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NBP future market opened weaker on Thursday NBP future market opened weaker on Thursday and continued to release premium throughout the session. An LNG supply glut pressured near curve contracts, leading to a 13.34p loss on the front month which settled at 168.74p per therm, its lowest price of the current week so far.  The […]

Spot prices slumped during the opening hours The UK gas curve market continued its upward movement on Wednesday morning; however, the uptick was small compared to the previous session. The remaining summer months gained 1.12p per therm on average while Winter-22 settled at 247.49p, up 1.19p per therm. Strong LNG supplies led to near curve […]

Prompt gas prices eased over the course of the day Prompt gas prices eased over the course of the day yesterday with both the spot and day ahead contract settling at 84.01p and 82.50p down by 6.04p and 7.55p, respectively. The premium between the gas prompt and futures market increased as for the second consecutive […]

UK gas prompt prices regained the majority of the premium lost over the last two-weeks UK gas prompt prices regained the majority of the premium lost over the last two-weeks during Monday’s session, as the day ahead hit an intraday high of 100.00p before closing at 90.05p per therm. An unplanned outage at Norway’s Kollsnes […]

Future gas prices eased on Friday Gas futures on the NBP eased on Friday as most of the previous session’s gains were reversed over the day.  The summer months opened with losses of up to 20.00p per therm and these contracts continued to shed premium through the session with the June contract settling 27.10p down […]

 Prompt prices settled mixed yesterday Russia’s decision to apply retaliatory sanctions on Gazprom’s former subsidiary, Gazprom Germania, among other international companies spooked the gas markets across Europe yesterday.  Near futures on the NBP curve opened up to 20.00p higher and gains were extended into the session.  The lead month, June, peaked at 196.85p, over 57.00p […]

Downward trajectory continued throughout the session The UK gas futures market opened softer on Wednesday, shedding late gains made in the previous session. The market appeared to reconsider the impact of Ukraine suspending the flow of Russian gas through one of its transit points. Downward trajectory continued throughout the session, with the front month eventually […]

UK gas prompt prices displayed significant weakness UK gas prompt prices displayed significant weakness during the market yesterday with spot and day ahead prices declining further to 20.00p and 38.05p, down by 23.30p and 2.00p, respectively. Lack of export capacity and a reduction gas demand has caused a huge amount of gas to become trapped […]

The gas market opened weaker once again Monday The gas market opened weaker once again Monday as war related premium continued to ease. The downward momentum was particularly evident in the June and July contracts lost 8.79p and 16.43p per therm, respectively. A selloff was also evident in Winter-22 which lost 14.21p, closing at 228.31p […]

UK gas contracts corrected significantly lower from market opening on Friday UK gas contracts corrected significantly lower from market opening on Friday, releasing premium gained recently. The NBP prompt market collapsed, with the day ahead settling at 45.05p/therm, a price not seen since June 2021. Positive market fundamentals were the key drivers for spot prices, […]