Gas Market Forecasts for lower temperatures, high gas-for-power demand levels and an undersupplied system all conspired to drive up the Spot and prompt contracts on Friday, with the upside feeding into gains on the near curve as well. While high cloud cover continued to constrain solar output and low winds limit wind production, gas demand […]
Kore Energy
NBP futures increased on Thursday as near months averaged gains of 2.22p per therm
Gas Market After a brief respite on Wednesday natural gas futures firmed yesterday with near months averaging gains of 2.22p per therm. The Summer-25 contract added 2.51p in response to gains across European markets as concerns of tightness of supplies for next summer grew. An unplanned outage at Oseberg pushed up prompt prices in the […]
The news that Donald Trump had regained the White House fed into early morning losses across the wider energy complex on Wednesday.
Gas Market The NBP Spot fell by 1.20p per therm day-on-day on Wednesday despite strong gas-fired power demand driven by low renewable production levels. An undersupplied system for much of the day also did little to stir upside. The Day ahead product posted a loss of 0.65p to settle at 101.50p per therm, with forecasts […]
The NBP curve traded sideways on Tuesday with fundamentals remaining little changed day-on-day.
Gas Market Like most other markets, NBP contracts moved sideways on Tuesday as participants awaited the outcome of the U.S. presidential election. The December-24 contract edged up by 0.23p to close at 102.69p per therm. Prices are tentative to how tropical storm Rafael is progressing, which has the potential to track to the eastern Louisiana […]
News that OPEC+ was delaying its anticipated increase in oil production pushed Brent Crude prices higher which in turn supported NBP gas prices
Gas Market Monday’s trading session was more evidence that crude oil and natural gas are making tentative steps back towards being increasingly correlated following the divergence in 2021 and the advent of the Energy Crisis. NBP Gas prices tracked bullish crude oil contracts higher as OPEC+ delayed its anticipated increase in production by a month […]
European gas prices fell sharply on Friday with December shedding a further 4.18p per therm
Gas Market NBP futures continued to fall further through Friday’s session with hopes that Ukraine was close to securing an alternate to the gas transit deal with Gazprom. The current supply agreement expires in December and Ukraine was reported to be negotiating with Azerbaijan for an alternative feed into Slovakia and Hungary. Currently only […]
December, the new front month for the NBP posted a loss of 1.38p per therm on the day, bringing the decline for the week to 7.88p
Gas Market NBP futures opened softer on Thursday and losses were extended through to the afternoon but a late tick up in prices limited the decline on the day. The new front month, December, traded to a low of 101.21p per therm before settling at 103.36p, posting a loss of 1.38p day-on-day. The contract is […]
Gas prices tumbled on Wednesday with November shedding 4.62p
Gas Market Gas prices tumbled on Wednesday as risk premium added for an escalation of the conflict in the Middle East fell away. The front month, November, on its final day on ICE shed 4.62p per therm while futures for the remaining winter months fell by an average of 3.90p. Forecasts for above seasonal norm […]
NBP gas prices moved sideways on Tuesday following Monday’s decline and change in the risk profile
Gas Market Gas prices moved sideways on Tuesday following Monday’s decline. Opening in negative territory gas contracts appeared as if they would continue to fall following the change in the risk profile. With Isreal’s retaliation on Iran over the weekend not targeting energy infrastructure the risk premium that had built up in previous weeks looked […]
Reduced geopolitical risk weighed on gas and oil prices on Monday.
Gas Market A reduction in geopolitical risk premium on Monday saw NBP curve prices retrace some of Friday’s gains, while weakness across the wider energy complex also played into the downside. Near months fell by an average of just over 3.00p per therm, while the Q1 25 contract shed 2.84p day-on-day to end the session […]
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