Gas Market A modest level of risk premium was removed from the NBP curve on Tuesday on news of potential ceasefire talks between Hezbollah and Israel. Although uncertainty surrounding geopolitical risk remains rife, the front month contract posted a day-on-day loss of 3.72p to end the session at 97.14p per therm, while Q1 25 fell […]
Kore Energy
NBP curve contracts fell on Monday, with the front month closing down by 1.74p per therm, but remained 3.59% higher week-on-week.
Gas Market On Monday, the NBP curve enjoyed some modest respite from the recent geopolitically fueled price increases, with near months averaging a day-on-day loss of 1.47p per therm. The front month fell by 1.74p to end the session at 100.86p per therm, but remained 3.59% higher than a week ago. The escalation of unrest […]
Near NBP futures settled an average of 3.95p per therm higher on Thursday
Gas Market Despite warmer weather, high storage levels, increasing Norwegian flows and higher wind generation, prices on the NBP forward curve continued to rise on Friday, driven by heightened geopolitical tensions in the Middle East. The NBP front-month November contract settled 2.32 pence at 102.60p/th up on Friday, marking an increase of 6.20 pence (6.43%) […]
Near NBP futures settled an average of 3.95p per therm higher on Thursday
Gas Market After a fairly calm morning in the gas markets, volatility returned in the afternoon as Israel stepped up airstrikes on Lebanon. Monday sees the first anniversary of the Hamas attacks on Israel and a year on the conflict has escalated and moved beyond Gaza with Israel launching attacks on Beirut and southern Lebanon. […]
An escalation of events in the Middle East led to a turbulent day on energy markets
Gas Market The NBP gas market was choppy on Wednesday against the backdrop of Iran firing 200 ballistic missiles at Israel, Israel vowing retaliation and regular Israeli infantry crossing into Lebanon across the day. Despite the clear escalation of the conflict in the Middle East that had seen risk premium feed into gas prices over […]
Crude oil prices have continued to firm this morning with Brent $1.82 a barrel higher
Gas Market NBP futures opened softer on Tuesday with the front month trading down to 92.56p per therm before reports that Iran had launched air strikes on Israel came filtering through. The market appeared to have shrugged off Israels ground invasion in Southern Lebanon as near months shed up to 5.00p. In the afternoon the […]
An undersupplied system, constrained by rising domestic demand and Norwegian maintenance, lifted the NBP Spot on Monday
Gas Market The NBP Spot market was driven up on Monday as the GB system was expected to finish the day undersupplied as colder temperatures lifted domestic demand levels. The Within day contract posted the biggest gain of the day, increasing by 3.45p to end the session at 93.50p per therm. The upside fed into […]
Uncertainty surrounding Ukraine’s ability to secure a new gas transit deal when the existing contract with Gazprom expires at the end of the year supporting the NBP curve on Friday
Gas Market The strong presence of renewables in the power stack as well as increased pipeline imports from Norway encouraged the Spot market into negative territory on Friday. The Within day contract ended the session at 90.05p per therm, down 0.10p day-on-day. Further along the prompt however, forecasts of cooler temperatures for the week ahead […]
Proceedings on the NBP gas market were dominated by the proposal of a ceasefire between Israel and Hezbollah
Gas Market The NBP gas market opened in negative territory on Thursday with all traded contracts exchanging hands below Wednesday’s close. October, the front month contract, traded as low as 88.10p/th as the market awaited news that Israel would conform with the proposal, led by the US, for a 21-day ceasefire with Hezbollah. The market […]
An escalation in the conflict in the Middle East supported natural gas prices on Wednesday
Gas Market An escalation in the conflict in the Middle East coupled with supply niggles supported natural gas prices across Europe on Wednesday. Hezbollah missiles targeting Tel Aviv were intercepted yesterday while Israel continued airstrikes on Southern Lebanon appearing to make way for a ground offensive. On the supply side, the unplanned outages at Sleipner, […]
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