Kore Energy

Escalating trade war between US and China weighs on global energy markets

Gas Market Ongoing trade war uncertainty continues to weigh on global demand, with NBP curve contracts falling alongside the prompt. The spillover effects of the U.S.-China trade war have led ICIS to lower its forecast for China’s 2025 LNG demand by 6 million tonnes, potentially easing Chinese competition for LNG cargoes this year. Any further […]

The gas markets were a little subdued ahead of the Easter break and near months for the NBP posted minor gains

Gas Market Trading for the NBP curve was subdued on Thursday as the market prepared for the long weekend break after a turbulent first half to the month.  Near months settled marginally higher on Thursday as average gains failed to get above a half a penny per therm day-on-day and this brought the recovery for […]

NBP curve contracts edged up on Wednesday, gleaning support from increases across the prompt and whispers of trade talks between China and the U.S.

Gas Market NBP curve contracts edged up marginally on Wednesday, gleaning support from increases across the prompt and whispers of trade talks between China and the United States, which could alleviate some of the recent economic fears. The front month contract posted a gain of 2.56p to close the session at 86.88p per therm. A […]

NBP prices on Tuesday oscillated close to the previous close, with near-curve contracts shedding value

Gas Market Tuesday’s session on the NBP was best described as choppy. Traded contracts oscillated close to Monday’s close for much of the day. The front-month contract, May-25, rose during morning trading, reaching an intraday high of 87.26 pence per therm, marking a day-on-day gain of 1.89p. However, a late-afternoon decline in EUA carbon markets […]

The May contract for the NBP settled 2.27p higher at 85.37p yesterday, but the contract is still over 17.00p down this month

Gas Market Prompt prices were lifted by the unplanned outages at Norwegian production plants yesterday. Natural gas exports were curbed by around 29mcm due to issues at the Aasta Hansteen and Dvalin plants yesterday which left the Spot and Day ahead 3.15p per therm higher at the close.  Forecasts for low wind generation also added […]

Price fluctuations across global markets due to Donald Trump’s tariffs continued on Friday

Gas Market Price fluctuations across global markets, including the NBP, due to Donald Trump’s tariffs continued on Friday. Curve prices made modest gains despite news that China would raise import taxes on U.S. goods to 125%, further stoking fears of a global recession. The front month contract closed the session at 83.10p per therm, up […]

The front month for the NBP peaked at 87.90p per therm yesterday but fell 5.72p intra-day to settle at 81.18p

Gas Market   The gas markets opened firmer on Thursday following a step back from President Trump as he paused the latest tariff increases for 90 days late on Wednesday.  Near months for the NBP increased by around 4.50p per therm through the early part of the session but uncertainty in the markets and the […]

Another day of turmoil across financial and commodity markets ensued on Wednesday, with the NBP closing prior Trump’s announcement of a 90-pause on most reciprocal tariffs

Gas Market Another day of turmoil across financial and commodity markets ensued on Wednesday, with the NBP closing prior to the announcement from Donald Trump of a 90-day pause on reciprocal tariffs against non-retaliatory countries. Instead, following the commencement of the initial reciprocal tariffs, including an increase on China to 104% and China’s subsequent announcement […]

NBP Gas prices return to Fridays’ levels as global tariffs continue to dominate proceedings

Gas Market The NBP market remained largely rangebound throughout the trading session, as participants awaited further developments in the U.S.-initiated trade dispute. Monday’s rebound — prompted by an erroneous report suggesting a pause in tariff measures — proved short-lived, with near-curve prices returning to parity with Friday’s close. Since the announcement of President Trump’s tariffs, […]

The NBP market displayed significant volatility on Monday with the front month contract trading a range of over 12p over the session.

Gas Market The NBP market displayed significant volatility on Monday with the front month contract trading a range of over 12p over the session. Having opened the week below the near 7-month lows seen by the close on Friday, prices began to incline early in the afternoon on speculation that Donald Trump was planning a […]