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Prices up again triggered by ongoing events in the Middle East

Gas prices resumed their upward trajectory at the NBP on Thursday, rising for a fourth consecutive session. The ongoing US–Iran conflict remains the primary source of...

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Prices rise again amid reports of attacks on commercial shipping in the Strait of Hormuz

Thursday marked a third consecutive day of gains at the NBP , fuelled by continued uncertainty over a potential resolution to the US–Iran conflict and reports of...

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Mixed market movement as US announces ceasefire has been extended

Gas prices edged higher on Tuesday as the US-Iran ceasefire deadline loomed without much evidence that a lasting peace agreement was going to be agreed. Overnight,...

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Prices react to reports Iran had again closed the Strait of Hormuz

The NBPs curve firmed on Monday after reports that Iran had again closed the Strait of Hormuz. On Sunday, US Central Command stated on X that it had seized an...

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Prices ease following brief reopening of the Strait of Hormuz

Gas prices eased at the NBP on Friday following a brief reopening of the Strait of Hormuz. Contracts across the curve moved lower, with the sharpest declines observed at...

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NBP price level reflecting nervousness around US-Iran ceasefire extension

A slight recovery in NBP prices was observed on Thursday, despite hopes that the US-Iran ceasefire can be extended via Pakistani mediation. The longer-term effects that...

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Prices resume downward trajectory as US-Iran ceasefire holds

The NBP resumed its downward trajectory on Wednesday, as the US–Iran ceasefire held and the blockade of Iranian ports continued with few reported breaches. While...

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A quieter stream of news reports from the Middle East eases markets

A relatively quiet stream of news reports from the Middle East allowed the NBP to resume its downward trajectory on Tuesday. Market attention remained focused on...

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Market firms up amid developments in the Middle East

The market firmed on Monday as developments in the US-Iran conflict supported risk premiums across global energy markets. Over the weekend, US President Trump...

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Prices ease amid a fragile US-Iran ceasefire.

Gas prices eased at the NBP on Friday amidst a fragile US-Iran ceasefire. The Winter 26 front-season contract closed out the week at around 110p/therm after posting...

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