Gas Market The energy markets continued unwind premium following reports of possible peace talks between Russia and Ukraine yesterday. NBP futures fell sharply from the off on Thursday morning and losses were extended through the session as March was 10.74p per therm down at the close, the largest one-day loss for the front month since […]
Kore Energy
NBP near curve contracts shed an average of 5.12p on Wednesday as demand concerns loosened and the weather outlook appeared less volatile.
Gas Market NBP near curve contracts shed an average of 5.12p on Wednesday as demand concerns loosened and the weather outlook appeared less volatile. With above average temperatures and wind levels forecast for next week, the significant availability of LNG sendout and Norwegian flows, despite ongoing supply restraints, is expected to reduce reliance […]
The NBP front-month contract saw significant intra-day volatility, peaking at 144.63p/th before settling at 140.57p/th
Gas Market The day-on-day movement on the NBP curve concealed the underlying volatility of the session. The front-month contract opened lower but gained momentum throughout the morning, reaching an intra-day high of 144.63p/th—up 3.38p/th from Monday’s settlement. However, in the late afternoon, prices reversed course, ultimately settling at 140.57p/th, marking a daily decline of 0.68p. […]
Wholesale gas prices across Europe posted strong gains on Monday
Gas Market Dwindling gas reserves combined with cooler forecasts and an extended outage paved the way for strong gains to NBP futures on Monday. An unplanned outage at the Barrow treatment plant is likely to curb gas flows until Friday, however, the impact is just 6mcm. European gas in storage dropped below the 50.0% mark […]
NBP curve contracts experienced a third straight day of gains on Friday, with ongoing supply concerns and prompt volatility feeding into the upside
Gas Market A bullish weather outlook for the coming days supported the NBP prompt on Friday. Wind forecasts are expected to be between 10-20% below normal levels from the start of the week, while temperatures are also forecast on the cooler side, both increasing heating demand levels. An extension to maintenance at the St. Fergus […]
The front month for Brent fell below the 50-day average to $74.29 a barrel
Gas Market Lower wind generation levels coupled with cooler temperatures continued to place a draw on gas reserves across Europe yesterday and pushed gas prices higher. It was a volatile session on the NBP curve with front months peaking over 5.00p above the previous close before easing back through the afternoon session. The March contract […]
Gas markets across Europe recovered most of the previous session’s losses amid forecasts for cooler weather and concerns around storage reserves
Gas Market Gas markets across Europe recovered most of the previous session’s losses amid forecasts for cooler weather and uncertainty around storage reserves. Europe’s gas in storage was just below 52% of capacity yesterday compared to 68% at this time last year. Meanwhile there was some uncertainty around U.S. LNG exports after China vowed to […]
Firm weather fundamentals and ongoing supply niggles stirred upside across the NBP prompt on Monday
Gas Market Firm weather fundamentals and an unplanned outage at the Teeside Cats terminal stirred short-term upside on the NBP on Monday. Although the Spot market managed to edge down modestly, prompt contracts all posted gains. Despite temperatures being currently mild, a colder than normal outlook from mid-week in parallel with a drop in wind […]
Early gains of almost 4.00p for the front months were partially reversed through the afternoon
Gas Market Unplanned outages at key Norwegian fields continued to support prompt prices early on Thursday while increased buying activity added support to the front of the curve. February expired on the ICE platform yesterday and the contract traded up by almost 4.00p per therm on higher volumes before falling back in the afternoon. The […]
Further scrutiny of British storage levels and heightened tensions between Russia and Ukraine fed into upside on the NBP curve on Wednesday
Gas Market A combination of supply concerns and heightened geopolitical tensions conspired to drive up NBP prices on Wednesday. An extension to an unplanned outage at the Norwegian Asgard gas field supported the prompt, while ongoing outages at Troll and Gullfaks exacerbated supply concerns. This, coupled with higher gas-for-power demand and cooler temperatures for the […]
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