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NBP near curve declines continue The NBP near curve followed up Fridays declines with more losses on Monday.  Prompt prices eased as UK gas demand fell due to higher output from wind generation in the power stack while robust LNG deliveries have pressured the winter months.  The front month contract closed at its lowest since […]

NBP futures retreat markedly After posting gains for 2 consecutive sessions, UK markets retreated substantially on Friday. Prices slipped from early in the session and by the market close the front month of December had shed 28.39p to settle at 280.62p a therm. Further out the 2023 contract fell 14.84p to end the day at […]

NBP futures extend gains after a stormy session A turbulent day of trading saw NBP futures posting significant gains in early trading before a late sell off limited the daily gains. The strong start to the trading session was sustained in the NBP prompt which rose steadily throughout the day to finish at 175.00p a […]

 UK gas futures reverse losses and make modest gains yesterday UK gas future contracts reversed their losses from the previous two session to end the day with modest gains. A strong uptick in the prompt market due to weather fundamentals filtered into the curve yesterday, highlighting the hypersensitivity future contract face this winter with slight […]

GB gas demand below seasonal norm GB gas demand was well below the seasonal norm on Tuesday which pressured the prompt and near curve of the NBP.  High wind generation has displaced gas fired generators from the power stack, while the mild temperatures have also dented heating load.  The spot settled 28.00p down at 42.05p […]

The near curve contracts fell The unseasonably mild weather across Europe has curtailed gas demand in recent weeks leaving the continent better supplied heading into the winter.  LNG deliveries have also ramped up and this could see the new front month for the NBP, December, come under pressure.  The near curve contracts fell by an […]

Strong buying activity supports far curve contracts UK gas near curve contracts sustained their upward momentum during Friday’s session, in particular the November front month contract which settled at a two week high during its final day of trading  at 246.43p, as the return of Rough Storage injection volumes fed into the market. Further along […]

 NBP gas market reversed the trend of the previous 4 sessions The NBP gas market reversed the trend of the previous 4 sessions posting gains across much of the curve yesterday. The UK system remained undersupplied throughout the day, as Langeled flows were reduced, and domestic production restricted by maintenance at the Teesside Cats facility. […]

 Numerous unplanned outages supported NBP prompt contracts UK gas futures continued to push lower during yesterday’s session despite slight gains in the front month. The recent downward sentiment has found support in healthy near-term fundamentals, nonetheless UK gas future contracts remain elevated when compared to historical prices, as a sense of uncertainty lingers in the […]

The NBP front month contract strengthened yesterday The NBP front month contract strengthened yesterday, while all remaining future gas contracts pushed lower as healthy near-term fundamentals supported the market. However, market momentum was stable when compared to recent volatile sessions. With ample supply and robust storage levels, the weather will be the key market driver […]