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 The see saw nature of the UK NBP gas market continued The see saw nature of the UK NBP gas market continued during Tuesday session with prices opening weaker from the off.  Over the last five sessions gas contract have shed over 4.00p per therm in premium in two days only to be followed by […]

Prompt prices recorded less strident gains Tight supply fundamentals took the UK gas market higher again yesterday as only 2 LNG cargoes are due to berth at UK terminals for the remainder of this month and storage reserves remain seriously diminished.  The volatility which has become commonplace on the UK gas market of late was […]

 Prompt gas prices gained strongly The healthy supply-demand balance which prevailed early Friday turned negative by the close and is forecast to be much tighter on Monday as renewable power supply is forecast to fall to less than 3GW, prompting higher gas demand for power generation.  Prompt gas prices gained strongly as a result, within […]

 UK gas system was balanced by the afternoon A tight gas system continued to cause concerns for the NBP gas market on Thursday, but prompt prices fell on day as the UK gas system was balanced by the afternoon.  The spot and day ahead closed over 2.00p down as supplies from Norway increased to cover […]

Improved supply-demand balance helped prompt gas prices lower A significant increase in renewable power generation on Wednesday saw gas demand falling to 125MCM on average and supply running up to 10MCM long.  The improved supply-demand balance on the UK gas system helped prompt gas prices lower with day ahead and week ahead prices shedding 1.85p […]

 Gas contracts moved between gains and losses across the day The battle between the bears and bulls continued unabated during Tuesday’s market with gas contracts moving between gains and losses across the day.  Following the significant losses from the previous session gas prices opened weaker with the front month being priced down by a penny […]

The recent volatility on the UK gas market is likely to continue With the UK gas supply outlook not looking any better for the remaining summer months, the recent volatility on the UK gas market is likely to continue while carbon prices fluctuate as they have been of late.  The longer-term supply outlook is reflected […]

 The slump in UK gas prices midweek was almost completely reversed on Friday The slump in UK gas prices midweek was almost completely reversed on Friday to leave contracts 1.00p to 2.50p higher week-on-week.  The fundamentals of tight supply and low storage reserves across Western Europe became the main market drivers again.  Strong demand and […]

 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 […]