Contracts at the front of the curve suffering the biggest losses The UK gas market extended losses for the third session in a row with contracts at the front of the curve suffering the biggest losses. Summer delivering contracts took the main brunt of the downward pressure as prices from June to September declined by […]
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The UK NBP market took a significant turn lower during Friday’s session
The falls on the gas futures market came about despite a recovery in prompt prices The UK NBP market took a significant turn lower during Friday’s session and the gains posted in the first two session of the week were totally reversed. The falls on the gas futures market came about despite a recovery in […]
A weakened US dollar helped lift the oil market
NBP future market opened weaker on Thursday NBP future market opened weaker on Thursday and continued to release premium throughout the session. An LNG supply glut pressured near curve contracts, leading to a 13.34p loss on the front month which settled at 168.74p per therm, its lowest price of the current week so far. The […]
EUA futures have continued from yesterday’s decline
Spot prices slumped during the opening hours The UK gas curve market continued its upward movement on Wednesday morning; however, the uptick was small compared to the previous session. The remaining summer months gained 1.12p per therm on average while Winter-22 settled at 247.49p, up 1.19p per therm. Strong LNG supplies led to near curve […]
EUA carbon contracts posted strong gains
Prompt gas prices eased over the course of the day Prompt gas prices eased over the course of the day yesterday with both the spot and day ahead contract settling at 84.01p and 82.50p down by 6.04p and 7.55p, respectively. The premium between the gas prompt and futures market increased as for the second consecutive […]
Chinese demand concerns continued to drive the oil market
UK gas prompt prices regained the majority of the premium lost over the last two-weeks UK gas prompt prices regained the majority of the premium lost over the last two-weeks during Monday’s session, as the day ahead hit an intraday high of 100.00p before closing at 90.05p per therm. An unplanned outage at Norway’s Kollsnes […]
NBP near curve is gaining momentum this morning
Future gas prices eased on Friday Gas futures on the NBP eased on Friday as most of the previous session’s gains were reversed over the day. The summer months opened with losses of up to 20.00p per therm and these contracts continued to shed premium through the session with the June contract settling 27.10p down […]
NBP curve opened higher, and gains were extended into the session
Prompt prices settled mixed yesterday Russia’s decision to apply retaliatory sanctions on Gazprom’s former subsidiary, Gazprom Germania, among other international companies spooked the gas markets across Europe yesterday. Near futures on the NBP curve opened up to 20.00p higher and gains were extended into the session. The lead month, June, peaked at 196.85p, over 57.00p […]
Power Prices moved higher with support coming from the EUA carbon market
Downward trajectory continued throughout the session The UK gas futures market opened softer on Wednesday, shedding late gains made in the previous session. The market appeared to reconsider the impact of Ukraine suspending the flow of Russian gas through one of its transit points. Downward trajectory continued throughout the session, with the front month eventually […]
The strength of US dollar continued to put downward pressure on Brent prices
UK gas prompt prices displayed significant weakness UK gas prompt prices displayed significant weakness during the market yesterday with spot and day ahead prices declining further to 20.00p and 38.05p, down by 23.30p and 2.00p, respectively. Lack of export capacity and a reduction gas demand has caused a huge amount of gas to become trapped […]
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