Gas Market Gas prices fell further on Tuesday as the continued strong market fundamentals exerted pressure on NBP wholesale contracts. The front month October-24 contract fell for the second consecutive day, and losing 7.1% since Friday, settling yesterday evening at 89.37p/th. The losses were not only limited to the near curve as winter-24 briefly flirted […]
Kore Energy
Contracts across the NBP prompt and curve moved down on Monday, with losses continuing into this morning.
Gas Market Prices across the NBP’s prompt and curve shed value on Monday, with the biggest losses seen on the near months. The Spot shrugged off a short GB system and higher gas-for-power demand, instead seeking direction from the high storage levels from which withdrawals were making up for reduced pipeline supply from Norway. News […]
The front month for the NBP is down over 2.00p this morning
Gas Market A combination of low wind forecasts and planned maintenance works which are expected to curb Langeled gas flows to GB provided the support to prompt and near curve contracts on Friday. Langeled is the main gas line for Norwegian imports and scheduled maintenance could see gas flows fall close to zero for […]
A second day of losses for the NBP curve was witnessed on Thursday
Gas Market On its final day trading as front month on the ICE platform, September traded to a high of 93.79p per therm before expiring at 91.73p with a loss of just over a penny. The contract had traded down to a low of 90.85p as concerns of increased geopolitical tensions in the Middle East […]
A lower-than-expected draw in U.S. crude oil stocks pressured prices yesterday as Brent slipped by almost a dollar a barrel
Gas Market Geopolitical risk kept gas prices across Europe propped up on Wednesday while late volatile trading saw NBP futures ease before the close. The near curve settled an average of 0.60p lower after some wide swings in prices in the last hour or two of trading. Buying activity was centered on the September contract […]
NBP Gas prices increased in trading on Tuesday supported by global LNG supply issues
Gas Market Following the long weekend in the UK the NBP gas market opened strongly on Tuesday and continued higher throughout the day. The bullish tone was set early following the attacks by Russia on Ukrainian energy infrastructure over the weekend and the confirmation that a ceasefire agreement would not be reached in the Middle […]
NBP gas futures opened higher after the UK long weekend
Intra-day Report Yesterday, UK gas and power markets were closed due to a UK Bank Holiday. European carbon prices eased on Monday, driven down by low liquidity due to the Bank Holiday as well as easing concerns around transit supply via Ukraine to Europe. European gas markets however edged up on a possible escalation of […]
Contracts across the NBP prompt and curve moved up on Friday, partially retracing the previous session’s gains.
Gas Market NBP contracts edged up on Friday, retracing most of the previous session’s losses. Outside of the front month, which gained 1.11p per therm day-on-day, near months averaged increases of a modest 0.39p per therm. Traders appear to be tentative to any potential supply risk, such as the impending start to planned maintenance on […]
Crude oil prices settled higher on Thursday snapping a four-day losing streak
Gas Market It was another day where early gains to the NBP curve were reversed through the session while weak fundamentals weighed in the afternoon. Premium had been added over two weeks ago when Ukraine attacked the town of Sudzha in the Kursk region of Russia. This threatened the gas interconnector in the area which […]
An average fall of 2.50p per therm was recorded by near NBP futures
Gas Market On Wednesday we witnessed the near NBP curve edge higher by around a penny and a half before contracts tumbled into negative territory during the afternoon session. Significant losses were posted on Tuesday, and it was no surprise to see minor gains after market opening as traders took advantage of the dip […]
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