The gas market opened relatively flat Following the strong gains during the previous session the gas market opened relatively flat with contract moving between modest gains and losses over the course of the morning session. The supply/demand balance on the day was quite positive with the UK gas system operating with a 14MCM surplus. This […]
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Crude oil markets rose sharply on Tuesday
Gas demand was over 10% above the seasonal norm Gas demand was over 10% above the seasonal norm of 280MCM on Tuesday as cooler temperatures and low wind generation added to the demand. The prompt market rose by an average of 12.00p per therm in response to the forecast for the cold snap to run […]
EU emissions prices holding at record high levels
Demand on the UK gas system rose As temperatures across the UK and Ireland fell below the seasonal norm on Monday, demand on the UK gas system rose to over 300MCM for the first time this winter. The system was initially well-supplied but rising demand created a supply deficit of 4MCM by close of business. […]
The UK gas market is continuing to decline this morning
A dip in temperatures is forecast to increase gas demand Fears for the impact of renewed lockdowns in many European countries, and consequent demand suppression, fed through to the UK NBP on Friday with near contracts for the remaining winter months shedding around 20.00p. With Austria, Belgium, Germany and the Netherlands all invoking various degrees […]
Near months have opened with sharp losses
NBP gas futures settled with minor gains NBP gas futures settled with minor gains after a volatile day of trading on Thursday while prompt prices reacted to a comfortable gas system and forecasts for cooler temperatures next week. Gas demand was 230MCM yesterday and supplies were running with a surplus through the afternoon which pressured […]
GB power futures continued to balloon
Prices fell back in late trading to close fractionally lower The 15% rise in winter gas prices on Tuesday, following the German decision to delay certification of the Nord Stream 2 pipeline, was added to in early trading on Wednesday. The December contract hit an intra-day high of 255.00p but prices fell back in late […]
The gas market remains on edge
UK gas prices opened firmer on Tuesday morning UK gas prices opened firmer on Tuesday morning as the market extended gains from the previous session. Some of this price movement was linked to the ramping up of European Union sanctions against Belarus and the possible response in terms of gas supplies via that country. Prices […]
Carbon prices surged higher in the aftermath of COP 26
Gas prices rose on Monday Gas prices rose on Monday as news emerged that Gazprom has booked no additional capacity on pipeline entry points to Western Europe for December. This suggests Gazprom’s storage facilities in Germany and Austria will remain depleted over the winter months and contracts for the winter months at the NBP gained […]
Carbon prices eased a little on Friday
Mild weather reduced gas demand Several unplanned outages on Norwegian facilities reduced gas supply to Germany, Belgium and the Netherlands on Friday and exports via UK interconnectors stepped up sharply. Wind generation levels of over 13GW and mild weather reduced gas demand on the day and Western European gas markets traded within tighter margins despite […]
Russian gas flows to Germany through Poland fell yesterday
The near curve rebounded yesterday After two days of declines the near curve rebounded yesterday following renewed concerns for winter gas supplies. Russian gas flows to Germany through Poland fell yesterday which raised concerns of a slower restock in European gas storage facilities. Later threats of cutting off gas supplies to Europe from the Belarus […]
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