Gas Market Unplanned outages at the Barrow Terminal provided support to the prompt and near curve contracts of the NBP on Monday. The event coincided with reports that planned maintenance at Norway’s Troll field are to be extended by six days while works at Nyhamna will take at least a day more than originally […]
Kore Energy
NBP futures settled mixed on Friday after reports that China received its first LNG delivery from Russia’s Arctic LNG2
Gas Market With the September contract expiring on ICE on Thursday, October, the first of the winter months took on front month status for the NBP on Friday. The market opened lower following reports of the first deliveries of LNG from Russia’s the Arctic LNG2, but declines were reversed not long after and near […]
Reports of China ignoring potential U.S. Sanctions and accepting a sizeable cargo from the Russian Artic LNG 2 facility weighed on gas markets on Thursday
Gas Market NBP gas contracts continued their downward trajectory in Thursday’s trading, marking a third straight session of losses. The front-month September contract expired at 77.80p/th, hovering close to an 18-month low. Prices remain under pressure from bearish fundamentals, with further weight coming from reports that China has taken delivery of a sizeable LNG cargo […]
Further weakening in Asian gas markets and increased European storage levels weighed on the NBP curve on Wednesday
Gas Market The NBP market continued to move down on Wednesday following on from Tuesday’s losses. Further weakening in Asian gas markets due to high storage levels and continued weak demand has reduced competition across the global LNG market which fed into the downside on the NBP curve. European storage stocks continue to grow, with […]
UK Gas and Power Ease on Stronger Wind, Brent Falls on Trade Tensions
Gas Market UK gas prices were relatively subdued on Tuesday, easing slightly after three consecutive sessions of gains. The September front month fell 0.54p to 83.13p/therm, while Winter-25 slipped 0.86p to 88.7p/therm, with the moves likely reflecting a technical correction and some profit-taking. On the prompt, the Day-Ahead traded largely sideways, edging up 0.50p to […]
The NBP gas curve has opened in negative territory this morning, retracing much of Friday’s gains
Intra-day Report While UK gas and power markets were closed due to the bank holiday yesterday, oil markets were supported by concerns over further U.S. sanctions on Russian oil following comments made by U.S. President Donald Trump on Friday. Ukrainian attacks on Russian energy infrastructure over the weekend added further upside, with the front month […]
NBP futures continued to add premium on Friday as hopes of an early resolution to the Russia Ukraine war faded
Gas Market With optimism for a peace deal between Russia and Ukraine fading wholesale natural gas futures continued to creep up on Friday. Early trading for the NBP curve was boosted by the fact that Monday is a bank holiday in the UK while a revision to the Autumn maintenance schedule by Gassco provided support […]
Energy Markets Rally as Optimism Dissipates around Ukraine Ceasefire talks
Gas Market UK gas prices strengthened on Thursday as peace negotiations over Ukraine faltered, and supply risks intensified. Winter-25 NBP rose 2.85p to 88.85p/therm, while Summer-26 gained 2.44p to 79.69p/therm, reversing the losses seen over the past two weeks. The rally was driven by mounting geopolitical tension, with Russia insisting on a veto over any […]
NBP futures ticked up on Wednesday amid more uncertainty in the markets
Gas Market Uncertainty returned to the gas markets yesterday spurring on late buying activity which boosted natural gas futures on the NBP curve. Crude oil prices were lifted by the escalation of the Israeli offensive on Gaza as 60,000 reservists were called in ahead of the ground operations. The U.S. Administration seems to be pulling […]
UK gas markets have returned to range-bound trading, although 8p lower than earlier summer levels
Gas Market Following nearly two weeks of decline since U.S. President Trump first announced plans for his meeting with President Putin, which took place last Friday, the UK gas market has returned to the range-bound characteristics that have defined much of this summer. However, the market is now trading within a band approximately 8p lower […]
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