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Gas Market Natural gas prices continued their upward trajectory on Tuesday as the market weighed up several issues and how they could impact supply and demand. At the forefront is the Israeli-Hamas War, and the potential for escalation in volatility in the Middle East. Adding price support is the shutdown of the Israeli domestic gas […]

Gas Market Crude oil prices recovered some of the heavy losses made last week on Monday with the escalation of the conflict in the Middle East providing the lion’s share of support on the day.  Prices did fall back from the intra-day highs which peaked around $4.50 a barrel above Friday’s close. Brent for December […]

Gas Market As the week drew to a close amid considerable volatility, UK gas prices managed to secure a positive position on Friday, albeit with gains that were somewhat constrained and unable to fully offset earlier losses. Initially, market sentiment appeared bearish, with the front month contract opening at 88.75p. However, this trajectory swiftly reversed, […]

Gas Market NBP futures recent downward trend resumed in yesterday’s session after a brief respite on Wednesday. The prompt contracts and front of the curve bore the brunt of the downward pressure as mild weather is forecasted in the UK in the coming weeks resulting in demand being way below seasonal averages. There was very […]

Gas Market NBP futures steadied the ship on Wednesday with contracts across the curve settling with modest gains. The increase was capped as fundamentals remain strong with storage across Europe at over 96%, mild weather forecasted for October and a healthy supply of LNG vessels expected to dock in the UK over the next two […]

Gas Market The recent downward momentum showed no sign of slowing through Tuesday’s session as the entire curve continued to lose value. Gas for delivery in November led the charge with prices down 6.13p. At 92.23 pence per therm, November has not reached these lows since 2021. The malaise from the front month spread to […]

Gas Market During the opening session of the winter gas period, NBP prices dipped at the front end of the curve, reflecting a market responding to robust near-term fundamentals, rekindling the familiar narrative of risk premium erosion for near delivery contracts. Yesterday’s trading session saw the November front month contract shedding 7.04p to settle at […]

Gas Market Following the expiry of four contracts on Thursday, Oct-23, Q4-23, Winter-23 and the Gas Year 23 Friday’s session was rather subdued but nevertheless near curve prices crept lower. The new front month Nov-23 opened the session in negative territory and gradually fell across the day eventually closing at 105.45p/th a decline of 4.36p […]

Gas Market Yet another uneventful session characterized the UK gas market yesterday, as contracts continued to hover within a narrow price range of 2.50p. On its final trading day, the front month October contract closed  0.94p  higher at 100.35p. Notably, this contract has maintained an average trading price of 91.78p throughout September, marking a 6.27p […]

Gas Market In the UK gas market, prices experienced a second consecutive session of declines yesterday, although these losses were marginal. As we approach the final day of trading, the Winter 23 contract settled at 120.00p, a significant contrast to its peak of 722.96p in August of the previous year. Instead, it now aligns more […]