Gas Market European gas markets all declined significantly with the NBP April contract falling back below 70.0p/th in its penultimate session of trading on ICE before expiry. The contract declined by 4.27p/th as market fundamentals once again reigned over market proceedings on Tuesday. Similarly, both Q2-24 and Summer-24 also due to expire at the end […]
Kore Energy
Carbon prices surged higher yesterday as the Spot for EUAs closed at a two-month high
Gas Market The energy markets across Europe were on edge yesterday following the terrorists attack in Moscow and reports that Russia targeted an underground gas storage facility in Ukraine at the weekend. Initial reports from Ukraine are saying the storage facility is intact after the weekend bombardment but a full engineer’s assessment is required. Near […]
Asian spot LNG prices increased forcing the NBP wholesale market to follow suit in order to remain attractive on the global LNG market
Gas Market Forward gas markets rebounded on Fridays following the previous sessions losses. With volatility now a seemingly ever-present, the front month NBP contract reversed all and more of Thursdays losses as the contract closed at 71.74p/th, just shy of April’s daily high of 72.22p/th traded just prior to closing. Trades following the closing window […]
April settled at 68.37p, down 3.01p yesterday
Gas Market The Spot closed over 4.00p per therm lower yesterday as the GB gas system was well balanced with supplies still showing a surplus with just an hour of trading to go. Increased wind generation dented gas demand on the day and is expected to rise again on Friday which pressured the prompt. Natural […]
Near NBP futures have continued to fall this morning.
Gas Market There was mixed news from Freeport LNG yesterday as the company announced the stricken train 3 had returned to production after an extended maintenance period. The liquefaction train had been offline since late in January when hit by a cold snap and the company had struggled to repair the unit since. As a […]
Brent set a fresh four-month high, closing at $87.38 a barrel
Gas Market After the significant step up in gas futures on Monday the near NBP curve moved sideways yesterday after sentiment switched back to the fundamentals. European gas in storage is just below 60% and on target to remain above 50% by the end of the winter. LNG deliveries have continued to arrive at European […]
Continued attacks by Ukraine on Russian energy infrastructure fed into the wider energy complex on Monday as all contracts made substantial gains
Gas Market The NBP gas market extended Friday’s gains on Monday, as the bellwether summer contract increased for the fourth consecutive session. The contract increased by 2.35p/th on Friday, before adding a further 4.61p/th across Monday’s session. Prices were driven higher following the attacks on Russian energy infrastructure by Ukraine which have impacted oil refining […]
Near NBP futures rose by an average of 2.75p per therm yesterday
Gas Market After some uncertainty in the morning NBP futures ticked up in the afternoon and erased the losses for the last week. European energy prices edged higher in the afternoon after reports that Ukraine had attacked a Russian nuclear power plant. Although only a boundary fence was struck NBP futures rose by an average […]
EUA carbon contracts posted losses of more than €1.00 per tonne
Gas Market The UK gas market along with most of its continental counterparts continued to operate in a tight range with prices never straying too far from the previous settlement. That said, the market did oscillate between gains and losses over the course of the day but in truth these were constrained to minor amounts. […]
The NBP forward market oscillated in a tight range for much of Tuesday’s session, as contracts moved sideways following Monday’s strong losses.
Gas Market The NBP forward market oscillated in a tight range for much of the session, as contracts moved sideways following the strong losses witnessed on Monday. The front month April, traded to a low of 61.02p/th in early trading but soon recovered, trading for much of the session in a half penny range either […]
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