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Gas Market On the Friday before Christmas, the UK gas markets closed early for the holidays and trading activity during the session was subdued. By the close of play most near contracts settled lower but movement on the day was minimal with the January contract just 0.32p lower at 85.32p.  While the front month has […]

Gas Market Gas prices rebounded on Wednesday, following Tuesday’s losses. Prices across the board opened in positive territory and remained above the previous close for much of the day. The risk posed by the attacks in the Red Sea raised its head again as a potential driving force behind the 2.85p/th increase to the front […]

Gas Market On Tuesday, UK gas prices opened lower and continued shedding the risk premium linked to the escalating tensions in the Red Sea throughout the session. NBP contracts firstly realigned within the price range witnessed last week and then dipped even lower. The NBP Q1-24 contract opened at 85.90p and proceeded to fall, closing […]

Gas Market The NBP Gas market looked to be continuing its recent downward trend with prices opening below Friday’s close. Jan-24, the front month, opened at 82.5p per therm, and continued to trade lower. However, prices soon rebounded with news that BP and other major freight companies had ceased crossing the Red Sea amid attacks […]

Gas Market For the second consecutive session UK gas contracts ended the day in negative territory on Friday. Risk premium eroded from the front of the curve as a result of favorable market fundamentals including aggregate European storage levels at 89% fullness. The NBP month ahead contract closed 4.25p lower at 82.55 pence per therm, […]

Gas Market The malaise on UK gas markets continued unabated on Tuesday. The markets opened in negative territory, and other than Jan‐24 and Feb‐24 briefly trading higher, prices never looked like reversing the recent downward momentum. Gas fundamentals remain healthy across Europe with European storage sites standing at almost 91% fullness. With drought conditions persisting […]

Gas Market Monday revealed a clear downward sentiment in the UK gas market, with prices dropping to levels unseen since early 2022. The front seasonal contract Summer-24 closed at 90.02p, marking its lowest point since February 2022. Additionally, the gap between the front two quarterly contracts continued to narrow, as Q1-24 and Q2-24 closed at […]

Gas Market UK NBP gas contracts ended Friday’s session with a decline, sustaining modest losses over a five-day average. The front of the curve witnessed a reduction in risk premium, as contracts aligned with healthy near-term fundamentals. The Summer-24 contract lost 2.38p to close at 95.70 pence per therm its lowest level since February 2022 […]

Gas Market On Thursday, UK gas prices displayed a marginal uptick, extending the gains from the previous session, but remained in negative territory over a five-session average. Yesterday’s gains came despite healthy near-term fundamentals, including aggregate European storage levels at over 90% and LNG imports at a six month high. The front quarter Q1-24 opened […]

Gas Market With temperatures set to increase to seasonal norms the selloff on the gas market continued unabated across Tuesday’s session. Q1-24 fell to 96.78p/th at closing, the first time it has been assessed below 100.00 pence per therm since the 20th of January 2022. At its current level the contract has fallen by 71.6% […]