Kore Energy

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 […]

Gas Market   After opening weaker, NBP futures recovered through the morning, and the front months oscillated between losses and gains as the curve wrestled to find a direction. Prices continued to move sideways through the afternoon as it appeared many traders may have headed off for their Christmas lunch before breaking up for the […]

Gas Market A healthy supply outlook persuaded NBP curve contracts to edge down on Monday following three consecutive days of gains. Following a brief spell of withdrawals during the first week of December, storage injections picked back up, with fullness levels currently sitting at a robust 66.89%. The LNG outlook is also ample, with five […]

Gas Market NBP gas prices finished higher on Friday, extending gains for a third consecutive session and ending the week firmer. The front-month Jan-26 contract rose 1.79p on the day to settle at 71.79p/therm, leaving it up 2.26% on the week. Geopolitics remained in focus on Friday after EU leaders agreed a €90bn loan package […]

Gas Market After a directionless start to the day near NBP curve contracts continued to flip between gains and losses for much of the morning before firming through the afternoon. Near months settled around 0.70p per therm higher after increased buying activity and forecasts for lower-than-average temperatures from next week. Futures contracts from the summer […]

Gas Market The NBP curve reversed much of the previous days’ losses on Wednesday, with the near months averaging gains of 1.57p per therm. Bullish weather fundamentals forecast for early January, as well as rising geopolitical tensions regarding the Trump ordered blockade of Venezuela, supported prices. The front month contract settled at 72.43p per therm, […]

Gas Market Geopolitical developments on Monday evening, with Ukraine describing the talks as “90% positive”, continued to weigh on prices through Tuesday’s session. The front-month contract fell to an intra-day low of 68.34p/th before settling slightly higher at 68.54p/th, as optimism around a potential peace deal persisted. Further pressure came from the prevailing view across […]