Gas Market NBP gas futures fell on Monday, extending last week’s bearish momentum as the system ran with a strong surplus. The British grid was oversupplied by 25.7 million cubic metres (mcm) per day, and the loose balance fed through to the curve: the front month dropped 37p to 80.78p/therm, while Summer-26 settled at 74.51p/therm, […]
Kore Energy
Crude oil prices opened higher this morning after the U.S. Senate agreed to advance a bill which could reopen the Federal government
Gas Market Market fundamentals remained unchanged on Friday and after opening slightly higher near NBP futures resumed their recent decline to leave contracts marginally higher week-on-week. The front month, December, ended the session with a loss just shy of a penny per therm while a little further along the curve, the Summer-26 product eased by […]
On Thursday, NBP curve contracts continued to unwind premium added on Monday and Tuesday, with near months shedding an average of 0.88p by the close
Gas Market On Thursday, NBP curve contracts continued to unwind premium added on Monday and Tuesday, with near months shedding an average of 0.88p by the close. Healthy European storage levels of 83.02% as well as mild weather conditions have brought early-winter supply confidence to the market, which fed into the downside. The front month […]
December, the front month of the NBP reversed most of the previous sessions gains on Wednesday
Gas Market The NBP curve softened on Wednesday after an improvement in the forecasts for early November. The mild temperatures should counter the higher demand for power generation as wind is to ease for the remainder of the week. However, forecasts have been revised, and wind is now expected to increase from the weekend which […]
Colder Weather and Low Wind Lift NBP Gas and BG Baseload Power as Oil Slips on Oversupply Concerns
Gas Market NBP gas futures extended gains on Tuesday as forecasts for lower wind generation lifted demand from gas-fired power plants, even as overall fundamentals remained relatively stable. The gas balance stayed loose, supported by steady LNG send-out and pipeline flows, with UK send-out nominated at 54mcm/d. Weaker wind output expected through the rest of […]
Energy Markets Firm amid Cooler Weather and Rising Carbon Prices
Gas Market GB power futures strengthened on Monday, supported by gains in NBP gas and carbon markets. The front-month Baseload contract climbed £1.70 to £82.20/MWh, while the day-ahead jumped 14% to £60.45/MWh amid lower wind generation forecasts. Sentiment across Europe was lifted by reports that Germany plans to subsidise wholesale electricity prices for industrial consumers, […]
NBP curve contracts ended the week in negative territory on Friday, with a strong LNG arrivals schedule and continued injections into storage weighing on prices.
Gas Market After a brief interlude trading above the previous close, the NBP near curve settled into negative territory for much of the day on Friday. The December 25 contract, now trading as the new front month, shed 0.62p day-on-day to close at 80.87p per therm. A strong LNG arrivals schedule for the coming weeks […]
NBP gas futures moved lower on Thursday, shedding value after two consecutive sessions of gains.
Gas Market Following two consecutive days of gains, the NBP wholesale gas market moved lower on Thursday. Losses were more pronounced on the near curve, while thin trading activity beyond Summer-26 resulted in only minor day-on-day movements. November, in its final day of trading, fell 2.79p/th to settle at 77.77p/th, marking the month 0.37p below […]
NBP curve contracts moved up for a second consecutive day on Wednesday despite market fundamentals remaining largely unchanged.
Gas Market NBP curve contracts moved up for the second consecutive day on Wednesday despite market fundamentals remaining largely unchanged. On its penultimate day trading as the front month contract, November 25 increased by 0.95p to settle at 80.56p per therm. Slightly further out, gains were more pronounced, with the Q1 26 contract closing up […]
NBP futures recovered some of Monday’s losses yesterday
Gas Market Cooler temperatures are forecast for northern Europe over the weekend and this combined with lower levels of wind generation provided some support to prompt and near months of the NBP yesterday. The Day ahead added 1.50p per therm while on the curve, November, front month reversed some of Monday’s losses by adding 0.85p. […]
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