Kore Energy

Gas Market Gas prices opened strongly following the attack by Iran on Israel over the weekend, while contributing to the early bullishness was news that the Nyhamna gas processing plant experienced an unplanned outage removing over 50mcm from the supply picture. As a result, the front month opened up at 79.00p/th before risk quickly fell […]

Gas Market After a slow start on Friday near NBP months edged higher through the day after Russia’s continued targeting of Ukraine’s energy infrastructure. The front month settled with a gain of 2.69p to close at 76.38p, bringing the gain for the week to 10.30p or 15.6%. The Winter-2024 contract added 2.99p on Friday and […]

Gas Market  NBP futures spiked on Thursday following the overnight bombardment on Ukraine’s energy infrastructure by Russia. Near months settled an average of 5.95p higher in response to the news that two underground gas storage facilities were hit by missiles. While early reports stated that both facilities were still operational gas prices crept higher through […]

Gas Market  NBP gas prices traded in a tight range for much of the day as contracts ebbed and flowed from gain to loss for much of the session. The front month contract opened in positive territory trading up to 69.96p/th and what proved to be the high of the day, before trading down to […]

Gas Market   The unplanned outage at the Asgard is due to be resolved on Wednesday but capped losses to near NBP months yesterday.  Early losses were reversed yesterday before easing again later in the session. Reports came through in the afternoon that Freeport LNG had ramped up natural gas intake on Tuesday morning which increased […]

Gas Market The decline witnessed on the NBP pre and post Easter has all been reversed at this stage following large gains across the curve on Monday. Settling at 69.71p/th, just shy of the intraday high, the front month increased by 3.63p/th. Prices were inflated following two unplanned outages at the Asgard gas field that […]

Gas Market  Unplanned outages at Nyhamna and Gullfaks led to supplies tightening on Friday after early forecasts for a long gas system.  The outages impacted supplies to the UK and Europe but were expected to be resolved over the weekend according to Gassco, the Norwegian Gas Operator.  Prompt prices opened softer but ended the session […]

Gas Market The energy markets corrected yesterday following the significant move lower from the end of last week.  With Brent crude settling above the $90 a barrel mark for the first time since the end of October, gas and carbon prices edged higher. The May contract for the NBP declined by 6.42p over the previous […]

Gas Market Gas prices continued their downward trend amid persistently strong market fundamentals. The front month has declined by 13% over the last 5 trading sessions from its recent peak. Prices peaked on the 25th of March following the terrorist attack in Moscow and the reported attack by Russia on a Ukrainian gas storage site. […]

Gas Market  After the long weekend for the Easter break, wholesale natural gas prices continued to show weakness as the near curve eased.  Early losses of around 2.00p per therm to the front months were pared back but the overall fundamentals pressured the curve over the afternoon and May yielded over 3.00p.  Winter-2024 is the […]