Prompt prices settled lower on the day Friday turned in another volatile day of trading for natural gas futures on the NBP curve. The uncertainty in the market showed early in the morning after prices eased back having opened over 10.00p stronger and the near curve continued to trade back and forth until late in […]
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Carbon EUAs surrendered most of the early losses
NBP futures settled close to the mid-point of the trading range yesterday NBP futures settled close to the mid-point of the trading range yesterday as the May and June contracts closed almost 11.00p higher at 188.87p and 213.13p respectively. While planned maintenance works has curbed Norwegian imports, news of an unplanned outage at Kollsnes supported […]
Volatility in the energy markets was evident once again yesterday
NBP near futures made wide swings in reaction to a surge in carbon EUAs on the day The volatility in the energy markets was evident once again on Wednesday as the NBP near futures made wide swings in reaction to a surge in carbon EUAs on the day. An element of last-minute compliance buying for […]
A fall in UK carbon prices pressured contracts further along the curve
Tuesday turned in a choppy day of trading Tuesday turned in a choppy day of trading for the near curve on the NBP after reports of reduced gas flows at the Velke Kapusany point, a delivery point for Russian gas to Slovakia, but futures settled lower for the most part. Contracts at the front of […]
The crude oil markets have opened lower
Prompt products on the NBP crashed on Thursday Prompt products on the NBP crashed on Thursday in response to expected low demand for the next week or two. Temperatures for the remainder of April are expected to be close to the norm or better while forecasts are now higher than expected for wind generation. Meanwhile […]
Crude oil markets surged further ahead during Wednesday’s session
The front two months gas contracts oscillated between gains and losses The front two months gas contracts oscillated between gains and losses over the course of the session on Wednesday. At market settlement both contracts were marked up by 1.94p & 1.25p respectively. A short-term outage in Norway gave the front of the curve some […]
Oil prices responded to several bullish factors
Gas prices trended lower over the course of the day UK NBP gas contracts made a valiant attempt to recover recently lost premium as prices firmed on opening. Early gains on contracts of 8.00p on contracts out to Winter 2022 were not sustained as prices trended lower over the course of the day. While all […]
The gas markets have opened firmer this morning
NBP futures contracts out to the winter continued to ease lower on Monday NBP futures contracts out to the winter continued to ease lower on Monday with the front month posting a loss of 15.53p to close at 213.01p, the lowest for the contract since before the Russian invasion of the Ukraine. Contracts past the […]
Brent settled higher on Friday snapping a run of three declines
Russian coal is to be banned and this offered support to energy prices With the latest round of sanctions getting approval from the EU this week, Russian coal is to be banned and this offered support to energy prices across Europe on Friday. NBP futures at the front of the curve traded higher in the […]
Gas market appears to be responding to a vote in the EU parliament
UK gas fundamentals remained broadly positive yesterday UK gas fundamentals remained broadly positive yesterday and the gas market was happy to release a modest amount of premium. Contracts opened weaker and extended losses over the course of the day. Trading was brisk at the front on the curve and for the most part bid/offer spreads […]
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