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 UK near curve contracts continued to release risk premium UK near curve contracts continued to release risk premium during yesterday’s session, however longer dated contract were boosted by a record decline in the pound sterling. October the front month contract sunk by over 65% month on month, settling at 240.78 pence per therm yesterday. Market […]

Trajectory of the UK gas market was very much in line with recent session The trajectory of the UK gas market was very much in line with recent session as prices moved between gains and losses over the course of the session on Friday.  Prices did not move too far either way as participants struggled […]

UK gas market was once again lacking any clear direction The UK gas market was once again lacking any clear direction as prices swung between gains and losses on multiple occasions over the course of the trading day.  The spread between the high and the low was less than in recent sessions being contained to […]

Prices on the UK NBP market surged higher UK energy market displayed extraordinary movement during the session on Wednesday following the announcement by the UK government that they were planning to implement a price cap on wholesale energy prices for industrial and commercial users. At a high level a cap of £75.00/MWh was to be […]

UK energy markets were twitchy after Monday’s bank holiday The UK energy markets were twitchy after Monday’s bank holiday and prices for NBP futures flipped between gains and losses for much of the early session.  The steep declines from Friday were retained for the most part although near contracts drifted higher later in the session […]

UK gas prices maintained their downward trajectory yesterday UK gas prices maintained their downward trajectory yesterday, despite low liquid on the market due to the UK Bank Holiday. For the third consecutive session the front month contract released risk premium and eventually settled at 282.41p per therm its lowest level since late March.  Winter 22 […]

October displayed the strongest sell off during the session Friday saw the UK gas market finish the week on a bearish note, as considerable risk premium fell out of NBP near curve contracts.  The front month contract October displayed the strongest sell off during the session, with the product eventually closing at 290.81p, down 95.74 […]

UK gas market experienced huge volatility The UK gas market experienced huge volatility during the session on Thursday as prices opened with significant premium added. It was apparent the market believed that the much-vaunted EU intervention in European energy markets was not going to have a major impact, especially in the absence of a price […]

The front of the curve came under sustained pressure The UK NBP gas market extended gains for the second session in a row as a number of supply issues provided support. An outage on the BBL restricted flow from the UK to the Netherlands although the expectation is that flows will return to normal on […]

Early losses were reversed over the morning An undersupplied GB gas system provided support to prompt and near futures on the NBP on Tuesday.  Early losses were reversed over the morning as supply concerns grew.  Planned maintenance works limited imports through the Langeled feeder to around 10MCM yesterday and while annual maintenance on the BBL […]