Gas Market For the third consecutive session, UK gas prices declined on Thursday, the final day of trading before the Easter holidays. The market’s direction during the opening hours of trading was unclear due to the extremely thin liquidity. Nevertheless, as the day progressed, it became apparent that prices were continuing to retreat, following robust […]
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Gas prices declined for a second consecutive session yesterday
Gas Market UK gas prices initially opened higher on Wednesday, but then reversed to turn negative as the fundamental picture was evaluated. Demand weakness persists across Europe, while risk premium resulting from French strikes and weather concerns has eased and as a result the market appears to be correcting itself. The front month contract took […]
Carbon in contrast to the rest of energy markets is robust
Gas Market The NBP gas market increased over the previous three sessions, with the most recent surge on Monday seemingly influenced primarily by the movement on oil and increased activity due to the recent expiry of three key contracts, April the front month, Q2-23 and Summer-23. Yesterday saw the market take stock of the movements […]
Bullish gains in gas, carbon and the crude oil markets on Monday
Gas Market A surge in crude oil prices added to support for gas prices on Monday as the front month contract for Brent rose by over $5.00 a barrel. GB gas demand increased as wind fell below recent averages and exports through the BBL interconnector increased while the TTF prompt remains at a premium to […]
Crude oil markets awoke to a surprise announcement from OPEC
Gas Market Forecasts for a drop in wind generation for the week lifted NBP prompt products on Friday while near curve contracts also edged higher on the day. Generation from wind has averaged almost 10GW for the last week and latest forecasts for the week ahead are for wind to fall to around 5.5GW on […]
UK gas system has opened oversupplied during the last session of March
Gas Market UK gas futures saw marginal gains during Thursday’s session, with the Winter 23 contract bearing the brunt of the upward momentum. This was primarily due to an increase in risk premium as the European Union warned of a gas shortage for the upcoming winter. This warning was issued in light of a potential […]
Strong fundamental factors create a period of stability in the UK gas market
Gas Market Momentum in the UK gas market was flat yesterday, as NBP gas contracts are experiencing a period of stability, with no notable volatility in recent days due to the presence of strong fundamental factors. LNG supplies are plentiful, and the aggregated European storage levels is at 50% ahead of the summer injection period. […]
Carbon market received a boost as a result of the European Commission’s statement
Gas Market The NBP gas market opened in negative territory on Tuesday morning, with the opening and subsequent trades all exchanging hands below Monday’s close. The front month April, opened at 102.00 pence per therm before falling lower to 101.00p. The driving force behind the initial fall was increased wind powered electricity generation, and a […]
Crude oil prices received a boost on Monday
Gas Market The GB gas markets opened firmer on Monday with a forecasted cold spell boosting heating demand in the early morning, but gains were partially reversed over the session amid conflicting forecasts. Prompt prices were just a touch higher at the close, as the GB gas system gained some equilibrium having had an early […]
Rising concerns for Deutsche Bank sparked Carbon sell off
Gas Market NBP futures continue to trade rangebound after Friday’s declines reversed most of the gains from the previous session. The April contract ended the week at 100.71p, declining 5.83p on Friday while the summer contract which also expires on ICE this week settled at 104.83p, down 5.16p on the day or 3.69p over the […]
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