Gas Market A combination of factors saw NBP curve contracts edge up on Tuesday, while a series of maintenance issues held up the prompt. Trump’s announcement over the weekend of a delay to the potential 50% tariffs on the EU was price supportive. Meanwhile, recent Norwegian outages and unplanned outage extensions could put additional pressure […]
Kore Energy
Troll Outage Pressures UK Gas System as NBP Futures Edge Higher Post-Bank Holiday
Markets this morning The unplanned outage at the Troll gas field continues to dog Norwegian exports this morning, and the UK gas system is showing a 7mcm deficit. Demand is pitched at 125mcm for the day with strong renewables denting requirements for gas the power stack. NBP futures opened higher after the bank holiday with […]
Outage at Norway’s Troll gas field offsets NBP losses triggered by Trump’s proposed EU tariffs.
Gas Market British gas prices made modest gains ahead of the UK bank holiday weekend with the NBP front month June contract increasing 0.34p to 87.15p/therm up 3.31p/therm for the week. Gas prices initially fell over 2p during Friday’s session, with the front month reaching an intra-day low of 84.3p/therm, after Trump’s announcement recommending a […]
Gas Markets Steady on Balanced Fundamentals as Oil Extends Losses on OPEC+ Concerns
Gas Market British and European wholesale gas prices declined on Thursday morning, retreating from their highest levels in over six weeks reached on Wednesday. The drop followed a recovery in Norwegian supply after recent maintenance works as total Norwegian exports increased 85mcm/d following the end of a full shutdown at Troll and Kollsnes. The front-month […]
NBP Curve contracts reversed course just before the close as contracts settled lower day on day
Gas Market NBP curve prices traded strongly on Wednesday morning, buoyed by market sentiment that a peace deal between Ukraine and Russia appeared further away than at any point since Trump’s initial talks with Putin in February, alongside increased sanctions on Russia by the EU and UK. As a result, the NBP June contract reached […]
NBP near months gained over 5% on Tuesday as hopes of a peace deal between Russia and Ukraine faded.
Gas Market NBP near months gained over 5% on Tuesday as hopes of a peace deal between Russia and Ukraine faded. Despite a two-hour phone call between Trump and Putin late on Monday which ended with the U.S. President calling for an immediate and unconditional 30-day ceasefire and a start to truce talks, Ukraine has […]
UK Gas supply tightens due to Norwegian Supply Disruptions; Oil Steady Amid Geopolitical Uncertainty
Gas Market UK gas prices had a mixed session on Monday. The Day-ahead price rose by 4.30p to 84.00p/th, driven by increased gas-for-power demand due to low wind generation and significant scheduled maintenance at Norwegian gas fields. Along the forward curve, price movements were varied: the front-month June contract edged up by 0.45p to 84.29p/th, […]
NBP gas contracts were rangebound on Friday as markets kept a watchful eye on the talks which took place between Russia and Ukraine.
Gas Market NBP gas contracts were rangebound on Friday as markets kept a watchful eye on the talks which took place between Russia and Ukraine. Although the discussions did not result in a ceasefire agreement, a possible new round of talks were alluded to. The front month contract reached an intra-day low of 82.87p per […]
NBP gas market Steady While Oil Slips on Prospects of U.S.-Iran Deal
Gas Market UK gas prices closed slightly higher on Thursday, despite some intraday volatility. The front-month contract fell to an intra-day low of 82.34p/therm before recovering to settle up 0.75p at 84.48p/therm. Prices were supported by tighter market fundamentals, including reduced Norwegian flows due to unplanned outages at the Karsto facility, as well as geopolitical […]
The NBP near curve is trading sideways this morning as the market awaits further details on the peace talks between Russia and Ukraine
Gas Market NBP curve contracts opened above their previous close on Wednesday before retreating later in the session in what seemed to be a modest slide across the wider energy complex. Having opened at its high of the day at 85.50p per therm, the front month contract went on to shed 1.39p to close at […]
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