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Gas Market A rally in carbon EUAs mid-morning provided some upside to NBP futures yesterday while geopolitical risk also underpins the curve while the market awaits Israel’s response to the Iranian missile attacks.  The front month, November, settled at its highest point since the end of August yesterday, adding 1.79p per therm to close at […]

Gas Market An emergency halt to operations on the Norwegian Sleipner B platform gave support to NBP contract prices. It is anticipated that the outage at Sleipner B will be extended for a number of days although the loss of 7mcm/d is relatively small and will likely be substituted by supplies from other North Sea […]

Gas Market NBP prices opened in positive territory on Monday and continued to gain ground throughout the morning before starting to decline during the afternoon session. However, prices changed direction again before the close, with November-24 ending the day at a 2.16p per therm premium to the previous close. Ongoing gas shortages in Egypt were […]

Gas Market The NBP curve traded sideways on Friday, with contracts making modest losses by the close. MetDesk, who provide professional weather services for traders, revealed that they are expecting a warmer winter season for the UK, which fed downside into an otherwise fundamentally unchanged market. The front month contract fell by 0.61p to close […]

Gas Market  NBP futures recovered some of Wednesday’s losses yesterday as the markets failed to venture far from the mornings opening gambits. Near curve contracts edged around a penny higher from the get-go but couldn’t muster much momentum during the session and the front month settled a penny higher at 98.60p per therm. The remaining […]

Gas Market Tuesday’s downside continued into Wednesday, with most NBP near and far curve contracts shedding value on reduced geopolitical risk. The November-24 contract posted a loss of 1.20p to end the session at 97.60p per therm, having traded as high as 100.80p per therm earlier in the day. Prompt activity was more mixed however. […]

Gas Market Spurred on by positive murmurings emanating from Israel that they were inclined not to target Iranian oil and nuclear infrastructure some of the “war” premium that had fed into gas prices began to fall out across Tuesday’s session. The front month contract shed 4.20p/th in early trading before settling at 98.8p/th, a day-on-day […]

Gas Market Activity across the NBP curve was choppy during Monday’s morning session before the bulls took a firmer hold of direction. Having initially traded below the previous close, the November-24 contract posted a day-on-day gain of 1.49p to close at 100.86p per therm. Further out, gains were less pronounced, with weak crude oil prices […]

Gas Market In what was a choppy session, NBP near months finished the day below their previous close, averaging losses of 1.02p per therm, driven by weakness across the wider energy complex. The November-24 contract shed 1.05p to close at 99.37p per therm, while the December-24 contract posted the biggest loss on the curve, falling […]

Gas Market Gas prices rebounded on Thursday as hopes of a ceasefire faded as Israel continued to attack Beirut and Southern Lebanon while reports that UN peacekeepers being fired on filtered through.  Bullish carbon prices also added to the upside while oil prices made strong gains on the day too.  The NBP front month, November, […]