Gas Market Gas prices declined in trading Tuesday as Russian gas continued to flow into Europe despite the announcement over the weekend that Gazprom would curtail flows into Austria. Reports show that nominations for Russian gas to flow through Slovakia to the Austrian border continue, but the counterparty on the Austrian side of the border […]
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Another volatile session was witnessed on Monday as NBP futures flipped from losses to gains as fears of an escalation in the war in Ukraine rose
Gas Market Gas flows from Russia continued over the weekend and on Monday despite the Austrian energy supplier, OMV, receiving notice of a cessation of supply from Gazprom. NBP futures opened lower to start the week, however, the morning’s opening declines of over 3.00p per therm were reversed later in the session. News that […]
News that Russian gas deliveries into Austria under a contract with OMV would halt from 16 November led to upside on the NBP near curve on Friday
Gas Market A relatively calm morning on the NBP on Friday turned into a volatile afternoon session after news reached the market that Russian gas deliveries into Austria under a contract with OMV would halt from Saturday, 16 November. The cessation of this contract will remove approximately 16mcm per day of gas supply into Austria. […]
After Thursday’s sharp gains, the gas markets are a little calmer this morning and NBP futures contracts across the board are showing declines
Gas Market The news that the Austrian gas supplier, OMV, intends to recoup damages of €230m plus costs from Gazprom by nonpayment of invoices sent the gas markets reeling yesterday. The arbitration was awarded on Wednesday and the market fears Russian gas supplies will be cut if OMV suspend payments. The volume of imported gas […]
The front month for the NBP, December, settled 1.65p per therm lower at 110.78p yesterday
Gas Market Weaker gas prices across Europe weighed on the NBP near curve and prompt yesterday. The front month for the NBP curve traded to a low of 108.00p per therm but failed to hold at that level and prices recovered through the afternoon session as December settled at 110.78p which is a decline of […]
The return to seasonal normal temperatures and reduced renewable power generation continues to support NBP gas prices
Gas Market Prompt prices were largely unmoved in trading Tuesday as the spot market settled flat to Monday’s close, while Day ahead increased by a mere 0.75 pence per therm. On the near curve the December contract settled at 112.87p/th, a premium of 1.87p/th to the previous close but 18% lower than year ago prices. […]
Volatility ensued across the NBP on Monday with notable gains exhibited on the prompt and near curve.
Gas Market Volatility ensued on the NBP prompt and near curve on Monday, with the front month contract trading a range of 6.03p per therm. More than 16.0% of natural gas output along the U.S. Gulf coast remained offline over the weekend in the aftermath of Hurricane Rafael, which may impact U.S. LNG exports into […]
Thursday’s gains continued into Friday with the biggest NBP increases observed across the prompt and near curve
Gas Market Forecasts for lower temperatures, high gas-for-power demand levels and an undersupplied system all conspired to drive up the Spot and prompt contracts on Friday, with the upside feeding into gains on the near curve as well. While high cloud cover continued to constrain solar output and low winds limit wind production, gas demand […]
NBP futures increased on Thursday as near months averaged gains of 2.22p per therm
Gas Market After a brief respite on Wednesday natural gas futures firmed yesterday with near months averaging gains of 2.22p per therm. The Summer-25 contract added 2.51p in response to gains across European markets as concerns of tightness of supplies for next summer grew. An unplanned outage at Oseberg pushed up prompt prices in the […]
The news that Donald Trump had regained the White House fed into early morning losses across the wider energy complex on Wednesday.
Gas Market The NBP Spot fell by 1.20p per therm day-on-day on Wednesday despite strong gas-fired power demand driven by low renewable production levels. An undersupplied system for much of the day also did little to stir upside. The Day ahead product posted a loss of 0.65p to settle at 101.50p per therm, with forecasts […]
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