Following three sessions of huge losses the UK gas market paused for breath on Friday Following three sessions of huge losses the UK gas market paused for breath on Friday as contracts moved between gain and losses over the day. This was not a surprising development given the scale of the recent losses. The Summer […]
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European energy prices continued to ease on Thursday
Russian gas supplies into eastern European have been steady this week European energy prices continued to ease on Thursday and GB natural gas prices recorded it’s third day of declines in succession. Near curve contracts settled between 47.20p and 76.69p lower yesterday but over the last three days, those contracts are down 224.50p on average. […]
Crude oil prices recorded the largest one-day loss in almost two years
The move lower in prices continued through the day The front of the NBP gas futures curve responded to the announcement from Ursula von de Layen yesterday by opening over 100.00p lower. The EU commissioner declared that Europe had enough LNG supplies to see out this winter and would not be as reliant on Russian […]
Gas prices are easing across all markets
UK gas market made a concerted effort to keep prices going up The UK gas market made a concerted effort to keep prices going up and the first trades of the day came in higher than the previous settlement. The push higher was not sustained with only the two front months seeing any significant level […]
Brent crude rallied to its highest price since the all-time high in 2008
Gas markets across Europe experienced huge volatility on Monday Gas markets across Europe experienced huge volatility on Monday as the prospect of sanctions on Russia being extended into the energy segment caused consternation on the market. The front month April contract was a bell weather for the rest of the curve as it opened at […]
Russian invasion of Ukraine continues to elevate energy prices
The front month set a record high on Friday The front month set a record high on Friday, closing at 460.27p as the Russian invasion of Ukraine continues to elevate energy prices. The April contract for the NBP settled 76.22p higher on the day and exceeded the previous high for the front month by almost […]
The conflict between Russia and the Ukraine continues to drive volatility
NBP futures contracts traded in wide ranges The volatility in the gas markets that was seen earlier in the week was evident again on Thursday as NBP futures contracts traded in wide ranges through the session. The April contract peaked at 465.92p earlier on and later traded down to 329.99p. At the close, April settled […]
UK NBP gas market surpassed previous extraordinary highs
Prices soared across all major European hubs The UK NBP gas market continued to break records as pricing surpassed previous extraordinary highs with the forward curve and prompt markets settled between 90.00p and 105.00p higher. Prices soared across all major European hubs as the ongoing war in Ukraine caused consternation on energy markets. The front […]
UK gas market has opened with another surge in prices
Gas market is braced for disruption Energy markets across Europe have long since decoupled from fundamental drivers and are now entirely focused on the war that Russia is waging in Ukraine. Flows of gas from Russia to Western Europe have increased in recent days but gas market is braced for disruption and risk premium continues […]
Bounce in crude oil prices as sanctions on Russia were ratcheted up
The market had opened with sharp gains Near curve futures on the NBP settled an average of 13.50p higher on Monday as fears of supply disruptions grow as the conflict in Ukraine exacerbated. There was no evidence of lower flows yesterday as gas flows from Russia into Europe were on a par to Friday’s levels […]
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