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 At market close gas contracts out to Winter 2022 were down The UK NBP market continued to release war related premium during the session on Monday with other fundamental factors also weighing on the curve.  As we approach the summer season the market appears to be more confident that gas supplies will remain robust as […]

The early gains to the near curve were reversed later in the session Forecasts for mild weather along with robust supplies of LNG pressured prompt prices at the NBP on Friday while the early gains to the near curve were reversed later in the session. Temperatures in northern Europe are expected to rise up to […]

Some of Wednesday’s losses to near curve futures were clawed back yesterday Some of Wednesday’s losses to near curve futures were clawed back yesterday as the market is wary of progress in the ceasefire talks.  The front month settled almost 9.00p higher on Wednesday which was around the average gain for the summer month contracts […]

 Early gains were soon eroded The UK gas market made a valiant effort to push higher in early trading on Wednesday, but these early gains were soon eroded as more positive news emerged regarding the talks between Ukraine and Russia. Both sides were separately reporting that progress had been made and that the possibility of […]

There were signs that Russian gas nominations had been lowered Having opened with gains of up to 20.00p the near curve on the NBP continued to show volatility on Tuesday as contracts yielded gains through the session. There were signs that Russian gas nominations had been lowered via the Germany/ Polish border and the Ukraine/ […]

 The one-day bounce in the UK NBP gas market came to an abrupt ending The one-day bounce in the UK NBP gas market came to an abrupt ending during the session on Monday as gas contracts gave up the recently added premium and then went further lower. The gas market was weaker from the off […]

Following three sessions of huge losses the UK gas market paused for breath on Friday Following three sessions of huge losses the UK gas market paused for breath on Friday as contracts moved between gain and losses over the day.  This was not a surprising development given the scale of the recent losses.  The Summer […]

 Russian gas supplies into eastern European have been steady this week European energy prices continued to ease on Thursday and GB natural gas prices recorded it’s third day of declines in succession.  Near curve contracts settled between 47.20p and 76.69p lower yesterday but over the last three days, those contracts are down 224.50p on average.  […]

The move lower in prices continued through the day The front of the NBP gas futures curve responded to the announcement from Ursula von de Layen yesterday by opening over 100.00p lower.  The EU commissioner declared that Europe had enough LNG supplies to see out this winter and would not be as reliant on Russian […]

UK gas market made a concerted effort to keep prices going up The UK gas market made a concerted effort to keep prices going up and the first trades of the day came in higher than the previous settlement.  The push higher was not sustained with only the two front months seeing any significant level […]