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Gas Market The GB wholesale gas market continued to show weakness on Monday as the near curve fell by a further 1.50p – 2.00p however it was the front winter contract that stole the limelight by shedding over 8.00p.  It was the second day in a row that contracts covering 2024, which had resisted the […]

Gas Market Forecasts for wind generation were increased for the start of the week and combined with ample supplies of LNG pressured the NBP prompt and near futures.  The day ahead price shed 3.65p on the day while the balance of month contract settled 6.15p lower.  The June contract closed 4.82p down at 75.93p which […]

Gas Market UK gas contracts displayed a mixed pattern of movement yesterday, but overall prices remained stagnant, failing to surpass the 1.00p threshold. The font of the curve remains in negative territory based on the five day moving averages, while further dated contracts are still holding risk premium. The front month contract June settled at […]

Gas Market UK gas front months slump lower yesterday, while some further dated contracts move in the opposite direction. Losses on the front curve were attributed by significant storage levels and ample supply, as prices begin to align more closely with the underlying fundamental factors. The front month contract June settled at 80.56p per therm, […]

Gas Market Following the long weekend in the UK, early trading was thin with the front month opening strongly, up by over two pence per therm on expectations of lower wind generation. However, a choppy session saw prices across the curve fall in the late morning before reversing course in the late afternoon. Forecasts of […]

Gas Market The GB gas system remained short on Friday with lower wind generation adding to demand while scheduled maintenance works on Norwegian feeds curbed imports.  Prompt prices settled around 2.00p higher, boosted by the tight gas supplies on the day while the balance of month contract settled 2.55p higher at 83.05p.  The near months […]

Gas Market Risk premium continued to fall from the front of the NBP curve during yesterday session, marking four consecutive days of losses in the gas market. One significant factor contributing to this bearish trend is the recent decrease in Asian LNG prices , which have hit their lowest levels since May 2021. This has […]

Gas Market A stronger than expected flow of gas from Norway coupled with low demand weighed on the prompt and near curve yesterday.  Scheduled maintenance works at the Karsto field was suspended yesterday which increased gas flows to the UK on the day.  Prompt prices were falling earlier with demand subdued due to the mild […]

Gas Market The downward trend on the near curve continued unabated on Tuesday as all contracts posted losses following the extended weekend. June, the new front month, gave up 3.13 pence per therm closing at 85.36p. Expected LNG deliveries remain elevated, while the outlook for Norwegian supplies remains healthy. Storage levels are currently at almost […]

Gas Market UK natural gas forward contracts saw declines during Friday’s session, with weak demand and few bullish factors evident to drive prices back into an upward trend. Contracts for delivery for the remaining months of the year lost 1.79p on average while the bellwether contract Winter 23 settled at 146.07p, down 1.57 pence per […]