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Gas Market There was more sideways movement in the NBP futures market on Thursday with near months flipping between losses and gains while there was a late gain in contracts from the winter out.  May expired on the ICE platform yesterday and settled almost flat at 90.53p while the June contract gained nearly a penny […]

Gas Market UK gas contracts appeared to be on track for a day of losses yesterday, but towards the end of the session, some far curve contracts, including Summer 24, managed to reverse the losses and concluded the day with gains. Bearish pressure long along the near curve had once again arose from robust LNG […]

Gas Market A mixed day for near curve contracts saw some contracts increase in price while most notably, June gained value. The front month opened at parity to Monday’s close before trading higher in mid-morning. News of at least six laden LNG vessels confirmed to dock at UK LNG regassification terminals soon pressured prices late […]

Gas Market UK gas prices started yesterday session in positive territory, however as the day progressed prices began to retreat in line with a healthy fundamental picture and eventually close lower. However, the overall market sentiment remained subdued, with limited price movement observed. Notably, the largest dip in prices was witnessed along the near curve, […]

Gas Market The recent sideways movement continued in the NBP gas markets on Friday with early gains being pared back or reversed by the close of play.  The front month, May, settled 049p up at 96.09p to bring the week’s decline to 2.37p.  The front winter contract was almost flat at 143.72p on Friday while […]

Gas Market Yesterday’s lack of significant price movement in the UK gas market may have been uneventful, but it does appear to indicate that the market has reached a plateau.  Near term contracts settled within a 1.00p range from the previous session, excluding Winter 24 which closed 2.00p lower at 145.86p per therm. The front […]

Gas Market UK gas prices made modest losses during yesterday’s session, with the front of the curve taking the biggest hit. Healthy near-term fundamentals is the main driving force behind the erosion of risk premium for near delivery contracts, while an element of uncertainly further out is reflected in the limited price movement. The front […]

Gas Market Tuesday was a relatively subdued day again on NBP price markets despite a slight uptick in the majority of contract prices. The front month opened just shy of a penny above Monday’s close before falling off in late morning to the low of the day at what was essentially parity to the previous […]

Gas Market The GB gas markets remained subdued on Monday with early gains of around 2.00p-3.00p being reversed later in the session as futures settled mixed.  The front month, May settled just 0.30p higher at 98.76p while the winter contract eased by 0.79p to 146.71p.  Forecasts for wind generation to pick up weighed on the […]

Gas Market Wholesale gas prices continued to ease on Friday as the front months on the NBP declined by an average of 2.00p. Over the week the May contract declined by 8.18p.  Further out, losses were more muted on the day with risk premium being pushed out to the winter and beyond as the summer-24 […]