Gas Market The volatility in the energy markets continued on Friday with the U.S. sanctions on Gazprombank providing uncertainty while forecasts for temperatures to rise over the weekend provided downward pressure to the prompt. The Spot and Day ahead contracts shed 4.75p and 6.70p per therm respectively on the day. The loss for the […]
Kore Energy
A tight GB gas system along with increased geopolitical risk provided the upside to gas prices on Thursday
Gas Market The cool temperatures combined with the recent escalation of the Russian Ukraine war brought another volatile session for the gas markets on Thursday. GB gas demand rose to 327mcm yesterday, the highest of the current winter so far and supplies lagged demand despite high LNG send out. LNG facilities in the UK […]
NBP near curve contracts retraced most of Tuesdays’ losses on Wednesday as ongoing geopolitical tensions fed risk premium into prices.
Gas Market After initially opening the morning session below its previous close, the NBP front month contract went on to trade at a high of 118.18p per therm, before closing down a touch at 117.15p per therm. The ongoing sense of unease surrounding the war in Ukraine and whether or not unfolding events will disrupt […]
Near curve NBP gas contracts fell by an average of 3.0% on Tuesday as Russian gas continued to flow
Gas Market Gas prices declined in trading Tuesday as Russian gas continued to flow into Europe despite the announcement over the weekend that Gazprom would curtail flows into Austria. Reports show that nominations for Russian gas to flow through Slovakia to the Austrian border continue, but the counterparty on the Austrian side of the border […]
Another volatile session was witnessed on Monday as NBP futures flipped from losses to gains as fears of an escalation in the war in Ukraine rose
Gas Market Gas flows from Russia continued over the weekend and on Monday despite the Austrian energy supplier, OMV, receiving notice of a cessation of supply from Gazprom. NBP futures opened lower to start the week, however, the morning’s opening declines of over 3.00p per therm were reversed later in the session. News that […]
News that Russian gas deliveries into Austria under a contract with OMV would halt from 16 November led to upside on the NBP near curve on Friday
Gas Market A relatively calm morning on the NBP on Friday turned into a volatile afternoon session after news reached the market that Russian gas deliveries into Austria under a contract with OMV would halt from Saturday, 16 November. The cessation of this contract will remove approximately 16mcm per day of gas supply into Austria. […]
After Thursday’s sharp gains, the gas markets are a little calmer this morning and NBP futures contracts across the board are showing declines
Gas Market The news that the Austrian gas supplier, OMV, intends to recoup damages of €230m plus costs from Gazprom by nonpayment of invoices sent the gas markets reeling yesterday. The arbitration was awarded on Wednesday and the market fears Russian gas supplies will be cut if OMV suspend payments. The volume of imported gas […]
The front month for the NBP, December, settled 1.65p per therm lower at 110.78p yesterday
Gas Market Weaker gas prices across Europe weighed on the NBP near curve and prompt yesterday. The front month for the NBP curve traded to a low of 108.00p per therm but failed to hold at that level and prices recovered through the afternoon session as December settled at 110.78p which is a decline of […]
The return to seasonal normal temperatures and reduced renewable power generation continues to support NBP gas prices
Gas Market Prompt prices were largely unmoved in trading Tuesday as the spot market settled flat to Monday’s close, while Day ahead increased by a mere 0.75 pence per therm. On the near curve the December contract settled at 112.87p/th, a premium of 1.87p/th to the previous close but 18% lower than year ago prices. […]
Volatility ensued across the NBP on Monday with notable gains exhibited on the prompt and near curve.
Gas Market Volatility ensued on the NBP prompt and near curve on Monday, with the front month contract trading a range of 6.03p per therm. More than 16.0% of natural gas output along the U.S. Gulf coast remained offline over the weekend in the aftermath of Hurricane Rafael, which may impact U.S. LNG exports into […]
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