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Upward momentum was evident across UK near curve gas prices Upward momentum was evident across UK near curve gas prices yesterday, bolstered by Norwegian supply fears. However further dated contracts continued their recent downward trajectory. Norwegian operator Gassco announced maintenance yesterday at numerous gas fields, causing the remaining monthly contracts of the year to gain […]

Marked declines on the UK NBP market were sustained Marked declines on the UK NBP market were sustained for a second day yesterday as concerned speculators continued exiting positions. Contracts for delivery for the front month of October shed 65.62p to settle at 458.90p a therm, but the greatest retreat was for Summer and Winter […]

NBP futures slumped by around 24% on Tuesday NBP futures slumped by around 24% on Tuesday following the bank holiday in the UK.  Market speculators scrambled to exit positions taken at record high prices last week.  September recorded the steepest loss, settling at 449.87p, down 190.49p.  October will assume front month status on ICE from […]

Dutch TTF and German THE markets tumbled yesterday The UK gas and power markets were closed for the bank holiday yesterday but energy markets across Europe were open for business and gas prices at the Dutch TTF and German THE markets tumbled yesterday.  Germany is well ahead of its target for storage gas supplies and […]

NBP futures settled higher again on Friday The overriding upward sentiment in the UK gas market continued during Friday’s session, as fears over Europe’s winter energy supply continued to spur unprecedented levels of risk premium into the gas market. The front month contract September made gains of 49.65 pence per therm to settle at 640.36p. […]

 Volatile swings were acute across the gas curve in the late afternoon UK gas forward products continued to price in an increasing amount of supply risk premium during yesterday’s session, as NBP gas contracts remained in uncharted territory. The front month contract, September smashed another record during the session, peaking at 620.48 pence per therm […]

UK gas market staged a significant recovery during trading yesterday The UK gas market staged a significant recovery during trading yesterday as prices firmed across the curve on report that the Freeport LNG terminal in Texas would not return to full production as previously planned.  Reports have emerged that the terminal which was subject to […]

Gas market was extremely slow to start trading yesterday Following the unprecedented gains in the previous session the gas market was extremely slow to start trading yesterday.  Precious few trades went through in the first part of the session as it appeared that participants were taking stock of the huge premiums in forward positions.  The […]

Gas prices across Europe surged on opening yesterday Gas prices across Europe surged on opening yesterday after the announcement that Nord Stream 1 is to close for three days from 31 August for maintenance according to Gazprom.  Russian gas supplies through the pipeline were already down at 20% of capacity and risk premium was well […]

NBP futures settled higher again on Friday There was no change in market sentiment on Friday and NBP futures settled higher again with outages on Norwegian feeds adding to supply concerns.  The front month settled almost 5.00p higher on Friday but after a bullish week in the market it was 65.00p up.  The winter contact […]