front month, July, eventually settled at 85.16 pence per therm, and increase of 5.43p day […]

Gas Market UK gas prices concluded Friday’s session with a modest decline, extending the downward trend observed over the past three sessions. Despite ongoing maintenance work on Norwegian gas infrastructure during the summer, the persistent weakness in industrial demand has continued to pressure overall gas demand. The front month contract July experienced a decline of […]

Gas Market UK gas markets continued to release premium on Thursday, for the second consecutive session. Healthy near term fundamentals including high storage levels and continued lacklustre industrial demand has weighed on the market. While there are still concerns over the lingering uncertainty over the length and extent of outages at Norwegian gas infrastructure, the […]

Gas Market Trading on the NBP futures market continued with some volatility on Wednesday morning as Norwegian gas supply concerns lingered.  Near futures had racked up modest gains in the morning but these were reversed in the afternoon. News that two LNG shipments due at UK ports by the end of the month was welcomed […]

Gas Market UK gas markets pushed higher across most of the curve on Tuesday amid continued gas supply concerns from high levels of Norwegian continental shelf maintenance until mid-July. In another volatile session, the largest increase was in the front month July contract which was trading as high as 103.00 pence per therm earlier in […]

Gas Market The GB gas markets started the week mixed with near futures settling marginally lower while contracts from next summer posted minor gains.  An unplanned outage at the Kollsnes field was shrugged off yesterdays as the NBP spot and day ahead products reversed some of the premium built in over last week.  The spot […]

Gas Market UK gas prices began to unravel risk premium on Friday, following a volatile week due to extended outages in Norwegian gas fields. NBP contracts retraced Thursday’s short squeeze after traders weighed up short-term supply woes versus a high storage levels. Despite Friday’s downward momentum, it’s important to note that contracts across the curve […]

Gas Market European gas markets extended gains for the third day in a row since the announcement of the extension to the maintenance at Norway’s Nyhamna gas processing plant from the 21st of June until the 15th of July on Tuesday. With the tightening of gas supplies across the continent, many traders were stopping out […]

Gas Market The UK gas market extended gains across the curve yesterday, as buying activity increased substantially in European markets since the news broke on Tuesday, of the extension to the maintenance at Norway’s Nyhamna gas processing plant from the 21st of June until the 15th of July. In contrast to Tuesday’s session, where the […]