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The gas market opened weaker once again Monday The gas market opened weaker once again Monday as war related premium continued to ease. The downward momentum was particularly evident in the June and July contracts lost 8.79p and 16.43p per therm, respectively. A selloff was also evident in Winter-22 which lost 14.21p, closing at 228.31p […]

UK gas contracts corrected significantly lower from market opening on Friday UK gas contracts corrected significantly lower from market opening on Friday, releasing premium gained recently. The NBP prompt market collapsed, with the day ahead settling at 45.05p/therm, a price not seen since June 2021. Positive market fundamentals were the key drivers for spot prices, […]

The UK NBP curve extended gains for the second session in a row with price The UK NBP curve extended gains for the second session in a row with price pressure evident from the outset. The June contract gained 7.80 pence per therm yesterday while the bellwether Winter-22 contract increased by 12.21 pence per therm […]

Upward momentum returned to the UK NBP gas market during Wednesday’s session Upward momentum returned to the UK NBP gas market during Wednesday’s session across all future periods. Winter-22 settled at 243.13p/therm up 11.75p from the previous settlement while the front month gained 3.03p/therm which was well off the traded high point of the day. […]

The front month June contract finished lower Near curve products opened the session in negative territory, with the new front month June contract opening over 9.00p per therm down before scraping back losses throughout the day. Other contracts had a similar journey as losses were pared throughout the day. Reports that the EU was on […]

All prompt products posted significant losses with weekend Following the selloff of the previous session gas markets open weaker in early trading on Friday morning. The June contract assumed front month status and was marked down by 6.00p on opening.  It was clear that the lower prices and long bank holiday weekend encouraged some bargain […]

Significant fall in gas futures on the NBP curve on Thursday There was a significant fall in gas futures on the NBP curve on Thursday as summer months declined by an average of 33.00p.  While the threat of Russia cutting more gas supplies remains, LNG shipments to Europe have increased this year and could possibly […]

GB gas futures market opened softer on Wednesday The GB gas futures market opened softer on Wednesday shrugging off the threat of Russia cutting supplies in Poland and Bulgaria as the front months traded lower by between 5.00p and 10.00p. However, concerns grew over the session and the market reversed tack and losses were pared […]

 Gas market was well set to extend losses for a third session in a row before a volatile half hour The UK gas market was well set to extend losses for a third session in a row before a volatile half hour at the end of the session saw contracts out to winter 2022 add […]

UK gas futures extended losses for the second session in a row UK gas futures extended losses for the second session in a row with contracts for Summer delivering periods coming under significant pressure especially in the final hour of the session.  Early weakness in the market was apparent as contracts opened down by between […]