Prompt gas prices at the NBP gained an average of 1.87p Demand on the UK gas system increased on Wednesday as temperatures fell sharply but increased wind availability offset a possible further increase as gas-fired power demand reduced. Prompt gas prices at the NBP gained an average of 1.87p as an early supply surplus was […]
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The availability of Russian gas during the Summer is driving risk premium into contracts
Front and near-term contracts added 3.00p in premium as an issue emerged regarding gas flows through Ukraine The UK NBP gas market has a very benign opening on Tuesday with some near-term contracts posting minor gains in early trading. While there were some restrictions on the gas side due to maintenance issues in the North […]
Carbon prices returned to record high levels on Monday.
Prompt gas prices recovered some of Friday’s heavy losses The UK gas system was over-supplied with forecast deliveries running 23MCM long yesterday morning. A reduction in Langeled flows and LNG send-out from the Isle of Grain saw the system finely balanced at the close. With lower power demand and a slight pick-up in wind availability, […]
Brent crude down but carbon prices have set new highs
Prompt gas prices at the UK NBP fell by an average of 4.25p The UK gas system was oversupplied throughout the trading day with increasing Norwegian deliveries and robust LNG send-out maintaining a surplus averaging 10MCM on Friday. The supply outlook for the summer months was boosted across Western Europe by forecast increased LNG delivery […]
Crude oil markets remain on edge as cases of Covid 19 increase across the globe
The UK NBP market has now gained for multiple sessions in a row UK gas futures maintained their elevated position on Thursday and further risk premium was added to contracts during the session. The UK NBP market has now gained for multiple sessions in a row as pressure is maintained on contracts. For the most […]
Carbon prices continue to rise, gaining a further 75 cent this morning
Front month finished unchanged day-on-day; most other futures contracts recorded marginal gains. UK gas futures opened lower yesterday morning, suggesting a reversal of the recent rally which has seen prices climb for 5 consecutive days. The reversal was short-lived however and while the front month finished unchanged day-on-day, most other futures contracts recorded further marginal […]
Carbon prices closed at new record highs
NBP futures opened the session with modest losses Having opened long by up to 25MCM on Tuesday the UK gas system tightened over the day and was running slightly short by the end of the trading day. Demand increased to 238MCM over the session to cover for the poor showing of wind generation in the […]
The oil market is gaining support from the accelerating roll-out of vaccines in the U.S. and Europe
UK NBP recorded gains for a fourth consecutive day Gas prices at the UK NBP recorded gains for a fourth consecutive day on Monday with day ahead and near futures gaining over a penny day-on-day. Demand on the UK gas system fell to seasonal norms yesterday as temperatures increased slightly and solar power generation reached […]
OPEC have revised their demand estimates for 2021 upwards
UK gas prices turned higher again on Friday Despite a comfortably supplied system, UK gas prices turned higher again on Friday with futures contracts gaining for a third consecutive day. Lower demand and adequate supply saw the spot price ease slightly on the day. Another dip in temperatures kept forecast demand above normal for the […]
Concerns of tight supplies as maintenance of Norwegian feeds has commenced
Prompt prices at the NBP were buoyed by forecasts of below normal temperatures. Prompt prices at the NBP were buoyed by forecasts for temperatures to fall below normal for the remainder of April yesterday. While the day ahead product had yielded around 0.50p in early trading on expectations of lower demand on Friday, that contract […]
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