Kore Energy

Another day of turmoil across financial and commodity markets ensued on Wednesday, with the NBP closing prior Trump’s announcement of a 90-pause on most reciprocal tariffs

Gas Market Another day of turmoil across financial and commodity markets ensued on Wednesday, with the NBP closing prior to the announcement from Donald Trump of a 90-day pause on reciprocal tariffs against non-retaliatory countries. Instead, following the commencement of the initial reciprocal tariffs, including an increase on China to 104% and China’s subsequent announcement […]

NBP Gas prices return to Fridays’ levels as global tariffs continue to dominate proceedings

Gas Market The NBP market remained largely rangebound throughout the trading session, as participants awaited further developments in the U.S.-initiated trade dispute. Monday’s rebound — prompted by an erroneous report suggesting a pause in tariff measures — proved short-lived, with near-curve prices returning to parity with Friday’s close. Since the announcement of President Trump’s tariffs, […]

The NBP market displayed significant volatility on Monday with the front month contract trading a range of over 12p over the session.

Gas Market The NBP market displayed significant volatility on Monday with the front month contract trading a range of over 12p over the session. Having opened the week below the near 7-month lows seen by the close on Friday, prices began to incline early in the afternoon on speculation that Donald Trump was planning a […]

Looming Trump tariffs weigh on Energy markets as NBP near curve contracts decline an average of 3.32p/therm

Gas Market European gas prices fell late in the session on Wednesday, as discussions continued around relaxing EU storage targets and the global demand outlook was rattled by U.S. President Trump’s Liberation Day announcement of reciprocal tariffs on a wide range of trading partners. The NBP front-month May contract settled down by 3.32p at 99.33p/therm, […]

Geopolitical events push NBP gas prices 4.69% higher

Gas Market  NBP gas prices opened in negative territory, but the decline was short-lived as prices rebounded in the early afternoon and continued to rise, with the front-month contract settling 5% higher at 102.65p/th. The upward momentum was driven by two separate reports originating from Moscow. The initial price surge followed Russia’s announcement of its […]

European gas storage levels finish the winter period at 33.72%, compared to 58.72% last year  

Gas Market European gas prices were mixed yesterday as the market awaited the outcome of the European Commission’s meeting regarding a proposed extension to gas storage filling targets, aimed at introducing greater flexibility. European storage levels closed the winter period with three consecutive days of net injections, bringing total storage to 33.72% full—significantly lower than […]

Near NBP natural gas futures ended the week an average of 0.46p lower on Friday

Gas Market NBP futures ended the week with a decline of around a half a penny on Friday as trading was subdued despite the expiry of three key contracts on the ICE platform.  The front month, quarter and seasonal contracts finished up an average of 0.44p lower on Friday and down 4.69p for the week […]

Ongoing geopolitical tensions and uncertainty around the looming summer maintenance schedule supported the NBP curve on Thursday

Gas Market   The NBP market edged up on Thursday, although the near months managed to stay below the 100p per therm mark for the most part. On its penultimate day of trading before it expires, the April-25 contract gained 0.35p to close the session at 99.35p per therm. Geopolitical tensions between Russia and Ukraine […]

Kore Energy Continues to Monitor Market developments

Market Development Manager John Drinan spoke with Minister for Climate, Environment and Energy Darragh O’Brien about the Irish energy market yesterday at the SEAI Energy Show.

NBP prices retreat after Russian agreement for 30-day reprieve for attacks on Ukrainian energy infrastructure

Gas Market UK gas prices were mostly negative again yesterday, as news of a U.S. brokered deal between Ukraine and Russia to pause attacks at sea and on energy targets initially provided bearish sentiment for the market. The front-month contract declined by 1.78p, settling at 99.00p/therm. However, further declines were limited after reports emerged just […]