Latest News


Market jumps up amid conflicting interpretations to the US-Iran negotiations

The bears were unable to steer market movement for a third consecutive day on Thursday, with the Winter 26 front-season contract rebounding 5.6p/therm (0.19p/kWh) in an...

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Prices react to hopes of Strait of Hormuz re-opening

The NBP softened further on Wednesday amid tentative hopes for a deal between Oman and Iran that could reopen a safe route for shipping via the Strait of Hormuz. With...

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Reports of fresh peace talks helps reduce pressure at the NBP

A late afternoon sell-off on Tuesday erased some of the gains stacked up over the previous seven sessions at the NBP. According to data from ICE, the Winter 26...

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Fresh US economic sanctions against Iran continues to drive up prices

The NBP continued its upward momentum on Monday, climbing for a seventh consecutive session following the announcement of fresh US sanctions against Iran. Dubbed...

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Prices up for a sixth successive day as geopolitical pressure builds

The bull run reached its sixth day at the NBP on Friday, with Winter 26 climbing to 164p/therm (5.6p/kWh). The move looked driven mainly by geopolitics rather than...

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Concerns over winter gas storage levels pushes prices up for a fifth consecutive day

A fifth consecutive day of gains at the NBP on Thursday that was much more significant than the day before. Winter 26 managed to break above another psychological...

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US-Iran tensions keep prices at a very high level

A relatively flat session at the NBP yesterday, with the Winter 26 front-season contract closing a negligible 0.045p/therm above its previous settlement. Intraday...

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Prices increase further amid ongoing supply disruption caused by conflict in the Middle East

NBP curve contracts pushed higher for a third consecutive day, with Winter 26 reaching the highest settlement price of any front-season contract since 4th April 2023...

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Market continues upward trajectory amid mounting geopolitical tensions

The market continued its upward trajectory on Monday, guided higher by mounting geopolitical tensions in the Middle East. The movement followed reports that Donald Trump...

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Prices edge higher as Memorandum of Understanding expiry date looms

The Winter 26 front-season edged higher on Friday, with the prices going up by 10.7% as US-Iran diplomacy stalls and the heatwave ramps up supply concerns. The 60-day...

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