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 […]
Kore Energy
The May contract for the NBP settled 2.27p higher at 85.37p yesterday, but the contract is still over 17.00p down this month
Gas Market Prompt prices were lifted by the unplanned outages at Norwegian production plants yesterday. Natural gas exports were curbed by around 29mcm due to issues at the Aasta Hansteen and Dvalin plants yesterday which left the Spot and Day ahead 3.15p per therm higher at the close. Forecasts for low wind generation also added […]
Price fluctuations across global markets due to Donald Trump’s tariffs continued on Friday
Gas Market Price fluctuations across global markets, including the NBP, due to Donald Trump’s tariffs continued on Friday. Curve prices made modest gains despite news that China would raise import taxes on U.S. goods to 125%, further stoking fears of a global recession. The front month contract closed the session at 83.10p per therm, up […]
The front month for the NBP peaked at 87.90p per therm yesterday but fell 5.72p intra-day to settle at 81.18p
Gas Market The gas markets opened firmer on Thursday following a step back from President Trump as he paused the latest tariff increases for 90 days late on Wednesday. Near months for the NBP increased by around 4.50p per therm through the early part of the session but uncertainty in the markets and the […]
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 […]
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