Gas Market The early pattern of oscillation between gains and losses for near month futures on the NBP curve continued through the session as the market wrestled to find direction on Wednesday. It was the last day for buying the front month, August, on the ICE platform and the contract ended the day a […]
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NBP gas prices posted a third consecutive day of gains on Tuesday, with the near months up by an average of 3.6% on heightened geopolitical tensions.
Gas Market NBP gas prices posted a third consecutive day of gains on Tuesday, with the near months up by an average of 3.6% on heightened geopolitical tensions. The market was supported by U.S. President Donald Trump’s renewed pressure on President Putin, threatening secondary sanctions on Russia unless progress towards an end to the war […]
NBP Gas Rebounds on Monday Amid Trade Deal Optimism and Geopolitical Tensions
Gas Market NBP gas prices eased in early trading, pressured by strong Norwegian flows and the market reaction to the announcement of an EU-U.S. trade deal. While agreement allays fears of an escalating trade war, it includes a 15% tariff on U.S. imports on most EU goods, significantly higher than the effective rate of 2.5% […]
Near NBP months settled with modest gains on Friday
Gas Market After a relatively subdued week, very little changed in the gas markets and near futures settled just over a penny higher on Friday. The August contract settled at 79.06p per therm which was towards the lower level of the price range for the front month during July. The low for the contract […]
NBP Contracts Soften as LNG Flows Shift to Europe and Storage Gap Narrows
Gas Market Near-curve NBP gas prices eased on Thursday, with the front-month contract slipping as market confidence grew around the EU’s progress toward meeting its winter storage target. In contrast, contracts further along the curve were supported by strong gains in carbon markets. Although European gas storage remains 17.33% below 2024 levels, the gap has […]
Uncertainty over a possible trade agreement between the U.S. and the E.U. weighed on NBP futures on Wednesday
Gas Market After spending much of Wednesday’s morning session in positive territory, NBP curve prices began to fall back in the afternoon. Despite the US – Japan trade agreement reached late on Tuesday providing a somewhat renewed economic outlook, markets remained tentative to the ongoing US – EU trade negotiations. Meanwhile, peace talks between Russia […]
With market fundamentals largely unchanged on Tuesday, NBP curve movements were muted.
Gas Market With market fundamentals largely unchanged on Tuesday, NBP curve movements were muted. Donald Trump’s August 1st deadline continues to hang over markets, with prices awaiting direction depending on the outcome of talks. Meanwhile, European storage levels continue to edge up, currently sitting at 65.4% full, 17.7% lower than this time last year. Despite […]
Energy Prices Ease as Supply Outlooks Improve Across Gas, Power, and Oil Markets
Gas Market NBP gas prices traded within a narrow range for most of Monday as the market assessed steady weather forecasts and gas-for-power demand. However, prices softened late in the session following analyst reports suggesting the EU is on track to meet its October 1st gas storage target, supported by reduced Chinese LNG demand. Chinese […]
NBP curve contracts fell back on Friday, with the near months ending the session down 2.2% day-on-day.
Gas Market After opening in positive territory, the NBP curve edged down on Friday, with the near months ending the session down 2.2% day-on-day. The front month contract spent some time at sub-80.00p, before closing at 80.14p per therm, down 1.95p day-on-day and 6.0% down week-on-week. A rise in flows into the U.K. via the […]
Gas Falls on Norwegian Supply Recovery as Oil Rises Amid Kurdistan Output Disruptions
Gas Market NBP gas prices declined on Thursday, reversing the previous day’s gains as Norwegian supply rebounded. Flows through the Langeled pipeline were revised up by 26 mcm/d following a sharp drop caused by an unplanned outage at Nyhamna. The front-month August contract fell by 1.58p to settle at 82.09p/therm, while the Day-Ahead contract also […]
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