Gas Market Gas prices rebounded on Thursday as hopes of a ceasefire faded as Israel continued to attack Beirut and Southern Lebanon while reports that UN peacekeepers being fired on filtered through. Bullish carbon prices also added to the upside while oil prices made strong gains on the day too. The NBP front month, November, […]
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Hopes of the potential ceasefire talks between Hezbollah and Israel weighed on prices
Gas Market Tuesday’s weakness fed into gas prices on Wednesday as all curve contracts gradually declined throughout the session. The front month November contract opened in negative territory at 96.27p/th and gradually moved lower across the session before settling marginally higher than the low of the day at 95.58p. Gas prices fell as hopes of […]
Gas and oil prices fell yesterday on news of a potential ceasefire between Hezbollah and Israel.
Gas Market A modest level of risk premium was removed from the NBP curve on Tuesday on news of potential ceasefire talks between Hezbollah and Israel. Although uncertainty surrounding geopolitical risk remains rife, the front month contract posted a day-on-day loss of 3.72p to end the session at 97.14p per therm, while Q1 25 fell […]
NBP curve contracts fell on Monday, with the front month closing down by 1.74p per therm, but remained 3.59% higher week-on-week.
Gas Market On Monday, the NBP curve enjoyed some modest respite from the recent geopolitically fueled price increases, with near months averaging a day-on-day loss of 1.47p per therm. The front month fell by 1.74p to end the session at 100.86p per therm, but remained 3.59% higher than a week ago. The escalation of unrest […]
Near NBP futures settled an average of 3.95p per therm higher on Thursday
Gas Market Despite warmer weather, high storage levels, increasing Norwegian flows and higher wind generation, prices on the NBP forward curve continued to rise on Friday, driven by heightened geopolitical tensions in the Middle East. The NBP front-month November contract settled 2.32 pence at 102.60p/th up on Friday, marking an increase of 6.20 pence (6.43%) […]
Near NBP futures settled an average of 3.95p per therm higher on Thursday
Gas Market After a fairly calm morning in the gas markets, volatility returned in the afternoon as Israel stepped up airstrikes on Lebanon. Monday sees the first anniversary of the Hamas attacks on Israel and a year on the conflict has escalated and moved beyond Gaza with Israel launching attacks on Beirut and southern Lebanon. […]
An escalation of events in the Middle East led to a turbulent day on energy markets
Gas Market The NBP gas market was choppy on Wednesday against the backdrop of Iran firing 200 ballistic missiles at Israel, Israel vowing retaliation and regular Israeli infantry crossing into Lebanon across the day. Despite the clear escalation of the conflict in the Middle East that had seen risk premium feed into gas prices over […]
Crude oil prices have continued to firm this morning with Brent $1.82 a barrel higher
Gas Market NBP futures opened softer on Tuesday with the front month trading down to 92.56p per therm before reports that Iran had launched air strikes on Israel came filtering through. The market appeared to have shrugged off Israels ground invasion in Southern Lebanon as near months shed up to 5.00p. In the afternoon the […]
An undersupplied system, constrained by rising domestic demand and Norwegian maintenance, lifted the NBP Spot on Monday
Gas Market The NBP Spot market was driven up on Monday as the GB system was expected to finish the day undersupplied as colder temperatures lifted domestic demand levels. The Within day contract posted the biggest gain of the day, increasing by 3.45p to end the session at 93.50p per therm. The upside fed into […]
Uncertainty surrounding Ukraine’s ability to secure a new gas transit deal when the existing contract with Gazprom expires at the end of the year supporting the NBP curve on Friday
Gas Market The strong presence of renewables in the power stack as well as increased pipeline imports from Norway encouraged the Spot market into negative territory on Friday. The Within day contract ended the session at 90.05p per therm, down 0.10p day-on-day. Further along the prompt however, forecasts of cooler temperatures for the week ahead […]
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