Gas Market A highly volatile session for gas prices across the curve saw significant price swings. The NBP front-month contract hit intra-day lows of 88.71p and highs of 101.54p before settling at 97.70p/th, up 4.67p. This rebound in prices from multi-month lows was driven by reports on Friday morning of intensified Russian attacks on Ukrainian […]
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Gas prices broke through the 100p resistance level yesterday
Gas Market Gas prices broke through the 100p resistance level yesterday, as the NBP front-month April contract plummeted by 7.07p to 93.03p/therm, its lowest settlement price since September 2024. This selloff, which drove prices to new five-month lows, was triggered by reports that EU leaders were considering the resumption of Russian gas transit via […]
Volatility ensued across the NBP market on Wednesday, with prices ultimately finishing below their previous close
Gas Market A choppy morning session across the NBP on Wednesday ultimately resulted in losses during the afternoon. Ongoing hopes of peace in Ukraine continued to feed downside into prices, while bearish Asian spot LNG costs also weighed on the market. Asian spot LNG prices declined sharply yesterday on high Japanese stocks and falling Chinese […]
NBP near-curve forward contracts dropped by an average of 3.4% at the close on Tuesday
Gas Market NBP gas prices fell back into negative territory yesterday as above-average temperatures and strong wind generation contributed losses on the prompt. The Day-Ahead contract declined by 5.33p to 102.95p/therm. Meanwhile, gains from the previous session along the forward curve were erased following a White House announcement suspending military aid to Ukraine, which could […]
NBP futures opened in bullish form on Monday after Friday’s heated meeting between Presidents Trump and Zelenskyy
Gas Market Gas prices surged yesterday morning following a tense meeting between Trump and Zelenskyy on Friday. The meeting, initially expected to precede the signing of a minerals deal, instead cast further doubt on the likelihood of a ceasefire agreement. As a result, the front-month NBP April contract spiked to an intraday high of 112.50p/therm […]
Strong selling activity on Friday weighed on NBP curve contracts, with the new front month contract falling by 2.29p per therm day-on-day
Gas Market A volatile week ended on a choppy note on Friday with NBP curve contracts opening above their previous close only to fall back later in the session. With April taking over as the front month, the contract closed the week at 104.83p per therm, down by 2.29p day-on-day on strong selling activity during […]
Wholesale gas prices recovered yesterday with March increasing by 8.01p on its final day
Gas Market British and European wholesale gas prices rebounded on Thursday due to technical buying and strong demand. On its final day of trading, the front-month NBP contract rose by 8.01p to 106.79p/th, more than recovering the previous day’s losses. Prices had dipped below the 100.00p per therm mark for the first time this […]
An afternoon slump on Tuesday saw near curve contracts go from spending much of the session 2p below Monday’s close, to settle more than 6p lower day-on-day
Gas Market An afternoon slump on Tuesday saw near curve contracts go from spending much of the session 2p below Monday’s close, to settle more than 6p lower day-on-day. Despite the intraday volatility, the NBP continued to shed risk premium in the face of a potential end to the Russia-Ukraine war. A milder outlook for […]
Monday saw early losses reversed as the wholesale gas market settles flat
Gas Market UK gas prices showed mixed movements yesterday, with the front-month contract hitting an intra-day low of 107.07p/th before closing the session up 0.50p at 112.83 pence per therm. Further along the curve, the Summer 25 contract followed a similar path, eventually settling up 0.19p at 112.93p/th. Meanwhile, the NBP Day-ahead price retraced some […]
Another choppy session on the NBP on Friday resulted in losses across the prompt and near curve, although direction was more mixed further out
Gas Market Another choppy session on the NBP curve on Friday ultimately resulted in most contracts finishing below their previous close. March-25 settled at 112.33p per therm, a loss of 1.22p day-on-day and down just under 10p week-on-week. The near months continued to fall on expectations that the war between Russia and Ukraine could end […]
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