The prompt also settled higher yesterday The front month of the NBP curve relinquished the gains from the morning session on Monday, however, contracts from the winter out remained higher on the day. Russian gas supply concerns drove European gas prices higher yesterday and all near contracts on the NBP curve, apart from July and […]
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Uncertainty regarding flows via the Nord Stream1 pipeline
UK gas market extended losses for the second day in a row The UK gas market extended losses for the second day in a row as contracts gave up more of the premium that had been added earlier in the week. There was not one single factor which caused the selloff, but it was clear […]
Gas market continued to react to numerous supply risks
The UK gas market experienced another extraordinary day The UK gas market experienced another extraordinary day with prices surging higher for much of the session as huge amounts of premium built up in forward contracts. The market continued to react to numerous supply risks. Gazprom indicated that flows via Nord Stream 1 could fall to […]
Gas markets across Europe remain on edge
The UK NBP extended significant gains The UK NBP extended significant gains for third session out of the last four as new supply developments increased the risk for future gas supply. The market continues to digest the news that the Freeport LNG terminal will not return to full capacity for three months and the reduction […]
Near futures on the NBP curve surged higher later in the session
News emerged that Gazprom had cut capacity on the Nord Stream 1 Near futures on the NBP curved opened with gains of around 10.00p on Tuesday but prices surged higher later in the session as news emerged that Gazprom had cut capacity on the Nord Stream 1 pipeline by around 40% to 100MCM. The Russian […]
Unplanned Norwegian outage lifted NBP prompt contracts yesterday
NBP prompt contracts made modest gains on the back of an unplanned outage The UK gas system was under supplied throughout the session for Monday which supported prompt prices on the day. Unplanned outages at Norwegian facilities cut upstream supply by 54MCM yesterday. The undersupply coupled with the limited wind forecast for coming sessions helped […]
The NBP front month has opened with significant gains
Friday saw mixed movement on the NBP curve The UK gas market opened weaker following the large prices increases in the previous session when an explosion in a Texas LNG terminal caused the market to spike. There was precious little news as to the likely duration at the LNG facility which reports have suggested at […]
Explosion at US LNG terminal lifts NBP near curve
Strong upward pressure on gas contracts for summer delivery European markets opened markedly higher on reports of an explosion at one of the largest U.S. LNG plants. The terminal in Texas accounts for 20% of US LNG production and could be restricted for three weeks. The news resulted in significant upward pressure on UK NBP […]
The NBP near curve market has opened with significant gains
UK gas futures shed value for the fourth session in a row on Wednesday UK gas futures extended losses for the fourth session in a row with contracts for Summer delivering periods coming under significant pressure especially in the final hour of the session. Early weakness in the market was apparent as contracts opened down […]
Crude oil prices have continued to gain this morning
Prompt prices remained steady on Tuesday Prompt prices remained steady on Tuesday, despite lower Norwegian supplies on the day. Near curve contracts opened softer and extended losses through the session. Despite opening short, to a demand of 235 MCM the GB gas system balanced later in the day. Supplies through the Langeled feed increased to […]
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