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The near curve on the NBP settled lower on Monday The near curve on the NBP settled lower on Monday after the UK holidays last week while the prompt moved higher on lower Norwegian supplies.  The July contract settled at the lowest level since mid-January yesterday as the contract fell by 9.17p to close at […]

UK gas market reversed track during yesterday’s session Following three sessions in a row of gains the UK gas market reversed track during yesterday’s session.  The market opened weaker with prices below the previous settlement.  As trading activity increased a major sell-off began with significant pressure on the front of the curve.  The front month […]

NBP were pared back later in the session The early gains to near curve contracts on the NBP were pared back later in the session as the remaining summer months settled an average of 4.00p higher on Tuesday.  The July contract which took on front month status on ICE yesterday settled at 183.71p having traded […]

GB gas demand rose by around 20% on Monday GB gas demand rose by around 20% on Monday to 266MCM as wind generation dropped in on the day.  The system ran short later in the session providing support to the prompt which had already opened higher.  The spot price settled 6.90p higher while the day […]

Prompt contracts bounced back during Friday’s session Prompt contracts bounced back during Friday’s session on the back of planned maintenance at Norway’s Troll gas field which effected 19MCM. The day ahead contract gained 50.90p to close at 143.15 pence per therm while the weekend contract settled at 151.05p. Upward momentum filtered into the front month […]

UK gas market continued to soften on Thursday UK gas market continued to soften on Thursday with losses evident in both NBP prompt and curve contracts. The day ahead contract shed 2.95 pence during the session to settle at 90.05p despite demand remaining above seasonal norm at 209MCM. Yesterday’s downward trend in the prompt filtered […]

 Near gas futures settled an average of 11.40p higher Near gas futures settled an average of 11.40p higher on Wednesday as the market reacted to gains in Asian LNG prices.  With Shanghai coming out of lockdown demand for LNG is expected to increase and this has propped up LNG prices in Asia.  Near prompt prices […]

Natural gas futures opened stronger yesterday Natural gas futures opened stronger yesterday and gains were extended through the morning session before being pared back before the market closed.  The market had declined in the three sessions previously as June, the front month shed 46.95p over those three days.  At the close, June settled 1.64p higher […]

 Contracts at the front of the curve suffering the biggest losses The UK gas market extended losses for the third session in a row with contracts at the front of the curve suffering the biggest losses.  Summer delivering contracts took the main brunt of the downward pressure as prices from June to September declined by […]

 The falls on the gas futures market came about despite a recovery in prompt prices The UK NBP market took a significant turn lower during Friday’s session and the gains posted in the first two session of the week were totally reversed. The falls on the gas futures market came about despite a recovery in […]