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Gas Market Price movement in the UK gas market was limited yesterday, however the recent downward trend along the front of the curve resurfaced. The front month contract June dipped to a low of 64.11p before crawling back some of the losses to settle at 66.36p down 2.00p on the day. Weakness along the far […]

Gas Market The GB gas markets opened a touch higher on Friday with scheduled Norwegian maintenance stepping up and tightening supply margins on the day.  Gas demand was down at 218mcm on Friday and supplies didn’t balance until later in the session and this provided support to the spot and day ahead contracts on the […]

Gas Market Prices in the UK gas market fell from the front once again, with losses recorded across the curve yesterday. Thursday’s losses further contributed to modest declines when examining the five-day average price movements. Notably Winter 23 is down 18.76p on average after closing at 123.02p yesterday a price level not seen since before […]

Gas Market NBP near curve dipped lower yesterday for the fourth consecutive session, while winter risk lifted contracts further along the curve. An abundance of LNG continues to pressure June, the front month contract which settled at 72.95p yesterday, its lowest level since late November. To reflect on the gas markets journey since the energy […]

Gas Market The decline on UK and European gas markets continued Tuesday with far curve contract in particular continuing their recent collapse. The NBP Winter-23 contract lost 3.74 pence per therm to close at 121.72p/therm, a loss of 20.49p over five days. Behind the recent collapse is the high levels of storage across Nort West […]

Gas Market The GB wholesale gas market continued to show weakness on Monday as the near curve fell by a further 1.50p – 2.00p however it was the front winter contract that stole the limelight by shedding over 8.00p.  It was the second day in a row that contracts covering 2024, which had resisted the […]

Gas Market Forecasts for wind generation were increased for the start of the week and combined with ample supplies of LNG pressured the NBP prompt and near futures.  The day ahead price shed 3.65p on the day while the balance of month contract settled 6.15p lower.  The June contract closed 4.82p down at 75.93p which […]

Gas Market UK gas contracts displayed a mixed pattern of movement yesterday, but overall prices remained stagnant, failing to surpass the 1.00p threshold. The font of the curve remains in negative territory based on the five day moving averages, while further dated contracts are still holding risk premium. The front month contract June settled at […]

Gas Market UK gas front months slump lower yesterday, while some further dated contracts move in the opposite direction. Losses on the front curve were attributed by significant storage levels and ample supply, as prices begin to align more closely with the underlying fundamental factors. The front month contract June settled at 80.56p per therm, […]

Gas Market Following the long weekend in the UK, early trading was thin with the front month opening strongly, up by over two pence per therm on expectations of lower wind generation. However, a choppy session saw prices across the curve fall in the late morning before reversing course in the late afternoon. Forecasts of […]