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 UK gas markets experienced a day of mixed trading UK gas markets experienced a day of mixed trading yesterday as near futures contracts slipped marginally while prices firmed further out. Contracts for the front month of December shed 2.52p to settle at 268.99p a therm and Q1 23 dropped 2.20p to end the day at […]

 GB gas demand is expected to pick up this week GB gas demand is expected to pick up this week with cooler temperatures forecast for the week while lower wind generation should also increase demand. The gas system was short on Friday and this provided support to the spot which settled 42.00p higher at 110.05p […]

 GB gas markets opened softer on Thursday The GB gas markets opened softer on Thursday, but losses were eroded late in the session on speculation of a delayed restart for the Freeport LNG facility.  The front month on the NBP curve, December, opened almost 20.00p down on the previous day’s close but settled just 1.88p […]

UK gas future contracts drifted lower on Wednesday UK gas future contracts drifted lower on Wednesday with the support of healthy near-term fundamentals. The front month contract December reversed the gains from the previous two session and settle at 269.73p, down 29.17 pence per therm. Near term fundamentals including ample LNG supply and healthy imports […]

 Yesterday was a day of two halves in the UK gas market Yesterday was a day of two halves in the UK gas market, with contracts opening higher from the offset before easing in the late afternoon to create wide margins between market highs and lows. The front month contract December peaked at 313.50p before […]

Gas futures surged higher on Monday Reversing the direction of the previous 3 days, gas futures surged higher on Monday as news that total UK demand was expected to increase by 10% to 272.00MCM due to reduced wind power generation. Further impetus to the increases came as gas imports via the Langeled pipeline were reduced, […]

NBP futures decline throughout session on Friday NBP gas futures fell for a third consecutive day on Friday. Prices came under pressure from early trading and retreated throughout the session. Contracts for a December delivery shed 37.96p to settle at 228.43p a therm. The downward pressure was apparent across the curve with the 2023 contract […]

Weakness in the prompt supports losses along the near curve UK gas future contracts continued to ease on Thursday, as the recent bearish sentiment in the prompt market holds firm. The front month contract peaked at 276.00p before falling back to settle at 266.39p per therm, down 45.03 pence per therm over the last five […]

 NBP gas market continues to erode risk premium Despite a lack of strong directional signals, UK gas prices retreated during Wednesday’s session. Following a recent trend, the front of the curve displayed the most significant losses, taking direction from ample supply in the near term and low seasonal demand. The front month contract December which […]

The GB gas system running a touch short The gas markets continue to be very responsive to any news of supply issues and yesterday’s outage at the Oseberg gas field prompted some buying activity on the near contracts.  With the GB gas system running a touch short, the prompt responded with the spot and day […]