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UK gas futures prices continued to retreat UK gas futures prices continued to retreat on Monday reflecting the market sentiment from the end of last week. Contracts for a January delivery shed 18.35p to finish the session at 270.07p a therm while the summer 2023 contract gave up 15.03p to settle at 267.89p a therm. […]

Temperatures for the week ahead are to rise above the seasonal norm Revised forecasts that showed temperatures for the week ahead are to rise above the seasonal norm saw prompt and near curve contracts retreat on Friday.  The January contract was almost 30.00p down by mid-morning and by the end of the session had yielded […]

Wednesday’s losses were partially recovered yesterday Wednesday’s losses to near NBP curve contracts were partially recovered yesterday as contracts responded to gains on the prompt and a short gas system.  The British gas operator has faced the first test of the winter this week and had to reduce exports to the continent on Thursday to […]

UK gas futures contracts retreated yesterday UK gas futures contracts retreated yesterday as prices softened across the curve. The front month of January experienced a decline of 16.43p to finish the day at 324.89p a therm, while further out the Summer 2023 contract shed 17.85p to settle at 317.67p a therm. The system remained undersupplied […]

 UK gas markets yesterday saw near term futures move marginally higher A mixed day on the UK gas markets yesterday saw near term futures move marginally higher after three consecutive days of losses, while further out, minor declines continued. Overall movements up or down were slight with contracts for the front month of January adding […]

NBP near curve contracts settle lower For the third consecutive session, NBP near curve contracts settle lower. However, losses were marginally in comparison to recent market trends, with the front month January settling 6.86p lower at 339.05 pence per therm. Contracts for 2023 delivery settled 4.07p lower on average despite yesterday’s joint press conference with […]

Market opened in a subdued manner on Friday Following Thursday’s losses on the near curve, the market opened in a subdued manner on Friday morning, down marginally form the previous day’s close. The volatility that has become an ever present in the market was clear again on Friday as intraday trading saw prices climb as […]

Prices slumped later in the session yesterday Early indications of another upward run in NBP gas futures contracts proved to be premature as prices slumped later in the session yesterday. Contracts for the front month of January traded as high as 396.52p before the late sell off saw prices fall 24.90p settling at 349.59p a […]

NBP markets pushed higher for a second consecutive session NBP markets pushed higher for a second consecutive session yesterday with prices rising across the curve. A combination of temperatures and wind generation both significantly below seasonal averages have helped to drive prices higher, particularly with respect to the prompt and near-curve contracts. Adding further pressure, […]

The cooler temperatures pushed GB gas demand The cooler temperatures pushed GB gas demand above 355MCM yesterday, and gas prices on the NBP prompt and near curve crept higher.  Lower wind generation also added to gas demand on the day and having opened with a surplus the gas system struggled to remain in balance and […]