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 The see saw nature of the UK NBP market continued The see saw nature of the UK NBP market continued on Thursday as contract moved between losses and gains over the course of the day.  Market fundamentals were once again consistent with recent days as the system ran with a surplus of 5MCM on a […]

 The sell off and the UK NBP gas market continued apace yesterday The sell off and the UK NBP gas market continued apace yesterday although it was by no means plain sailing.  Initial early weakness was short lived as contracts staged a mini rally and near-term months posted gains in excess of 3.50p.  The rally […]

 Major sell off occurred in the middle of the session In another extraordinary day on the gas market, contracts came under price pressure from the offset before a major sell off occurred in the middle of the session.  Gas contracts had opened weaker following the strong gains from the previous session and the dam eventually […]

Ongoing concerns for gas supply extended to the front winter months The ongoing concerns for gas supply extended to the front winter months as storage levels in the UK and Western Europe are at multi-year lows.  Friday’s modest losses on the UK gas futures market proved exceptional as the seemingly relentless upward trend resumed with […]

Modest losses on the UK gas futures market on Friday Modest losses on the UK gas futures market on Friday, similar to last Monday’s, book-ended strong gains mid-week which saw contracts out to Q2 2022 record gains of around 10% week-on-week.  With restricted Norwegian deliveries on the day and no new LNG deliveries due until […]

 Gas trading condition remained the same on Thursday Gas trading condition remained the same on Thursday as they were for the previous two sessions with the NBP market opening with significant strength and prices gapping higher as a result.  The increase in gas prices is not limited to just the UK market as all the […]

 Gas market opened firmer at the outset Following Tuesday strong gains on the gas market, Wednesday’s market proved to be no different with strong gains once again being the order of the day.  Markets opened firmer at the outset and contracts extended gains throughout the session.  The August contract assumed front month status and promptly […]

 Prompt gas prices at the NBP surged The UK gas system was again comfortably supplied with demand just over 150MCM and supply outstripped demand by an average of 5MCM throughout the trading day.  In an unusual phenomenon, for this time of year, storage withdrawals ramped up to almost match injection on the day as storage […]

Prompt gas prices recorded more significant losses Following last week’s uninterrupted daily run of gains on the UK gas market, prices eased marginally on Monday as crude oil relinquished all of last week’s gains, shedding $1.50 a barrel on the day.  This was somewhat encouraging given that carbon prices recorded further gains on the day.  […]

 Prices increases on the UK NBP gas market have been posted on the last five consecutive sessions Prices increases on the UK NBP gas market have become relentless at this stage and gains have been posted on the last five consecutive sessions.  The fundamental drivers in the market remain the same with Asian LNG pricing […]