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Gas Market The NBP market oscillated between gains and losses throughout the day due to mixed news on fundamentals. Pipeline supplies to from Norway continue to improve as some maintenance has ended but there was an announcement that an outage reducing 104 million cubic metres (MCM) per day at the Troll field has been extended […]

Gas Market Tuesday was a choppy session on the NBP gas market with prices lacking clear direction for much of the day. Looking at recent price swings and day on moves, yesterday’s close was essentially flat. The front month opened in positive territory, trading to what looked like being the intraday high of 85.29 pence […]

Gas Market The gains recorded at the end of last week by the NBP curve were reversed yesterday after the market opened firmer on Monday.  The new front month, August, traded up to 97.84p per therm early in the session but gains were not sustained, and the contract traded down to 82.85p before closing at […]

Gas Market The NBP market closed higher on Friday’s session with the near cure and prompt buoyed by a significant drop off in LNG arrivals to Britain and extensions to planned Norwegian gas maintenance.  Centrica announced they have increased storage capacity in the Rough site to 54 billion cubic feet (bcf) from 30 bcf after […]

Gas Market The fundamentals surrounding the UK gas market remained unchanged on Thursday with low LNG deliveries combining with the lack of Norwegian supplies to leave futures slightly higher at the close.  The near curve flip-flopped between gains and losses earlier in the session but trading ranges on the day remained quite tight.  The July […]

Gas Market There was limited price movement in the NBP market yesterday with prices over the whole curve trading in very tight ranges as there was little change in market fundamentals. There are high storage levels for this time of year but LNG sendout has been low recently and the extended maintenance in Norwegian gas […]

Gas Market For the majority of the day the market was benign remaining flat day on day with little to no movement. However, just before settlement the market sparked into life with all traded contracts reaching their intraday high. The front month, July, eventually settled at 85.16 pence per therm, and increase of 5.43p day […]

Gas Market UK gas prices concluded Friday’s session with a modest decline, extending the downward trend observed over the past three sessions. Despite ongoing maintenance work on Norwegian gas infrastructure during the summer, the persistent weakness in industrial demand has continued to pressure overall gas demand. The front month contract July experienced a decline of […]

Gas Market UK gas markets continued to release premium on Thursday, for the second consecutive session. Healthy near term fundamentals including high storage levels and continued lacklustre industrial demand has weighed on the market. While there are still concerns over the lingering uncertainty over the length and extent of outages at Norwegian gas infrastructure, the […]

Gas Market Trading on the NBP futures market continued with some volatility on Wednesday morning as Norwegian gas supply concerns lingered.  Near futures had racked up modest gains in the morning but these were reversed in the afternoon. News that two LNG shipments due at UK ports by the end of the month was welcomed […]