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Sell off on the UK NBP gas market continued during the session The sell off on the UK NBP gas market continued during the session on Mondays as contracts opened weaker and then extended losses for the duration of the market.  At this stage, the gains that were posted during last Thursday’s session have been […]

Above seasonal norm temperatures pressured the prompt Having settled higher for the first time in six sessions on Thursday, the gas markets reverted to declines on Friday with near months closing lower by an average of 21.22p.  Forecasts for increased wind generation along with above seasonal norm temperatures pressured the prompt on the day despite […]

Speculation on currencies provided support to prompt and near curve gas prices A short GB gas system along with speculation on currencies ahead of the resignation of the British Prime Minister provided support to prompt and near curve gas prices yesterday.  Curtailed imports from Norway due to maintenance works combined with a lower LNG send […]

UK gas market continued to give up premium The UK gas market continued to give up premium with the gas prompt continuing to pile pressure on near term contracts.  The prompt weakness was once again evident as spot and day ahead contracts languished at sub-50.00p per therm.   On the supply side the UK market was […]

UK prompt market plummeted UK gas future contracts continued to unload risk premium for the fourth consecutive session yesterday, as selling pressure mounts for the front month contract. The November contract has lost 84.70p on average over the last five days of trading and settled at 201.50p per therm yesterday. The bearish sentiment was less […]

Another volatile session on the UK gas futures market Another volatile session on the UK gas futures market yesterday saw prices fall from the front of the NBP curve as ample supply and demand destruction erodes risk premium. European gas hubs also plummeted as the market awaits the European Commission potential price cap announcement. The […]

GB gas markets ended the week lower The GB gas markets ended the week lower with the prompt responding to forecasts for higher temperatures and increased wind generation which should curb gas demand for the next week or so.  The day ahead product settled below the 100.00p per therm mark for the second time this […]

There were further declines on the GB gas markets on Thursday There were further declines on the GB gas markets on Thursday with both the prompt and near curve relinquishing premium as demand is expected to ease while LNG supplies are topped up.  Temperatures are expected to rise above the seasonal norm next week while […]

Intraday volatility was also much less severe than of late The UK gas market has been relatively stable in the last number of sessions with prices not moving too far from previous settlements.  Intraday volatility was also much less severe than of late as most NBP contracts slipped between gains and losses over the day. […]

 The UK gas market pushed higher yesterday The UK gas market pushed higher yesterday, extending the gains made on the previous session, but yet again it was a day marked by a lack of direction. Contracts for the front month of November traded as high as 310.00p and as low as 280.00, a spread of […]