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 The energy markets opened higher The energy markets opened higher in response to reports that the Russian President ordered troops into the two breakaway regions in east Ukraine yesterday.  Near curve contracts opened with gains of up to 15.00p and these gains were extended into the session as the front month contract, March, peaked at […]

The near curve yielded the early losses and moved into positive territory Temperatures have been revised a few degrees lower for the back half of the week although wind generation is expected to remain strong for the week which should counter the extra demand and gas prices on the prompt settled mixed on Monday.  NBP […]

The gas market traded in negative territory for the day High winds across the UK and Ireland as a result of Storm Eunice provided both an update and downside for gas markets during Friday.  The windy conditions proved to be ideal for renewable generation and limited gas to power demand. The gas forecast for the […]

 Two-session losing streak for UK NBP gas prices was broken on Thursday The two-session losing streak for UK NBP gas prices was broken on Thursday as the market attempted to recover the recent loss of premium.  The front month contract opened higher by some 6.00p and peaked at 180.66p per therm at one stage, nearly […]

The NBP futures curve recorded a second consecutive day of losses on Wednesday The NBP futures curve recorded a second consecutive day of losses on Wednesday, but trading was choppy on the day.  Near months opened almost 15.00p lower but the early losses were pared back through the session.  By the close the March contract […]

Gas futures at the NBP opened with strong declines After a buildup in tensions between Russia and the West over the weekend, Tuesday brought some relief with news of a withdrawal of some Russian units from the Ukraine Boarder.  Gas futures at the NBP opened with strong declines with up to 15.00p off the near […]

The UK gas system was oversupplied on Monday The UK gas system was oversupplied on Monday despite a falloff in LNG send out over the course of the day.  Forecast demand for the day was just 270MCM and this included the export of 18MCM via the interconnector.  Just over 21% of gas demand was coming […]

Forecast gas demand on Friday was consistent with the previous day Forecast gas demand on Friday was consistent with the previous day as it came in at 305MCM.  The system was finely balanced at the outset and stayed that way for the duration of the market.  As has been the situation of late LNG send […]

The supply side has been boosted by record LNG deliveries this year Forecasts for high wind generation saw prompt prices ease on Thursday as gas demand for power generation requirements is expected to ease.  A cold spell could see temperatures drop below the norm however and may add to domestic demand in the short term.  […]

Prices moved lower later in the session After a slow start near futures struggled to find direction through the morning but prices moved lower later in the session with hints of higher Russian gas bookings for Europe.  The remaining months out to the summer fell by almost 8.00p on average through the afternoon with the […]