Gas Market NBP gas prices eased on Monday, with the October front month settling 1.62p lower at 78.54p/th and Winter-25 down 1.17p at 85.33p/th. EU storage levels reached 80% of capacity over the weekend, supported by strong injections since April that have reduced the storage deficit versus the three-year average from nearly 20 bcm in […]
Kore Energy
The NBP remained rangebound on Friday, with curve contracts retracing a portion of the previous days’ losses by the close.
Gas Market The NBP remained rangebound on Friday, with curve contracts retracing a portion of the previous days’ losses by the close. Market fundamentals remained largely unchanged, with European storage stocks standing at a healthy 79.87% while the supply picture is currently stable. The EU reaffirmed its intention to phase out Russian oil and gas […]
NBP Gas Prices Ease as Higher Storage and Strong Wind Offset Geopolitical Risk
Gas Market NBP gas prices eased on Thursday as risk premiums from Russia’s drone incursion into Poland faded and European storage levels continued to climb, reaching 79.87% full. The front month fell 1.87p to 79.22p/therm, while the Day-ahead dropped 2.54% to 78.6p/therm amid stronger wind generation. Norwegian flows remained steady despite ongoing maintenance, while UK […]
Trade was choppy across the NBP gas market on Wednesday, with many curve contracts fluctuating above and below their previous close.
Gas Market Trade was choppy across the NBP on Wednesday, with many curve contracts fluctuating above and below their previous settlements throughout the session. Ultimately, prices remained flat day-on-day as the market appeared unperturbed by heightened geopolitical tensions driven by Israel’s airstrike targeting Hamas leaders in Qatar as well as the large-scale drone attack by […]
Strong fundamentals weighed on gas contracts in early trading before Israel’s attack on Doha spurred curve prices higher
Gas Market For much of Tuesday’s session, the NBP market looked poised to reverse Monday’s gains, with early trading weighed down by strong fundamentals. The Winter-25 contract dipped to an intra-day low of 85.09p/th, pressured by robust European gas storage levels now at 79.63% full and muted demand amid above-average wind generation in GB. However, […]
Energy Markets Rally as Gas, Power, Carbon, and Oil Prices Strengthen on Supply Constraints and Geopolitical Risks
Gas Market NBP gas prices firmed on Monday, supported by forecasts for lower wind output and ongoing maintenance at Norwegian facilities. The front-month October contract rose 3.13p to 81.02p/therm, while the Day-Ahead gained 4.03p, or 5.3%. In wider developments, Hungary is preparing to sign its longest-ever Western gas supply deal, potentially signalling reduced reliance on […]
The absence of any significant price drivers was reflected in the near curve of the NBP on Friday
Gas Market The gas system recovered from an early deficit on Friday and with forecasts for wind expected to pick up, prompt prices for the NBP edged lower. A subdued opening to the futures market saw NBP futures remain within a half a penny of the previous close until midway through the session. The front […]
Brent settled lower for a second day on Thursday after the E.I.A. reported a surprise build in U.S. crude oil reserves
Gas Market On Thursday the gas markets continued the recent trend to switch tack during the session as early losses were reversed while near months ticked up through the afternoon. The October contract for the NBP traded between 77.30p per therm to the day’s high of 79.48p before settling just over a half a penny […]
The NBP continues to trade within its recent range, with contracts moving marginally higher on Wednesday
Gas Market The NBP gas market drifted sideways for a second consecutive session, reflecting a lack of clear direction. In contrast to Tuesday’s movements prices opened lower than the prior settlement but gained through the session. By the close, all curve contracts had posted only marginal gains, as traders balanced bearish fundamentals against technical signals […]
The NBP market oscillated near to Monday’s closing prices throughout Tuesday’s session with all curve contract’s settling sideways
Gas Market Tuesday’s session was best described as choppy, with prices opening strongly before an afternoon sell-off pushed contracts into negative territory, leaving the market relatively flat at the close. Winter-25 started firmly, with the opening trade 0.81p above Monday’s settlement before climbing to 87.12p/th, a day-on-day gain of 1.94p/th. However, persistent strong fundamentals soon […]
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