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 […]
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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 […]
Carbon EUAs remain volatile
Weak demand and ample supplies continued to pressure gas prices Weak demand and ample supplies continued to pressure gas prices in Europe and the UK on Friday. On the NBP, prompt prices softened with the spot and day ahead closing 8.55p and 5.00p lower as both contracts settled below 120.00p. Forecasts for strong output from […]
UK gas prices open in negative territory today
Front month experienced the most significant downward pressure 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 […]
Prompt prices have reversed yesterday’s gains
NBP prompt edged 4.50p higher on average The GB gas system ran short on Wednesday and provided support to prompt prices on the day which also fed into near curve futures. The system was still looking shy at the close of trading and for the first time in over a week the early gains were […]
Carbon EUA’s and UKA’s all lost value on Tuesday
For the second successive session there was a sense of calm For the second successive session there was a sense of calm on the NBP wholesale gas market as prices on the curve hovered close to Monday’s close. March, the front month, was the only contract to make a gain session on session and even […]
Ample gas supply and mild weather has encouraged the recent downward trend.
UK gas market was relatively calm during yesterday’s session In contrast to the volatility that we have grown accustomed to, the UK gas market was relatively calm during yesterday’s session. The front month contract March opened at 131.30p per therm but by the end of the day, it had settled 5.57 pence lower at 128.94p. […]
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