Gas Market Near curve NBP gas contracts opened in negative territory and continued to fall in early trading. The market appeared to be reassessing the risks associated with escalation in the Middle East and weighed them against the strong market fundamentals that persist in Europe despite some niggles with production in Norway. However, not long […]
Kore Energy
Significant losses across global financial markets on Monday fed into weakness across the NBP curve
Gas Market After a relatively flat day of trading on Friday, the NBP exhibited more pronounced losses on Monday, with near months falling by an average of 2.41p per therm day on day. A significant sell-off and subsequent drop in global financial markets as well as weakness across the TTF fed into the decline on […]
Average gains of 2.84p per therm were recorded by the near curve on the NBP
Gas Market Geopolitical tensions continued to support gas markets on Thursday while rising LNG demand in Asia also added to the upside. NBP futures rose for the fifth day as contracts for the near curve posted average gains of 2.84p per therm or just over 3.0%. Concerns that the war in Gaza will spread in […]
Potential risk to gas supplies due to the escalation of geopolitical tensions in the Middle East elevated NBP prices on Wednesday
Gas Market NBP contracts opened firmer again on Wednesday morning, with the new front month September-24 trading a high of 87.24p per therm before retreating back slightly to close at 86.98p per therm, a day on day increase of just over 2.00p. Risk associated with the recent escalation of tensions in the Middle East […]
The August-24 contract expired at its highest assessed level since the end of June at 80.50p/th
Gas Market NBP gas prices increased in late trading yesterday as all contracts moved into positive territory having spent much of the session just below or at Monday’s close. The August contract expired at its highest level in a month at 80.50p/th as a multitude of events conspired to push prices higher. Tensions in the […]
Heightened tensions in the Middle East over the weekend fed into gains across the NBP Monday
Gas Market Contracts across the NBP posted further gains on Monday, with near months increasing by an average of 3.46p per therm on Friday’s close. Supply risk associated with the heightened tensions in the Middle East over the weekend were cited as the main driver, while increased cyclone risk in the Gulf of Mexico which […]
A reported outage at an Australian LNG facility lifted the NBP curve on Friday.
Gas Market Contracts across the NBP prompt and curve moved up on Friday, with the near curve averaging gains of over 2.00p per therm. On the prompt, increases were driven by a downward revision to wind generation levels as well as an unplanned outage at the Visund production facility, which is expected to continue until […]
NBP contracts out to the Winter-2024 settled an average of 1.50p lower yesterday
Gas Market Ample gas supplies and a ramp up at Freeport LNG in Texas after a lowering of nominations on Wednesday weighed on European gas prices on Thursday. The near curve for the NBP partially reversed the gains witnessed during Wednesday’s session as the front month fell by 1.62p per therm. Contracts out to the […]
Concerns over the Norwegian outage schedule for August as well as bullishness across the wider energy complex lifted NBP prices on Wednesday
Gas Market Wednesday’s gains across the NBP seemingly took the market by surprise, considering the recent resumption of production at Freeport and otherwise stable fundamentals. Strength across the wider energy complex as well as a lingering level of supply risk were the only bullish factors on the day providing support to longer-dated contracts. There are […]
NBP futures eased for a third session in a row yesterday
Gas Market NBP futures continued to weaken on Tuesday as nominations at the Freeport LNG plant increased. One liquefaction train commenced operations at the weekend, and it looks like the plant was intending to ramp up a second train with the increased nominations. The gas markets across Europe eased yesterday shrugging off the extended outage […]
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