Kore Energy

Intra-day Report Yesterday, UK gas and power markets were closed due to a UK Bank Holiday. European carbon prices eased on Monday, driven down by low liquidity due to the Bank Holiday as well as easing concerns around transit supply via Ukraine to Europe. European gas markets however edged up on a possible escalation of […]

Gas Market NBP contracts edged up on Friday, retracing most of the previous session’s losses. Outside of the front month, which gained 1.11p per therm day-on-day, near months averaged increases of a modest 0.39p per therm. Traders appear to be tentative to any potential supply risk, such as the impending start to planned maintenance on […]

Gas Market It was another day where early gains to the NBP curve were reversed through the session while weak fundamentals weighed in the afternoon.  Premium had been added over two weeks ago when Ukraine attacked the town of Sudzha in the Kursk region of Russia.  This threatened the gas interconnector in the area which […]

Gas Market   On Wednesday we witnessed the near NBP curve edge higher by around a penny and a half before contracts tumbled into negative territory during the afternoon session. Significant losses were posted on Tuesday, and it was no surprise to see minor gains after market opening as traders took advantage of the dip […]

Gas Market NBP Gas prices tumbled in afternoon trading on Tuesday as the front month declined by 4.67p/th from Monday’s settlement. Closing at 91.46p/th the September contract had traded as high 97.19p/th, before sliding to a low of 90.75p/th just prior to settlement. Market fundamentals seem to have finally exerted some influence over the NBP […]

Gas Market Gains across the NBP prompt were strong on Monday, driven by an unplanned outage the Gullfaks platform in the North Sea which could potentially limit Norwegian gas flows into the U.K. Cooler than normal temperatures forecasted for the majority of the rest of the month also added to the upside, pushing the Day […]

Gas Market The majority of curve contracts across the NBP settled below their previous close on Friday, although late afternoon gains threatened to undo almost all of the earlier losses. Having traded as low as 93.96p per therm, the front month contract closed at 95.28p per therm, down 0.34p day-on-day. The Winter-24 contact fell by […]

Gas Market The NBP recovered Wednesday’s losses during yesterday’s session as concerns over Russian gas supplies buoyed European gas prices. The markets have been inflated since the end of July due to geopolitical risk with the war in Gaza threatening to expand while recently Ukraine forces have taken the conflict into the Kursk region of […]

Gas Market   Early gains to the near curve of the NBP were pared back over the rest of the morning and contracts oscillated between gains and losses before pressure from the prompt weighed later.  While the conflict intensified in the Kursk region, gas flows from Russia to Europe at the border town of Sudzha […]

Gas Market Despite the ongoing conflict in the vicinity of the cross-border interconnector at Sudzha gas flows have remained constant from Russia into Europe. As a result, the weakening in gas prices witnessed on Monday afternoon continued into Tuesday’s session. Near-curve contracts were impacted the most as the September contract shed 0.79p/th to settle at […]