Prompt prices settled lower on Friday It was the final day of trading for the February contract on ICE on Friday and while trading was volatile during the session near NBP futures settled with little change on the day. February expired at 219.42p which was down just 0.54p on Friday but over the week it […]
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Brent crude contract traded above $90.00 a barrel
Contracts at the front of the curve moved between gains and losses Trading on the UK NP gas market was somewhat a mirror image of the previous day’s session where contracts at the front of the curve moved between gains and losses and the seasons ticked up across the day. The tensions between the West […]
Gas market retains a keen eye on events on the Russia/Ukrainian border
Contracts at the front of the NBP gas curve remain uncertain Contracts at the front of the NBP gas curve remain uncertain as to what direction to take as prices yesterday swung between gains and losses over the course of the session. Both the February and March contracts opened 15.00p and 12.00p lower and while […]
An invasion by Russia could threaten crude oil supplies
Natural gas futures edged higher through the morning eroding the earlier losses Having opened softer on Tuesday, natural gas futures edged higher through the morning eroding the earlier losses. Near curve contracts settled marginally higher while contracts covering the summer and next winter months held gains of around 5.50p. The tensions between Russia and Ukraine […]
NBP curve gained after reports U.S. ordered diplomats to leave Ukraine
Rising tensions along the Russia-Ukraine boarder send gas prices higher The rising tensions along the Russia-Ukraine boarder send gas prices higher on Monday while a short gas system supported the spot and day ahead products. The remaining winter months on the NBP curve gained over 35.00p yesterday after early reports that the U.S. ordered diplomats […]
Ukraine and Russia tensions provide support to gas markets
The UK gas market experienced a volatile session on Friday The UK gas market experienced a volatile session on Friday as prices opened higher and held on to most of these gains to the close. At one stage the front two months were up by over 17.00p with Summer 2022 prices also trading up by […]
The EUA spot carbon contract increased
Wide bid/offer spreads were a feature on most contracts Forecast gas demand in the UK increased to 356MCM on Thursday as cooler weather and strong CCGT generation demand impacted. The system was struggling to cope early on a deficit of 8MCM was present for much of the day. LNG send out was initially 108MCM but […]
A further 12 vessels of LNG expected at British terminals
GB gas demand was well below Tuesday’s levels due Early losses to NBP natural gas futures were pared back a touch over the day on Wednesday but contracts out to next winter held on to losses of just over 6.00p. A further 12 vessels of LNG are expected to land at British terminals by the […]
Crude oil prices hit a seven-year high on Tuesday
Norwegian imports continued to be dogged by the issues The GB gas system operated with a deficit for most of Tuesday as demand of 342MCM was eventually met by increased storage gas send out along with robust LNG supplies of 125MCM on the day. Norwegian imports continued to be dogged by the issues as Langeled […]
Crude oil markets held their position at two year high
UK gas prices opened lower this morning UK gas prices opened lower this morning despite the arrival of colder weather across much of the region. The cold snap is expected to remain for the next number days and flexible gas supply will be key during this period. The outlook for continued strong deliveries of LNG […]
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