Kore Energy

Wednesday’s modest gains were partially retraced on Thursday as the NBP prompt and near curve fell back into negative territory

Gas Market Wednesday’s modest gains were partially retraced on Thursday as the NBP prompt and near curve fell back into negative territory. The front month contract shed 0.68p day-on-day to finish the session at 77.25p per therm, while the Winter 25 contract posted a 0.41p loss to settle at 87.60p per therm. The prompt market […]

NBP gas prices halt run of losses with minor rebound while oil prices fall amid OPEC production increases

Gas Market Wednesday sessions saw volatility in the gas market as the new front-month NBP June contract traded within a range of 3.86p, reaching an intraday high of 79.6p/therm before settling up 0.82p at 77.93p/therm. This minor rebound halted a run of losses that has brought the June contract down below 78p for the first […]

The NBP gas market continued its downward trend on Tuesday

Gas Market  The May 2025 gas contract expired yesterday at 76.67 pence per therm—its lowest settlement in over a year. Since February, a series of geopolitical and economic developments have significantly weakened the gas market. The contract had peaked at 138.51p/th on February 11 but has since lost 45% over 77 days. A major factor […]

NBP futures settled marginally lower on Monday after more uncertainty saw prices oscillate between losses and gains

Gas Market There was more uncertainty in the markets on Monday as NBP futures oscillates between losses and gains for much of the session.  Reports that the Russian President announced a ceasefire weighed on prices briefly, but the details left the market underwhelmed. Putin is ordering a three-day ceasefire from 08-May, and this was met […]

The NBP extended Thursday’s losses on Friday after late declines resulted in a 2.70p per therm fall across the near months

Gas Market The NBP extended Thursday’s losses on Friday after late declines resulted in a 2.70p per therm fall across the near months. Rapidly increasing temperatures from the weekend weighed on the Spot and prompt market, with the Within day and Day ahead contracts both dropping by 4.40p per therm day-on-day. The prompt’s weakness fed […]

After spending much of Wednesday morning trading above the previous close, NBP curve contracts edged back down later in the session to finish mostly flat day-on-day.

Gas Market After spending much of Wednesday morning trading above the previous close, NBP curve contracts edged back down later in the session to finish mostly flat day-on-day. Reports that the White House are considering cutting tariffs on Chinese imports as well as the impact of the possible withdrawal of the U.S. from peace negotiations […]

Escalating trade war between US and China weighs on global energy markets

Gas Market Ongoing trade war uncertainty continues to weigh on global demand, with NBP curve contracts falling alongside the prompt. The spillover effects of the U.S.-China trade war have led ICIS to lower its forecast for China’s 2025 LNG demand by 6 million tonnes, potentially easing Chinese competition for LNG cargoes this year. Any further […]

The gas markets were a little subdued ahead of the Easter break and near months for the NBP posted minor gains

Gas Market Trading for the NBP curve was subdued on Thursday as the market prepared for the long weekend break after a turbulent first half to the month.  Near months settled marginally higher on Thursday as average gains failed to get above a half a penny per therm day-on-day and this brought the recovery for […]

NBP curve contracts edged up on Wednesday, gleaning support from increases across the prompt and whispers of trade talks between China and the U.S.

Gas Market NBP curve contracts edged up marginally on Wednesday, gleaning support from increases across the prompt and whispers of trade talks between China and the United States, which could alleviate some of the recent economic fears. The front month contract posted a gain of 2.56p to close the session at 86.88p per therm. A […]

NBP prices on Tuesday oscillated close to the previous close, with near-curve contracts shedding value

Gas Market Tuesday’s session on the NBP was best described as choppy. Traded contracts oscillated close to Monday’s close for much of the day. The front-month contract, May-25, rose during morning trading, reaching an intraday high of 87.26 pence per therm, marking a day-on-day gain of 1.89p. However, a late-afternoon decline in EUA carbon markets […]