Kore Energy

Friday was another volatile day on the NBP gas market, with prices opening strong in a continuation of Thursday’s upside.

Gas Market Friday was another volatile day on the NBP, with the market opening strong in a continuation of Thursday’s upside. The afternoon session saw much of the near curve edge back down below the previous settlement, only to increase again before the close. News of the final statements by Presidents of both Ukraine and […]

 Near NBP futures climbed rapidly over the afternoon yesterday with January eventually settling 5.83p higher at 107.33 per therm

Gas Market After trading sideways for most of the morning NBP futures rose sharply from around midday after the Russian President remarked that there would be no transit deal through Ukraine.  This was not news to the market, indeed the few countries taking Russian gas that transits through Ukraine have already put alternates in place. […]

The NBP retraced much of Tuesday’s gains on Wednesday during a choppy session.

Gas Market The NBP retraced much of Tuesday’s prompt and curve gains on Wednesday during a choppy session where the front month contract traded a range of just under 5.00p per therm. Having reached a session high of 105.48p per therm, January-25 went on to close the day at 101.50p per therm, down 2.79p day-on-day. […]

NBP Gas prices rebounded on Tuesday following three days of losses

Gas Market Gas prices rebounded on Tuesday afternoon after the front-month contract briefly dipped below 100 p/therm. The decline in near-curve contracts likely triggered buying activity as prices reached key thresholds. Adding further support, Norwegian operator Gassco reported an extension of an unplanned outage at the Nyhamna gas processing plant, reducing capacity by 30.9 mcm […]

The NBP curve edged down again on Monday, with most contracts across the curve finishing below their previous close for the fourth day in a row.

Gas Market NBP curve contracts continued to shed value for the fourth day in row on Monday. Having spent much of the session below the 100p per therm mark, the front month contract eventually settled at 100.39p per therm, down 2.61p day-on-day. Having shed 9.9% week-on-week, this was the lowest the January-25 contract has closed […]

January settled 3.18p down at 103.00p on Friday , which brought the decline for the week to almost 13.00p per therm

Gas Market After some oscillation in the early part of the session NBP futures resumed a downward trend leaving near months to close an average of 3.18p per therm lower.  Recent long range weather forecasts for a mild start to 2025 have eased concerns for gas storage levels in Europe.  This time last year storage […]

January, the front month for the NBP fell to a five-week low on Thursday

Gas Market   Wholesale natural gas prices tumbled lower on Thursday after the latest long range weather forecast shows a relatively mild first quarter for 2025.  The January contract for the NBP fell by over 4.00p per therm for the second time this week and settled at 106.18p, the lowest settlement for five weeks.  Further […]

NBP curve products retraced the previous days’ gains and more on Wednesday, with near months falling by an average of 2.2% day-on-day

Gas Market After initially posting gains in early morning trade, NBP curve prices began to fall back, with near months eventually settling 2.2% lower than their previous close. The front month contract declined by 2.69p day-on-day to settle at 110.22p per therm. The prompt market was similarly weak, with a milder weather outlook for much […]

After five days of losses the front month for the NBP, January, added 1.45p per therm yesterday

Gas Market   The January contract’s run of declines was halted after five days of losses as the market corrected yesterday following the sharp fall on Monday.  The front month for the NBP added 1.45p per therm having shed over 10.00p for the previous five sessions as earlier losses were reversed over the session on […]

Heightened geopolitical uncertainty in the Middle East over the weekend did little to stop the recent downward trend on the NBP curve on Monday.

Gas Market NBP curve prices shrugged off the geopolitical developments in Syria over the weekend to open Monday in negative territory. Losses gained pace as the day progressed with the near months averaging a day-on-day decline of 4.31p per therm. January-25 closed at its lowest level in 4 weeks, falling by 4.41p to end the […]