Gas Market An afternoon slump on Tuesday saw near curve contracts go from spending much of the session 2p below Monday’s close, to settle more than 6p lower day-on-day. Despite the intraday volatility, the NBP continued to shed risk premium in the face of a potential end to the Russia-Ukraine war. A milder outlook for […]
Kore Energy
Monday saw early losses reversed as the wholesale gas market settles flat
Gas Market UK gas prices showed mixed movements yesterday, with the front-month contract hitting an intra-day low of 107.07p/th before closing the session up 0.50p at 112.83 pence per therm. Further along the curve, the Summer 25 contract followed a similar path, eventually settling up 0.19p at 112.93p/th. Meanwhile, the NBP Day-ahead price retraced some […]
Another choppy session on the NBP on Friday resulted in losses across the prompt and near curve, although direction was more mixed further out
Gas Market Another choppy session on the NBP curve on Friday ultimately resulted in most contracts finishing below their previous close. March-25 settled at 112.33p per therm, a loss of 1.22p day-on-day and down just under 10p week-on-week. The near months continued to fall on expectations that the war between Russia and Ukraine could end […]
March, the front month for the NBP, is down 20.01p over the last five days.
Gas Market UK gas prices turned negative again yesterday, with the front-month contract dropping by 1.43p to close at 113.55p per therm. Prompt prices also declined, as the Day-Ahead contract fell by 0.85p to 112.70p/th, driven by continued comfortable market fundamentals. The recent downturn in European gas prices is largely attributed to market speculation […]
March, the front month for the NBP, is down 20.01p over the last five days
Gas Market UK and European gas prices experienced a volatile session yesterday, gaining over 2.00p early in the morning before eventually settling an average of 2.69p/th lower across near-curve contracts. The front-month NBP contract reached an intra-day high of 120.62p/therm, but a late afternoon fall caused the contract to settle 2.92p down at 114.98p per […]
NBP gas prices ended their recent decline following Zelensky’s comments
Gas Market The run of losses for UK and European gas prices which had brought prices down over 20p/therm since last Wednesday was halted late during yesterday’s session. The optimistic view that a ceasefire deal could lead to a return of Russian gas to the European energy market was dampened after Ukrainian President Zelensky postponed […]
With talks set to continue today regarding a potential peace deal between Russia and Ukraine, supply concerns continued to abate, weighing on NBP curve prices on Monday
Gas Market NBP prices had a choppy start to the week, with the front month contract oscillating above and below its previous close early on Monday morning. The market ultimately decided on a downward course with the March-25 contract falling by 6.54p per therm by the close. With talks set to continue today regarding a […]
Ongoing talks to end the Russia-Ukraine war continued to weigh on NBP gas prices on Friday
Gas Market Ongoing talks and discussions to end the Russia-Ukraine war continued to weigh on NBP gas prices on Friday. With an end to the conflict closer than ever, risk premium has been dissipating out of contracts on the expectation that Europe could start taking Russian gas should a resolution be confirmed. A push for […]
The front month and season for the NBP shed around 10.74p per therm yesterday as gas prices tumbled over the session
Gas Market The energy markets continued unwind premium following reports of possible peace talks between Russia and Ukraine yesterday. NBP futures fell sharply from the off on Thursday morning and losses were extended through the session as March was 10.74p per therm down at the close, the largest one-day loss for the front month since […]
NBP near curve contracts shed an average of 5.12p on Wednesday as demand concerns loosened and the weather outlook appeared less volatile.
Gas Market NBP near curve contracts shed an average of 5.12p on Wednesday as demand concerns loosened and the weather outlook appeared less volatile. With above average temperatures and wind levels forecast for next week, the significant availability of LNG sendout and Norwegian flows, despite ongoing supply restraints, is expected to reduce reliance […]
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