Kore Energy

Gas Market The weeks’ upward momentum continued into early trade on Wednesday morning across the NBP prompt and curve. Having breached the 83p per therm level in the morning session the front month contract softened ahead of the close to settle at 79.01p, a loss of 3% day on day. Prompt contracts followed a similar […]

Gas Market NBP near curve gas contracts extended Monday’s gains increasing in value across the session. The front month, Jul-24 was assessed at 81.59p/th at market settlement on Tuesday, a day-on-day gain of 1.90p/th. Similarly, the Q3-24 contract as it approaches expiry on Thursday, posted a gain of 1.89p/th settling at 83.92p/th. The gains came […]

Gas Market NBP near curve contracts moved in tandem with the Spot on Monday to largely trade sideways. Upside on the prompt was driven by news of unplanned outages taking place on Norway’s Dvalin and Visund platforms which were set to remove more than 20 mcm per day of capacity. A short system added further […]

Gas Market NBP futures ended the week with near contracts declining by just over a penny on Friday while longer curve contracts posted more modest losses. The front month settled below the 80.00p per therm mark for the first time in almost two weeks as demand remained subdued while supplies are healthy with European gas […]

Gas Market NBP near curve contracts appeared to take their direction from downside exhibited on the prompt on Thursday. The Day ahead and Balance of Month contracts posted the biggest losses, shedding 3 pence per therm each day-on-day. A forecasted increase in wind levels for the rest of the week, coupled with an oversupplied system […]

Gas Market NBP prices fluctuated between negative and positive territory on Wednesday, with prices across both the prompt and curve ultimately settling above their previous close. Fears around potential US LNG curtailments due to tropical storms in the Gulf of Mexico region helped to lift the near curve, with July-24 closing 2% higher day on […]

Gas Market The majority of Monday’s NBP losses were reversed on Tuesday, with the biggest gains observed across the near curve. News of increased capacity coming online from the Troll gas field as well as an expected end to the Nyhamna facility outage appeared to be offset by an ongoing outage at the Visund platform […]

Gas Market Friday’s losses continued into Monday, with the most significant price falls observed across the Q3-24 period. The downside was largely driven by weakness in coal and carbon markets as well as storage fullness levels reaching 72%, which is well above the 5-year average. The front month closed the day at 80.52p per therm […]

Gas Market NBP gas prices returned to decline on Friday following confirmation from Chevron that they expect the issue at the Wheatstone LNG facility to be rectified by the 27th of June. The news eased some of the concerns for a prolonged redirection of LNG from European shores to Asia in order to cover the […]

Gas Market Gas prices relinquished early gains on Thursday as contracts on the NBP curve closed almost flat or slightly higher. The front month peaked at 87.50p per therm driven by concerns of tighter global LNG supplies after Chevron’s LNG offshore plant at Wheatstone was shut down earlier in the week.  The Australian LNG producer […]