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UK NBP gas market displayed quite an amount of volatility The UK NBP gas market displayed quite an amount of volatility on Monday following a week long streak of gains in the previous week. Prices were edging lower in the early part of the session but quickly gained a penny on some frantic trading in […]

Seasonal contracts beyond Winter 21 recorded only marginal gains  The UK gas market rose for a fourth straight session on Friday, making gains of almost a penny on near futures contracts to record week-on-week gains of 15%. Demand on the UK gas system fell lower again on the day as gas-fired generation was displaced with […]

 Modest losses were soon erased as prices ticked up across the board The upward trajectory on the UK NBP gas market continued on Thursday as contracts finished above the previous settlement.  At an early stage there was some prospect of some downward correction as the market was softer on opening.  These modest losses were soon […]

A comfortable supply margin early in the day was reversed The UK gas market recorded strong gains for a fourth session in the last five, leaving near futures contracts up by over 10% over the 5-day period. A comfortable supply margin early in the day was reversed as demand on the UK gas system increased […]

 NBP futures increased sharply on the day as carbon EUAs set new record highs An increase in wind generation through the afternoon saw GB gas demand fall back in line with the seasonal norm on Tuesday. The spot and day ahead which had edged up in earlier trading reversed those gains and settled around 0.75p […]

Early gains on the UK gas futures market were reversed over the course of the trading day As oil prices turned lower following a bullish start on Monday, early gains on the UK gas futures market were reversed over the course of the trading day. The front month shed 0.85p while the full Summer 21 […]

The positive supply balance on the day saw the spot price ease Weak wind availability ensured elevated demand for gas-fired power generation again on Friday. A rise in temperatures brought overall gas demand down from the high levels seen earlier in the week and the system was comfortably supplied on the day. Despite the well-supplied […]

 Prices edged higher from opening as demand climbed slightly higher The UK gas market was less inclined to ignore the relatively high demand for the second day in a row and prices edged higher from opening as demand climbed slightly higher on colder weather and a dearth of wind generation.  Demand on the conventional gas […]

 The rise in demand was mainly down to a further decline in wind generation The UK gas system ran between 5 and 10 MCM short yesterday as demand rose to 345MCM, or 50MCM above the seasonal norm. Below normal temperatures drove heating demand higher but the rise in demand was mainly down to a further […]

A short gas system provided support to prompt prices on the NBP A short gas system provided support to prompt prices on the NBP on Tuesday as the spot and day ahead contracts settled 2.10p and 1.25p higher respectively. Gas demand was up at 333MCM on account of extra gas fired generators being required to […]