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Gas Market The NBP gas market opened in negative territory on Thursday with all traded contracts exchanging hands below Wednesday’s close. October, the front month contract, traded as low as 88.10p/th as the market awaited news that Israel would conform with the proposal, led by the US, for a 21-day ceasefire with Hezbollah. The market […]

Gas Market An escalation in the conflict in the Middle East coupled with supply niggles supported natural gas prices across Europe on Wednesday. Hezbollah missiles targeting Tel Aviv were intercepted yesterday while Israel continued airstrikes on Southern Lebanon appearing to make way for a ground offensive.  On the supply side, the unplanned outages at Sleipner, […]

Gas Market October fell by almost 2.00p per therm on Tuesday after adding almost 8.00p over the previous two sessions. The recent volatility due to fears of a widening of the conflict in the Middle East continues to underpin the market but the near curve reacted to strong gas supplies yesterday as Norwegian gas flows […]

Gas Market  Following aerial attacks by Israel on targets in Lebanon the risk premium associated with an escalation of the conflict in the Middle East pushed NBP gas prices higher in Monday’s session. There are fears that an escalation could lead to attacks in multiple regions and impact gas supplies, most notably LNG cargos. Prices […]

Gas Market NBP prices rebounded on Friday after Thursday’s heavy losses, with near months averaging a gain of 3.08p per therm day-on-day. October-24 made the biggest day-on-day move, posting a 3.39p increase to end the week at 82.50p per therm. The Spot and prompt were supported by lower supplies into the UK via the Langeled […]

Gas Market Gas prices began the day in positive territory with markets supported by the exploding handheld communication devices in Lebanon as Israel continued its mission to allow residents return to its northern territories. Front month prices peaked at 88.04p/th before prices collapsed shortly after lunch. Unconfirmed news hit the market that Ukraine had reached […]

Gas Market NBP prices changed direction once again on Wednesday with contracts across the prompt and curve shedding modest value. Falling demand and improving supplies outstripped the impact of the return of pipeline exports to Belgium via the Interconnector with the GB system operating in a long position throughout the day. Both Within day and […]

Gas Market Monday’s losses were mostly retraced on Tuesday with near months posting an average gain of 3.70p per therm. The front month traded a wide range of just under 5p, hitting an intra-day high of 85.54p per therm shortly before the close, before ticking back down to settle at 85.21p per therm. An escalation […]

Gas Market The return of Norwegian gas flows into the UK via the Langeled pipeline on Monday weighed on the NBP prompt. This boost in supply ensured the GB system ended the session long, with the Within day contract falling by 3.60p to close at 81.40p per therm. Meanwhile, Day ahead shed 4.20p per therm […]

Gas Market Proceedings on the NBP gas market were best described as choppy on Friday as the front month ebbed and flowed across the session. The October contract opened above Thursday’s settlement and continued higher up until midday, trading up to 86.88p/th. However, prices were soon in decline and heading back towards Thursday’s settlement price […]