Uncategorised

Prices have been elevated and increasing for the last number of sessions The UK NBP market opening considerably lower on Thursday with gas prices trading between 2.00p and 3.00p lower than the previous night’s close.  Prices have been elevated and increasing for the last number of session and Thursday’s softer market was a welcome development […]

 Gas futures recorded average gains of over a penny Temperatures fell back below seasonal levels on Wednesday and with wind generation falling below 2GW, demand on the UK gas system rose to 195MCM.  Solid deliveries levels of 200MCM maintained a supply surplus throughout the trading day but the recent bullishness on the prompt gas market […]

 Rising carbon EUAs continued to buoy the energy markets While the futures market may have opened with losses of around a penny on the near curve yesterday, the market firmed over the day as demand concerns picked up, while rising carbon EUAs continued to buoy the energy markets. Forecasts have turned cooler for the next […]

 A big increase in wind generation ensured gas demand remained subdued The below average temperatures which prevailed throughout the past week climbed to more normal levels for the time of year and demand on the UK gas system eased as a result.  A big increase in wind generation ensured gas demand remained subdued and the […]

 Near futures gas prices relinquished some of the premium built up recently The below average temperatures which prevailed throughout most of April and early May finally climbed to more normal levels for the time of year and demand on the UK gas system eased on Friday as a result.  Even as wind generation fell to […]

 The supply demand balance is expected to stay tight due to unseasonably cold temperatures UK NBP gas prices remained elevated on Thursday and added further premium during the course of the day with prices for the coming winter recording gains of over a penny.  With unseasonably cold temperatures being forecast over most of Western Europe […]

 Gas supplies expected to remain tight across Europe for the remainder of May With gas supplies expected to remain tight across Europe for the remainder of May, gas prices on the NBP resumed an upward trend after taking a breather on Tuesday.  Norwegian maintenance is to step up for the back half of May while […]

 Overall demand on the system was only slightly above normal A significant supply deficit saw the UK gas system forecast 30MCM short yesterday morning.  Overall demand on the system was only slightly above normal thanks to very strong wind generation levels and despite below normal temperatures.  Spot and day ahead gas prices gained 4.00p and […]

There were further strong gains on NBP prompt and near futures contracts on Friday There were further strong gains on NBP prompt and near futures contracts on Friday as weather forecasts show temperatures remaining 3°C below the seasonal norm this week.  A forecast for a significant increase in wind generation did little to offset the […]

Concerns of tighter gas supplies across Europe in the summer continued to push up Europe futures prices   There were strong gains to NBP prompt and near futures yesterday after latest forecasts show temperatures will remain 2-3°C below the norm into the first week of May.  Wind generation is expected to drop to just 1.0GW […]