Kore Energy

Gas Market NBP futures opened sharply on Monday with a hangover from the weekend’s coverage of the UK’s storage position fuelling the market.  Storage levels for the UK have not risen above 66% of capacity (approx. 10TWh) since the summer so Centrica’s concerns when storage is around 50% may be seen as an attempt at […]

Gas Market NBP curve contracts initially opened Friday’s session in negative territory, with prices moving down throughout the morning. However, direction changed in the afternoon on reports of new U.S. sanctions against Russian oil and LNG. Further upside was gleaned from an announcement from Centrica which pointed to “worryingly low” levels of gas in storage. […]

Gas Market Premium continued to be eroded from the front of the NBP curve on Thursday, but the losses were more modest than those witnessed during the previous session.  Having declined by over 4.00p on Wednesday, the front month, February, eased by just over a penny to settle at 112.93p per therm bringing the decline […]

Gas Market The NBP retraced the previous sessions’ gains and more on Wednesday, with the near months averaging losses of 4.19p per therm. Having reached an intra-day high of 119.00p per therm early in the session, the front month contract went on to close at 114.03p per therm, a touch above its low of the […]

Gas Market The NBP moved sideways in a volatile session on Tuesday. Throughout much of the day, gas prices were lower compared to Monday’s close, with the February contract dipping to 114.72p/th, marking a decline of 3.19p. Similarly, the Summer-25 contract hit an intra-day low of 111.41p/th. However, the market regained momentum in the afternoon […]

Gas Market The NBP’s confidence in its ability to meet demand in the face of below normal temperatures and the loss of Russian gas via Ukraine was building yesterday as both prompt and curve prices took a tumble. An oversupplied system and a healthy renewable presence in the power stack weighed on the Spot market, […]

Gas Market Friday’s trading session began with prices relatively flat compared to Thursday’s close with contracts trading marginally lower. Throughout the day, both the front month and the new front quarter hovered just under half a penny down, reflecting a subdued day in the NBP gas market. The market found support from the ongoing cold […]

Gas Market The upward trend experienced on the NBP at the end of 2024 continued into the New Year on Thursday. Even though the cessation of Russian gas supplies to Europe via Ukraine from January 1st was widely known for the past year, the event continued to support prices, with the front month contract posting […]

 Gas Market A forecasted decline in temperatures for the coming days supported NBP prompt contracts on Tuesday, with the Day ahead contract increasing by 4.48p day-on-day to close at 121.95p per therm. The influence of the expected drop in temperatures filtered into the near curve, while the increasing likelihood of no Russian flows via Ukraine […]

Gas Market NBP futures were little moved after a subdued day in the gas markets on Monday.  Focus turned to short term weather forecasts as premium due to of the end of the gas transit agreement has already been priced in for the most part.  The front months opened softer and dipped by around a […]