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Clearly the improving supply position is weighing on the market The decline in the gas market has now continued for the third day in a row with prices opening weaker and then extending these losses of the course of the session.  At no stage did the market go into positive territory with losses of 8.00p […]

Prices moved in both directions The gas market was quite unsure of what direction to take over the course of the session on Monday as prices moved in both directions.  Early movement was lower as contracts followed on from the sell off from last Friday.  Contracts firmed in the middle part of the session be […]

There is no doubt that volatility remains a key issue for the market The front month February contract opened on Friday at 239.00p and firmed to 251.00p in the first hour of trading.  Prices eased thereafter but still held on to 15.00p to 10.00p of premium over the previous settlement.  The selloff happened in the […]

Natural gas futures continued to rise yesterday Natural gas futures continued to rise yesterday as no gas flows from Russia to Germany were recorded again.  Gazprom did book firm capacity via the Mallnow entry point for January but there have been no flows to the west since before Christmas.  While the mild weather has helped […]

Russian gas deliveries through the Mallnow entry point remained at zero Russian gas deliveries through the Mallnow entry point remained at zero on Wednesday and this was the main driver for gas futures across Europe.  A slight supply deficit supported the NBP prompt early on, but this was recovered as a robust LNG send out […]

Gas market opened for trading for the first time in 2022 with strong gains Following multiple sessions of significant losses over the Christmas and New Year periods the gas market opened for trading for the first time in 2022 with strong gains.  Gas contracts for February & March 2022 opened higher by some 35.00p and […]

UK gas market continued to soften on Thursday The UK gas market continued to soften on Thursday with near futures losses gradually diminishing from a maximum of over 100p on December 23 to an average of 22p yesterday.  Although the scale of daily losses has reduced, yesterday marked a fifth consecutive day of decline on […]

The UK gas market continued to soften on Thursday The UK gas market continued to soften on Thursday with near futures losses gradually diminishing from a maximum of over 100p on December 23 to an average of 22p yesterday.  Although the scale of daily losses has reduced, yesterday marked a fifth consecutive day of decline […]

 The sharp downward slide continued The Christmas sales started early on the UK gas market with combined losses of over 150.00p on Q1 22 contracts on the 23rd and 24th of December.  The sharp downward slide continued with market reopening yesterday with Q1 down by almost 33.00p.  An improving supply-demand situation has driven prices lower […]

Prices for Q1 22 shed over 100.00p Near futures gas prices recorded their biggest ever day-on-day movement at the NBP on Thursday.  Prices for Q1 22 shed over 100.00p against a backdrop of easing demand and some lowering of tensions on the Russia-Ukraine border.  While military build-up has been halted, commercial tensions have ramped up […]