Kore Energy

Gas Market   The cold spell forecast to last for the next two weeks continued to underpin prompt prices yesterday while the near curve yielded most of the morning’s gains late in the session. Temperatures across Northern Europe are expected to move below seasonal norms while wind generation is also tipped to remain below recent […]

Gas Market Risk premium inflated NBP futures on Tuesday morning though strength faded beyond the front quarter and longer curve contracts settled relatively flat or slightly lower at the close. Gains were largely concentrated at the prompt and near curve as the market balanced rising geopolitical tensions in Iran against forecasts for cooler temperatures for […]

Gas Market Gas prices strengthened sharply on Monday as near-curve NBP contracts traded bullishly on tightening fundamentals. The front-month contract rose 5.40p, or 7.4%, to 78.55p/therm, while the day-ahead gained 6.15p to 79.65p/therm amid lower wind generation forecast over the next two weeks, pushing prices to multi-week highs. Support came from tighter storage levels, downward […]

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 […]