NBP near futures made wide swings in reaction to a surge in carbon EUAs on the day The volatility in the energy markets was evident once again on Wednesday as the NBP near futures made wide swings in reaction to a surge in carbon EUAs on the day. An element of last-minute compliance buying for […]
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A fall in UK carbon prices pressured contracts further along the curve
Tuesday turned in a choppy day of trading Tuesday turned in a choppy day of trading for the near curve on the NBP after reports of reduced gas flows at the Velke Kapusany point, a delivery point for Russian gas to Slovakia, but futures settled lower for the most part. Contracts at the front of […]
The crude oil markets have opened lower
Prompt products on the NBP crashed on Thursday Prompt products on the NBP crashed on Thursday in response to expected low demand for the next week or two. Temperatures for the remainder of April are expected to be close to the norm or better while forecasts are now higher than expected for wind generation. Meanwhile […]
Crude oil markets surged further ahead during Wednesday’s session
The front two months gas contracts oscillated between gains and losses The front two months gas contracts oscillated between gains and losses over the course of the session on Wednesday. At market settlement both contracts were marked up by 1.94p & 1.25p respectively. A short-term outage in Norway gave the front of the curve some […]
Oil prices responded to several bullish factors
Gas prices trended lower over the course of the day UK NBP gas contracts made a valiant attempt to recover recently lost premium as prices firmed on opening. Early gains on contracts of 8.00p on contracts out to Winter 2022 were not sustained as prices trended lower over the course of the day. While all […]
The gas markets have opened firmer this morning
NBP futures contracts out to the winter continued to ease lower on Monday NBP futures contracts out to the winter continued to ease lower on Monday with the front month posting a loss of 15.53p to close at 213.01p, the lowest for the contract since before the Russian invasion of the Ukraine. Contracts past the […]
Brent settled higher on Friday snapping a run of three declines
Russian coal is to be banned and this offered support to energy prices With the latest round of sanctions getting approval from the EU this week, Russian coal is to be banned and this offered support to energy prices across Europe on Friday. NBP futures at the front of the curve traded higher in the […]
Gas market appears to be responding to a vote in the EU parliament
UK gas fundamentals remained broadly positive yesterday UK gas fundamentals remained broadly positive yesterday and the gas market was happy to release a modest amount of premium. Contracts opened weaker and extended losses over the course of the day. Trading was brisk at the front on the curve and for the most part bid/offer spreads […]
The gas market quickly recovered lost premium yesterday
Gas prices oscillated between gains and losses The opening trade for the May contract of 213.30p, down by 29.00p, proved it be a false dawn as the market quickly recovered the lost premium. The front month May contract briefly peaked at 252.50p but this increase was short lived, and the market traded in a narrow […]
Crude oil markets early gains on Tuesday were reversed in a volatile session
Near curve contracts on the NBP settled lower for a third straight day Near curve contracts on the NBP settled lower for a third straight day on Tuesday while futures from the winter out closed a touch higher. The May contract eased by 1.82p yesterday bringing the decline for the last three days to 57.08p. […]
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