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The UK gas system remained short The UK gas system remained short for much of the truncated trading session on Friday but that didn’t prevent a significant decline in prompt and near curve futures on the NBP.  Prompt prices settled well down with the day ahead closing near 160.00p while the spot shed around 25.00p.  […]

UK gas prices continued to unravel on Thursday UK gas prices continued to unravel on Thursday, however losses were marginal compared to the previous session. The selloff seen in recent days was maintained across curve ahead of the Christmas break, with the front month contract January dipping to a low of 226.41p per therm before  […]

 The recent bearish run remained intact The recent bearish run remained intact during yesterday session, as UK gas future contracts continued to release heavy risk premium from the front. Wednesday’s losses marked the fourth session in a row where NBP contracts finished the session lower as we edge closer to the end of 2022. The […]

A blast on a gas pipeline in Russia A volatile session on the NBP futures market saw prices flip from early losses to briefly spike before resuming their downward trajectory closing below the previous day’s settlement yesterday. A blast on a gas pipeline in Russia threatened to disrupt some of the limited Russian supplies still […]

UK gas futures prices continued to retreat UK gas futures prices continued to retreat on Monday reflecting the market sentiment from the end of last week. Contracts for a January delivery shed 18.35p to finish the session at 270.07p a therm while the summer 2023 contract gave up 15.03p to settle at 267.89p a therm. […]

Temperatures for the week ahead are to rise above the seasonal norm Revised forecasts that showed temperatures for the week ahead are to rise above the seasonal norm saw prompt and near curve contracts retreat on Friday.  The January contract was almost 30.00p down by mid-morning and by the end of the session had yielded […]

Wednesday’s losses were partially recovered yesterday Wednesday’s losses to near NBP curve contracts were partially recovered yesterday as contracts responded to gains on the prompt and a short gas system.  The British gas operator has faced the first test of the winter this week and had to reduce exports to the continent on Thursday to […]

UK gas futures contracts retreated yesterday UK gas futures contracts retreated yesterday as prices softened across the curve. The front month of January experienced a decline of 16.43p to finish the day at 324.89p a therm, while further out the Summer 2023 contract shed 17.85p to settle at 317.67p a therm. The system remained undersupplied […]

 UK gas markets yesterday saw near term futures move marginally higher A mixed day on the UK gas markets yesterday saw near term futures move marginally higher after three consecutive days of losses, while further out, minor declines continued. Overall movements up or down were slight with contracts for the front month of January adding […]

NBP near curve contracts settle lower For the third consecutive session, NBP near curve contracts settle lower. However, losses were marginally in comparison to recent market trends, with the front month January settling 6.86p lower at 339.05 pence per therm. Contracts for 2023 delivery settled 4.07p lower on average despite yesterday’s joint press conference with […]