UK gas prices below oil-linked supply for first time since Oct 2020

Wholesale natural gas prices on the British NBP virtual-trading hub have decisively broken below the value of long-term, oil-indexed supply contracts for the first time since October 2020, according to an analysis of S&P Global Commodity Insights pricing data, following weeks of firm support from this market indicator. With Europe’s energy crisis still latent in the market, a requirement to…