Gas Market There was more indecision in the GB gas markets early on Thursday with NBP futures flipping between gains and losses before settling with marginal losses across the board. Near month contracts have fallen close to the lows reached around three weeks ago, but seasonal contracts from the winter out are still around 20.00p […]
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The global oil markets continued their recent upward trend on Wednesday
Gas Market Yesterday’s trading session in the UK gas market featured mixed movement. With near curve contracts experiencing a slight decrease, seasonal contracts further out found support from the anticipated summer injection period as Europe concentrates on refilling its storage levels. The front month contract May lost 1.83p to close at 100.80p. Despite the marginal […]
Increased trading on carbon markets continues to support prices
Gas Market After three days of losses prices consolidated somewhat on Tuesday. The more liquid near term monthly contracts effectively closed flat to last Thursday’s close. Trading was sparse further out, with the initial trades only being transacted late in the afternoon for seasonal contracts from Summer-24 onwards. The lack of activity was reflected in […]
UK gas prices experienced their third consecutive day of declines on Thursday
Gas Market For the third consecutive session, UK gas prices declined on Thursday, the final day of trading before the Easter holidays. The market’s direction during the opening hours of trading was unclear due to the extremely thin liquidity. Nevertheless, as the day progressed, it became apparent that prices were continuing to retreat, following robust […]
Gas prices declined for a second consecutive session yesterday
Gas Market UK gas prices initially opened higher on Wednesday, but then reversed to turn negative as the fundamental picture was evaluated. Demand weakness persists across Europe, while risk premium resulting from French strikes and weather concerns has eased and as a result the market appears to be correcting itself. The front month contract took […]
Carbon in contrast to the rest of energy markets is robust
Gas Market The NBP gas market increased over the previous three sessions, with the most recent surge on Monday seemingly influenced primarily by the movement on oil and increased activity due to the recent expiry of three key contracts, April the front month, Q2-23 and Summer-23. Yesterday saw the market take stock of the movements […]
Bullish gains in gas, carbon and the crude oil markets on Monday
Gas Market A surge in crude oil prices added to support for gas prices on Monday as the front month contract for Brent rose by over $5.00 a barrel. GB gas demand increased as wind fell below recent averages and exports through the BBL interconnector increased while the TTF prompt remains at a premium to […]
Crude oil markets awoke to a surprise announcement from OPEC
Gas Market Forecasts for a drop in wind generation for the week lifted NBP prompt products on Friday while near curve contracts also edged higher on the day. Generation from wind has averaged almost 10GW for the last week and latest forecasts for the week ahead are for wind to fall to around 5.5GW on […]
UK gas system has opened oversupplied during the last session of March
Gas Market UK gas futures saw marginal gains during Thursday’s session, with the Winter 23 contract bearing the brunt of the upward momentum. This was primarily due to an increase in risk premium as the European Union warned of a gas shortage for the upcoming winter. This warning was issued in light of a potential […]
Strong fundamental factors create a period of stability in the UK gas market
Gas Market Momentum in the UK gas market was flat yesterday, as NBP gas contracts are experiencing a period of stability, with no notable volatility in recent days due to the presence of strong fundamental factors. LNG supplies are plentiful, and the aggregated European storage levels is at 50% ahead of the summer injection period. […]
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