Kore Energy

Gas Market NBP prices gained back a portion of Thursday’s declines on Friday, but still ended the session lower week-on-week. Upside was driven by intensifying geopolitical tensions in Iran, raising the risk of potential disruptions to LNG supply chains. However, with 10 LNG cargoes currently scheduled to arrive into the UK over the next two […]

Gas Market An improvement to weather forecasts for next week, albeit temperatures are still expected to be just above seasonal norms, saw NBP futures return to declines on Thursday. Forecasts for increased wind generation also pressured prompt prices as the Day ahead returned a discount of over 3.00p per therm from the previous session. Wind […]

Gas Market Gas prices remained firmly weather-driven yesterday, with colder temperatures and below-normal wind generation forecasts supporting near-curve NBP contracts. The front-month Feb-26 contract gained 1.77p on the day to settle at 74.49p/therm. Lower temperatures across Europe lifted heating demand and drove higher storage withdrawals, with EU gas storage levels falling by 1.01 percentage points […]

Gas Market Following Monday’s sharp losses, gas prices rebounded during Tuesday’s trading session. The sell-off earlier in the week prompted renewed buying interest, particularly along the near curve, where the February contract settled at a premium of 1.88p/th to Monday’s close, assessed at 72.72p/th. Prices were further supported by a downward revision to UK temperature […]

Gas Market The NBP gas curve made strong losses on Monday despite rising geopolitical tensions over the weekend. With a forecasted increase in temperatures from the middle of the month expected to cap demand levels, the front month contract opened 1.26p lower than Friday’s close and continued to trend down as the session progressed. A […]

Gas Market British NBP wholesale gas prices rose on Friday morning as cooler-than-seasonal temperatures lifted gas demand for heating. The front-month Feb-26 contract settled 1.95p higher at 75.76p/therm, supported by forecasts indicating the cold spell across Britain and central Europe will persist for longer than previously expected, alongside downward revisions to generation. Gains were capped […]

Gas Market On Wednesday the NBP curve moved higher in the early morning, and those gains were retained through the session. The new front month for the NBP, February, settled 1.75p per therm up at 73.81p in response to the cooler temperatures forecast for the start of the year. Gains to contracts further along the […]

Gas Market Monday’s gains were largely retraced across the NBP curve yesterday, with the near months shedding an average of 1.84p per therm day-on-day. With contracts appearing to have been overbought during the previous session, Tuesday’s losses were seen as a correction. A revised temperature outlook for slightly warmer than forecast conditions during the first […]

Gas Market A downward revision to European temperature forecasts, particularly for the UK, drove a rally in gas prices across Monday’s session. The latest outlook points to temperatures well below seasonal norms over the next two weeks, prompting a short-term bullish response. Reflecting the near-term nature of this driver, gains were concentrated in the prompt […]

Gas Market Christmas Eve saw NBP curve prices edge marginally higher, if largely sideways, during the truncated trading session. Thin liquidity at the start of the holiday period allowed prices to firm slightly despite generally weak underlying fundamentals. The Q1-26 contract settled at 71.73p/th, up 0.88p/th on the day, while further along the curve the […]