Gas Market European gas prices increased on Monday after an unplanned outage was called at the Dvalin field. Planned Norwegian maintenance has curtailed gas flows to Europe and the UK this month and while Gassco expect the outage to be resolved on Tuesday natural gas prices in Germany and the Netherlands ticked up. Prompt […]
Kore Energy
NBP prompt and curve contracts edged up on Friday, although the front month contract still settled 8.65% lower week-on-week
Gas Market Thursday’s gains continued into Friday with increases seen across all NBP prompt and curve contracts. Despite the uspide, October-24 still finished 8.65% lower week-on-week, settling at 87.83p per therm on the day. Movement further out was more modest with Winter-24 and Winter-25 edging up by 0.36p and 0.10p per therm day-on-day respectively. Larger […]
October settled a penny higher having declined by over 10.00p per therm over the first three days of the week
Gas Market After three days of significant declines the NBP curve settled slightly higher on Thursday after buying activity centered around the front month and season. October shed over 10.00p per therm over the first three days of the week and after settling at a six-week low on Wednesday it was no surprise to see […]
The NBP completed a third straight day of declines on Wednesday with some of the biggest losses seen on the prompt market.
Gas Market The NBP completed a third straight day of declines on Wednesday with some of the biggest losses seen on the Spot and prompt. Despite changes being made to the Norwegian maintenance schedule on an ongoing basis, overall impact remains largely unchanged so far, with the GB system yesterday operating in a long position. […]
NBP Gas prices declined for the second consecutive day
Gas Market Gas prices fell further on Tuesday as the continued strong market fundamentals exerted pressure on NBP wholesale contracts. The front month October-24 contract fell for the second consecutive day, and losing 7.1% since Friday, settling yesterday evening at 89.37p/th. The losses were not only limited to the near curve as winter-24 briefly flirted […]
Contracts across the NBP prompt and curve moved down on Monday, with losses continuing into this morning.
Gas Market Prices across the NBP’s prompt and curve shed value on Monday, with the biggest losses seen on the near months. The Spot shrugged off a short GB system and higher gas-for-power demand, instead seeking direction from the high storage levels from which withdrawals were making up for reduced pipeline supply from Norway. News […]
The front month for the NBP is down over 2.00p this morning
Gas Market A combination of low wind forecasts and planned maintenance works which are expected to curb Langeled gas flows to GB provided the support to prompt and near curve contracts on Friday. Langeled is the main gas line for Norwegian imports and scheduled maintenance could see gas flows fall close to zero for […]
A second day of losses for the NBP curve was witnessed on Thursday
Gas Market On its final day trading as front month on the ICE platform, September traded to a high of 93.79p per therm before expiring at 91.73p with a loss of just over a penny. The contract had traded down to a low of 90.85p as concerns of increased geopolitical tensions in the Middle East […]
A lower-than-expected draw in U.S. crude oil stocks pressured prices yesterday as Brent slipped by almost a dollar a barrel
Gas Market Geopolitical risk kept gas prices across Europe propped up on Wednesday while late volatile trading saw NBP futures ease before the close. The near curve settled an average of 0.60p lower after some wide swings in prices in the last hour or two of trading. Buying activity was centered on the September contract […]
NBP Gas prices increased in trading on Tuesday supported by global LNG supply issues
Gas Market Following the long weekend in the UK the NBP gas market opened strongly on Tuesday and continued higher throughout the day. The bullish tone was set early following the attacks by Russia on Ukrainian energy infrastructure over the weekend and the confirmation that a ceasefire agreement would not be reached in the Middle […]
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