UK NBP gas futures settled significantly lower on Thursday UK NBP gas futures settled significantly lower on Thursday with nearly 3.00p of premium coming out of contracts. This downward movement, while welcome, did not come about easily as a mid-day rally saw some contracts move into positive territory. The market on Thursday displayed significant volatility […]
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Carbon prices continued to edge higher with EUA’s gaining
Futures gas contracts at the NBP relinquished early gains Futures gas contracts at the NBP relinquished early gains to finish only marginally higher day-on-day but prompt gas contracts settled 2.50p higher on average. Earlier movement on the UK gas market suggested another day of strong gains but as an early supply deficit on the UK […]
GB power futures tracked gas prices at the NBP higher
Recent UK gas market volatility returned as prices turned sharply higher Following 2 days of relative calm, recent UK gas market volatility returned as prices turned sharply higher on Tuesday with nothing in the supply/demand situation on the day which would explain the surge in prompt prices. The system did fall short in the afternoon […]
The oil market took another step higher on Monday
Gas prices relinquish most of Friday’s gains The comfortable UK gas system supply-demand balance on Monday saw prompt gas prices relinquish most of Friday’s gains while the pattern of futures price movement was also reversed. Langeled flows picked up mid-morning and the system moved to surplus causing prompt gas prices to trade down with spot […]
Carbon prices rose to settle above £50.00 per tonne
The market response saw prompt prices recording substantial gains on Friday An unplanned outage on the Norwegian system saw deliveries via the Langeled line fall off on Friday morning. The UK gas system was forecast 30MCM short in the morning, but the outage proved temporary deliveries recovered later in the day and the system finished […]
Crude oil moved lower again, despite weakening of the dollar
UK gas market turned higher on Thursday The UK gas market turned higher on Thursday, reclaiming some of the premium shed over the previous 3 days. Early trading on the UK gas market suggested that the rewinding of recent premium had ceased and that prices might stabilise somewhat but the upturn on the gas futures […]
Carbon prices tumbled for a second consecutive day
UK gas prices declined sharply for a third consecutive session The market adjustment to the prolonged pattern of gains on the UK gas market intensified as prices declined sharply for a third consecutive session on Wednesday. The premium built up in recent weeks had become unsustainable in light of falling demand accompanied by the slide […]
Carbon market losses most significant that we have seen in the recent past
UK NBP gave significant premium on Tuesday Following the recent significant bull run on gas markets the UK NBP gave significant premium on Tuesday, the second day in a row that markets had gone lower. the losses during yesterday’s market were significant and grew as the day progressed and the sell off intensified. Losses on […]
West Texas settling at its highest in 2 years
Prompt gas prices eased significantly Demand on the UK gas system was some 30MCM above the seasonal norm yesterday as temperatures remained below normal and wind generation was subdued. A big increase in storage injection rates, following weeks of withdrawals, also added to the overall demand but an early system deficit was recovered as LNG […]
Latest surge in carbon prices pushed power prices higher
UK gas prices recorded strong gains on both prompt and futures contracts on Friday UK gas prices recorded strong gains on both prompt and futures contracts on Friday with the prompt gaining additional support as the gas system experienced a supply deficit for most of the afternoon. Carbon was again the main driver of gas […]
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