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Dutch TTF and German THE markets tumbled yesterday The UK gas and power markets were closed for the bank holiday yesterday but energy markets across Europe were open for business and gas prices at the Dutch TTF and German THE markets tumbled yesterday.  Germany is well ahead of its target for storage gas supplies and […]

NBP futures settled higher again on Friday The overriding upward sentiment in the UK gas market continued during Friday’s session, as fears over Europe’s winter energy supply continued to spur unprecedented levels of risk premium into the gas market. The front month contract September made gains of 49.65 pence per therm to settle at 640.36p. […]

 Volatile swings were acute across the gas curve in the late afternoon UK gas forward products continued to price in an increasing amount of supply risk premium during yesterday’s session, as NBP gas contracts remained in uncharted territory. The front month contract, September smashed another record during the session, peaking at 620.48 pence per therm […]

UK gas market staged a significant recovery during trading yesterday The UK gas market staged a significant recovery during trading yesterday as prices firmed across the curve on report that the Freeport LNG terminal in Texas would not return to full production as previously planned.  Reports have emerged that the terminal which was subject to […]

Gas market was extremely slow to start trading yesterday Following the unprecedented gains in the previous session the gas market was extremely slow to start trading yesterday.  Precious few trades went through in the first part of the session as it appeared that participants were taking stock of the huge premiums in forward positions.  The […]

Gas prices across Europe surged on opening yesterday Gas prices across Europe surged on opening yesterday after the announcement that Nord Stream 1 is to close for three days from 31 August for maintenance according to Gazprom.  Russian gas supplies through the pipeline were already down at 20% of capacity and risk premium was well […]

NBP futures settled higher again on Friday There was no change in market sentiment on Friday and NBP futures settled higher again with outages on Norwegian feeds adding to supply concerns.  The front month settled almost 5.00p higher on Friday but after a bullish week in the market it was 65.00p up.  The winter contact […]

Ongoing supply concerns pushed curve products to record highs UK gas prices opened higher during yesterday’s session and sustained the upward trajectory throughout the day, as ongoing supply concerns pushed curve products to record highs. Winter-22 gained 32.18p to settle at 591.75 pence per therm while Summer-23 ended the day at 520.86p, an increase of […]

 A volatile session saw the UK NBP market remain flat for the September A volatile session saw the UK NBP market remain flat for the September and Winter 2022 contracts while extending moderate gains elsewhere on the curve. UK demand for gas settled at 46 MCM yesterday, above the seasonal normal and boosting NBP prompt […]

UK gas futures closed higher for the second consecutive session UK gas futures closed higher for the second consecutive session on Tuesday, despite a late selloff. September the front month hit an intraday high of 508.00p before falling back to settle at 442.34 pence per therm, up 19.59p from the previous session. Contracts for the […]