LONDON: Prompt natural gas prices in Britain slipped on Thursday, as mild weather saw a fall in demand for gas for heating, contributing to oversupply.
Prices for within-day delivery eased 0.38 pence to 53.00 pence per therm at 1018 GMT.
The gas system was around 24 million cubic metres (mcm) oversupplied, with flows forecast at 253 mcm/day and demand at 229 mcm, according to National Grid data.
Demand was down sharply from around 300 mcm earlier in the week and the seasonal norm of around 289 mcm.
"Due to the significant oversupply and the fact that consumption is still expected to be relatively low tomorrow, we expect the direction to be bearish," Thomson Reuters Point Carbon analysts said.
Meteorologists forecast above normal temperatures for this time of year, lasting at least for the coming week.
Day-ahead TTF gas was up 0.3 euros at 22.50 euros per megawatt hour.
In Europe's carbon market, benchmark EU Allowances (EUA) were up 0.03 euro at 7.10 euros per tonne.
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