Gas Market UK gas prices continued their downward trend on Friday, with contracts across the curve settling lower for the second consecutive session. Despite the forecast of cold weather, it seemed to have no impact on the gas market as near term fundamentals remain strong. The front season, Summer 23 settled at 115.28p, a price […]
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Forecast for colder weather push gas prices higher.
Gas Market Gas prices for next week made some gains in Thursday’s session due to a revised forecast of colder temperatures. Average temperatures in the UK are expected to drop by 1.5 degrees boosting gas demand for heating, pushing prices for next week up by 1.10p per therm. Gas due for delivery today and this […]
NBP near curve contracts edge higher on the back of weather fundamentals
Gas Market Yesterday marked the end of the recent downward trend in UK gas prices, with prices edging up slightly during the first trading session of March. However, it was the contracts along the front of the curve that felt the biggest impact of this upward sentiment, with the front month gaining 3.15p and settling […]
Carbon and oil have reversed gains and are both trading lower
Gas Market UK gas prices settled slightly lower yesterday compared to the previous day. However, the overall calmness in the market persisted with prices showing little fluctuation. The new front month contract April climbed to 120.35p before falling back to settle at 115.54p, down 1.30p. An influx of LNG cargoes continues to add pressure to […]
Weakness on the oil markets fed into the curve contract on gas
UK NBP gas prices fell Monday due to revised temperature forecasts UK NBP gas prices fell Monday due to revised temperature forecasts for the rest of the week. Temperatures, although still below seasonal norms, are expected to be half a degree higher than was thought last week. The paper talk of a possible beast from […]
EUA carbon prices finished strong on Friday
UK gas prices increased slightly for the third consecutive session on Friday UK gas prices increased slightly for the third consecutive session on Friday, while the market as a whole remains stable following on from the one-year anniversary of the Russian invasion of Ukraine. The front month contract March has taken the brunt of the […]
European gas market is unrecognizable a year on from invasion
UK gas prices remained stable with little movement Yesterday, UK gas prices remained stable with little movement observed across the curve. The front-month contract for March was just short of a 1.00p increase, settling at 126.22p per therm. Meanwhile, Summer 23 settled 0.78p higher at 126.33p, a significant drop from its historical high of 726.26p […]
Strong US dollar influenced the oil market
NBP gas prices retreated slightly yesterday NBP gas prices retreated slightly yesterday, with the market remaining cautious. The front month experienced the most significant downward pressure, shedding the previous session’s gains and settling at 129.51p, in line with pre-war levels. The front seasonal contract Summer 23 lost 5.50p and ended the day at 132.60p, down […]
Carbon trades over €100/tonne for December 2023
From a pricing perspective yesterday say further declines. As we approach the anniversary of the Russian invasion of Ukraine, the EU’s next steps in terms of security of supply and ensuring there is sufficient gas in storage for the coming winter are taking shape. The EU’s joint purchasing natural gas platform, run by Prisma, is […]
Prices are back below where they were at the time of the invasion.
The NBP was fairly muted yesterday Friday brings the first anniversary of the start of the Russian Ukraine war and energy prices have gone through a hell of a rollercoaster ride over the last year. Wholesale gas prices had already started to climb well before President Putin ordered the invasion and during last summer the […]
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