Uncategorised

Decline in gas futures continued on Monday The decline in gas futures continued on Monday with near futures on the NBP shedding around 36.00p per therm on average in response to pressure ahead of possible market intervention by the EU commission.  The October contract settled at 347.56p, the lowest point since mid-July.  The front two […]

 UK gas prices lost value on Friday NBP gas contracts lost momentum on Friday, as Europe’s proposal to cap imported pipeline gas prices, introduce regulations to limited price volatility and the UK’s commitment to introduce a price cap being the key drivers of the downturn in UK gas prices. The front month contract October lost […]

 UK gas front month resists a bullish prompt market UK gas prices were on track to continue their downward trend yesterday, however in the late afternoon the market flipped, and a late surge lifted NBP gas contracts modestly higher on the day. The uncertainty surrounding Friday’s EU energy meeting to discuss the currently crises was […]

UK gas market ended the session lower on Wednesday A day of volatile trading saw UK NBP prices drop across the curve yesterday. A late rally helped curtail some of the losses, but over-all the market retreated. On the NBP, contracts for an October delivery shed 24.12p to settle at 404.06p, with Winter 22 contracts […]

There’s growing confidence that Europe can balance its needs this winter There were declines for the upcoming Winter contracts on the UK NBP market yesterday. Despite the continued curtailment of Russian flows via the Nord Stream pipeline, premium built in following Gazprom’s Friday evening announcement has waned. The prospect of operating the market without Russian […]

 Gains were pared back over the session Energy markets across Europe opened firmer on Monday as prices surged on the back of the news that Nord Stream 1 flows would not resume after maintenance works last week.  Capacity on the key gas pipeline to Europe had been ramped down to 20% after earlier maintenance in […]

UK gas prices continued to soften on Friday UK gas prices continued to soften on Friday with both prompt and future markets ended the session with substantial losses. The front month October lost 74.32 pence per therm to settle at 409.42p per therm, while the front seasonal contract Winter 22 settled at 525.33 pence, down […]

Upward momentum was evident across UK near curve gas prices Upward momentum was evident across UK near curve gas prices yesterday, bolstered by Norwegian supply fears. However further dated contracts continued their recent downward trajectory. Norwegian operator Gassco announced maintenance yesterday at numerous gas fields, causing the remaining monthly contracts of the year to gain […]

Marked declines on the UK NBP market were sustained Marked declines on the UK NBP market were sustained for a second day yesterday as concerned speculators continued exiting positions. Contracts for delivery for the front month of October shed 65.62p to settle at 458.90p a therm, but the greatest retreat was for Summer and Winter […]

NBP futures slumped by around 24% on Tuesday NBP futures slumped by around 24% on Tuesday following the bank holiday in the UK.  Market speculators scrambled to exit positions taken at record high prices last week.  September recorded the steepest loss, settling at 449.87p, down 190.49p.  October will assume front month status on ICE from […]