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The UK gas market reversed the gains of the previous sessions The UK gas market reversed the gains of the previous sessions falling considerably across the curve yesterday as the market gave up premium built in following the discovery of leaks on the Nord Stream pipelines. These facilities have not been delivering gas to Western […]

Winter 2022 came under similar pressure The UK gas market experienced significant pressure throughout the session on Wednesday as prices opened high and traded briskly. News that sabotage is the presumed cause of the leaks on the Nord Stream pipelines continues to concern markets despite the fact the facilities had zero flow rates prior to […]

 The sharp increase occurred in response to news a leak identified yesterday UK gas futures traded at approximately 10 pence to 30 pence per therm above the previous days close for the majority of the day yesterday, before a late afternoon surge drove day on day gains of as much as 85 pence per therm […]

 UK near curve contracts continued to release risk premium UK near curve contracts continued to release risk premium during yesterday’s session, however longer dated contract were boosted by a record decline in the pound sterling. October the front month contract sunk by over 65% month on month, settling at 240.78 pence per therm yesterday. Market […]

Trajectory of the UK gas market was very much in line with recent session The trajectory of the UK gas market was very much in line with recent session as prices moved between gains and losses over the course of the session on Friday.  Prices did not move too far either way as participants struggled […]

UK gas market was once again lacking any clear direction The UK gas market was once again lacking any clear direction as prices swung between gains and losses on multiple occasions over the course of the trading day.  The spread between the high and the low was less than in recent sessions being contained to […]

Prices on the UK NBP market surged higher UK energy market displayed extraordinary movement during the session on Wednesday following the announcement by the UK government that they were planning to implement a price cap on wholesale energy prices for industrial and commercial users. At a high level a cap of £75.00/MWh was to be […]

UK energy markets were twitchy after Monday’s bank holiday The UK energy markets were twitchy after Monday’s bank holiday and prices for NBP futures flipped between gains and losses for much of the early session.  The steep declines from Friday were retained for the most part although near contracts drifted higher later in the session […]

UK gas prices maintained their downward trajectory yesterday UK gas prices maintained their downward trajectory yesterday, despite low liquid on the market due to the UK Bank Holiday. For the third consecutive session the front month contract released risk premium and eventually settled at 282.41p per therm its lowest level since late March.  Winter 22 […]

October displayed the strongest sell off during the session Friday saw the UK gas market finish the week on a bearish note, as considerable risk premium fell out of NBP near curve contracts.  The front month contract October displayed the strongest sell off during the session, with the product eventually closing at 290.81p, down 95.74 […]