UK gas prices lost value for the fourth consecutive session UK gas prices lost value for the fourth consecutive session on Thursday, however the sentiment was rather muted when compared with the volatility experiences in recent times. The front month contract March settled at 131.53p down 3.08 pence per therm on the day while the […]
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Near futures on the NBP racked up a third day of losses
The prompt responded to forecasts for temperatures to increase The gas markets across Europe and the UK shrugged off the cooler temperatures yesterday and continued to decline. Near futures on the NBP racked up a third day of losses with contracts out to the summer shedding around 5.00p on average. The March contract settled at […]
Minor outage at a North Sea oil rig also added to the supply woes
Continuation of the relatively the mild winter continues to keep a lid on curve prices Despite the continued outage at the Norwegian Aasta Hansteen processing plant impacting on gas flows to the UK and Europe, prices continued their recent downward trend. The drop in supply from Norway was offset by strong LNG send-out and withdrawals […]
UK gas futures markets have opened marginally lower
Any rally in prices failed to materialise Following an uptick in UK gas prices on Monday, Tuesday saw prices reverse direction to make marginal losses. An unplanned outage at the Norwegian facility of Asta Hansteen removed 5.00MCM of capacity, however with British storage currently 78.00% full, any rally in prices failed to materialise. UK temperatures […]
NBP gas contracts end the week in positive territory
NBP gas markets push higher on Friday UK gas prices ended Friday’s session with marginal gains across the curve, as contracts for 2023 edging 3.01p/th higher on average. The modest shift higher was felt across Europe with gains in the UK market mirrored in the Dutch TTF gas hub. The front month contract March ended […]
NBP gas contracts retreated on Thursday
The largest declines were observed on the prompt Having made modest gains for two days, NBP gas contracts retreated on Thursday. Once more, overall movements were reasonably modest, with a focus on the near-curve. The US Federal Energy Regulatory Commission have approved the initial restart of operations at the Freeport LNG facility, the return of […]
Carbon markets have continued to rise
NBP gas markets extended the gains from the previous session on Wednesday NBP gas markets extended the gains from the previous session on Wednesday, with near term contracts rising by roughly 5.00%. An unplanned outage at the Norwegian facility of Kollsnes removed 13.00 MCM of supply with a total of 22.00 MCM of Norwegian capacity […]
Brent for April delivery is down slightly this morning.
NBP prompt prices settled higher Unplanned supply outages at Aasta Hansteen field and Kollsnes plant curbed Norwegian gas flows by up to 21MCM on Tuesday and provided support to the NBP prompt and near curve on the day. The reports were posted early on Norwegian gas operator’s website and futures traded higher from the get-go. […]
Carbon prices edged higher on the day
Near curve contracts on the NBP tried to push higher Near curve contracts on the NBP tried to push higher on Monday but failed to gain momentum after opening with modest increases and a late slide saw February and March settle marginally lower. The front months traded up to 8.00p above Friday’s close at stages […]
Recent uptick in the Brent crude market came to an end on Friday
UK gas market experienced a mixed session on Friday The UK gas market experienced a mixed session on Friday as prices across the curve opened lower, however near curve contracts struggled to hold onto the downward pressure and ultimately settled marginally higher. The NBP front month contract dipped to a low of 134.00 pence per […]
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