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Gas Market On Friday we witnessed the near NBP futures market fall for a third day running as the August fell by 6.36p to close at 63.66p on its final day of trading on ICE. The front season, Winter-23 shed 5.59p to settled at 117.49p and over the week was 8.38p down. Contracts further out […]

Gas Market The energy markets across Europe continued to ease on Thursday with forecast for cooler temperatures expected to reduce cooling demand while restocking storage gas remains ahead of schedule.  Meanwhile in the UK, higher wind generation is expected for the next couple of weeks and is likely to dent the demand for gas fired […]

Gas Market NBP futures eased as risk premium eroded on Wednesday, cancelling out most of the gains seen earlier in the week as fundamentals remain strong with storage levels above 80% fullness, robust Norwegian flows into the UK and LNG deliveries expected to increase over the next two weeks. The front of the curve took […]

Gas Market UK gas prices extended their upward trajectory for the second consecutive session yesterday, with gains primarily observed at the front of the curve. Interestingly, the market seemed to disregard robust near-term fundamentals, despite Norwegian gas production reaching a nearly four-month high and European storage levels now above 80% fullness, ahead of its target. […]

Gas Market During the early hours of trading yesterday, the UK gas market saw limited movement, however as the day progressed contracts gained momentum and pushed higher. A recurring pattern emerged, indicating a clear build-up of risk premium primarily concentrated at the front of the curve, with the Aug-23 contract gaining 6.01p to settle at […]

Gas Market Friday’s session in the UK gas market commenced with a notable upward trajectory, signalling strong buying activity. However, as the day unfolded, the intraday gains gradually faded, and contracts along the curve underwent a reversal and eventually erased their early gains. The Winter 23 contract peak at 132.50p per therm, only to retreat […]

Gas Market Yesterday’s NBP gas market saw prices settle marginally higher for the third consecutive session. However, the market remained uncertain as contracts fluctuated between negative and positive territory throughout the day, reflecting the ongoing uncertainty in its overall direction. Notably, the seasonal contract for 2024 experienced the brunt of the upward push, with the […]

Gas Market The energy markets remained on edge yesterday as early morning losses to NBP futures were reversed and prices moved into positive territory through the afternoon.  Gains to the front months were over 5.00p at one stage but these were pared back and at the close the August contract settled 1.18p higher at 67.87p.  […]

Gas Market NBP futures regained some of the premium lost over the last week as an unplanned outage in the Aasta Hansteen gas field caused a little anxiety in the market that there could be unexpected extensions to the scheduled Norwegian maintenance next month. In August, the Troll field and Kollsnes gas processing plant will […]

Gas Market With the return of Norwegian gas imports after an extended maintenance run the market eased on opening yesterday but prices flipped between gains and losses for much of the session.  Nominations through the Langeled feeder were just shy of 60mcm yesterday, the highest since early summer. This left the GB gas system oversupplied […]