Kore Energy

Gas Market The NBP curve settled with a modest loss on Thursday as the front Winter contract declined by 0.23p per therm to reduce the gain for the last four days to just over a penny.  The sideways movement reflected the market’s fundamentals as demand eased during the day with increased power generated from wind.  […]

Gas Market NBP forward contracts continued to edge up for a second day in a row on Wednesday following the recent downturn. Elevated demand levels forecast for much of July, driven by hot-weather related cooling demand, created expectations that storage withdrawals could be needed over the period, which could in turn could drive up the […]

Gas Market NBP front-month gas broke its recent losing streak on Tuesday, rising by 2.10p to settle at 79.43p/therm. The contract had previously shed 23.09p from its multi-month high of 100.42p/therm on June 19, as fading Middle East risk premiums and a return to market fundamentals pressured prices. The rebound was supported by stronger gas-for-power […]

Gas Market NBP futures chalked up its seventh successive day of declines on Monday as market fundamentals weighed on prices while geopolitical tensions continued to dissipate. The front of the curve saw losses from the get-go on Monday albeit modest and Winter-25 contract found some resistance at the 90.00p per therm mark but finally broke […]

Gas Market NBP gas prices continued to decline on Friday, rounding off a week of heavy losses. The front-month July contract fell by 2.33p/th on its final trading day, settling at 76.81p/th, a level last seen in early May. Over the week, the July contract dropped 19.38p/th (or 20.30%) since Monday’s close, as the risk […]

Gas Market The truce between Israel and Iran held up on Thursday and appeared to have restored some stability to the energy markets. While risk remains, the NBP futures market switched focus back to low demand and increasing levels of gas in European storage.  The front months opened around 3.00p per therm lower and while […]

Gas Market NBP prices held on to Tuesday’s sharp losses yesterday, with contracts largely trading flat after several days of volatility. As the U.S. brokered ceasefire between Israel and Iran appeared to be holding and geopolitical risk remained stable, the market was more settled. As it nears expiry, the July 25 contract shed just 0.22p […]

Gas Market The NBP wholesale gas market opened sharply lower on Tuesday, following early morning reports that a ceasefire had been agreed between Israel and Iran. The front-month July contract opened at 85.50p/th and held onto those losses throughout the day. Similarly, the Winter-25 contract opened 10.07p lower than Monday’s close and settled at 96.23p/th, […]

Gas Market Geopolitical uncertainty continued to influence gas markets on Monday, as traders closely monitored Iran’s potential response to U.S. strikes and the risk of a blockade of the Strait of Hormuz. The NBP front-month contract spiked to an intra-day high of 99.45p/th amid heightened tensions but later eased, settling down 0.73p at 95.46p/th. The […]

Gas Market The NBP market eased somewhat on Friday after Thursday’s sharp gains. U.S President Donald Trump announced late on Thursday that he would take two weeks to make a decision as to whether or not the U.S. would directly join the conflict between Israel and Iran. The decision-making delay created a window of opportunity […]