Kore Energy

Gas Market An erratic day on the NBP ended with prices across the curve closing marginally down from Monday’s close. The front month, Feb-24, opened higher and continued upwards to a high of 76.1p/th spurned on by the news of a missile striking an empty Maltese cargo ship in the Red Sea. However, prices were […]

Gas Market Gas prices across Europe began the week by shrugging off all the bullish factors of the day and ended lower.  The markets ignored reports of LNG tankers from Qatar being diverted around the Cape of Good Hope away from the Suez Canal. The longer trip adds around nine days to LNG deliveries to […]

Gas Market NBP gas prices rebounded slightly on Friday, but all contracts were down week-on-week following the losses earlier in the week. Gas prices garnered support from increasing risk in the middle east the spreading or war and unrest in the area. The United States and Britain carried out strikes on Houthi military targets in […]

Gas Market The ample gas supplies currently available continued to drive market sentiment on Tuesday as natural gas futures and prompt prices settled lower. It was a slow start for futures following the break for the new year’s holiday as the market weighed up the escalation of attacks on shipping in the Red Sea at […]

Gas Market Near months on the NBP ended the year in decline with February settling at 80.71p, a fresh two year low for the contract.  The mild winter along with high levels of gas in storage while LNG deliveries keep arriving have pressured natural gas futures lately as near month contracts have fallen to levels […]

Gas Market Wednesdays gains to NBP futures were reversed and some during Thursday’s trading session. The January contract settled just above its low point of the day at 83.56p, posting a loss of 6.47p.  The contract expired on ICE platform on Thursday along with the Quarter 1-2024 contract which also declined by over 6.00p. Yesterday’s […]

Gas Market The gas markets resumed with strong gains after the break for the Christmas holidays.  Concerns were raised following the increased attacks on shipping vessels in the Red Sea over the break. It was feared this could force shipping traffic to be diverted away from the Suez Canal, the quickest route to Europe from […]

Gas Market On the Friday before Christmas, the UK gas markets closed early for the holidays and trading activity during the session was subdued. By the close of play most near contracts settled lower but movement on the day was minimal with the January contract just 0.32p lower at 85.32p.  While the front month has […]

Gas Market Gas prices rebounded on Wednesday, following Tuesday’s losses. Prices across the board opened in positive territory and remained above the previous close for much of the day. The risk posed by the attacks in the Red Sea raised its head again as a potential driving force behind the 2.85p/th increase to the front […]

Gas Market On Tuesday, UK gas prices opened lower and continued shedding the risk premium linked to the escalating tensions in the Red Sea throughout the session. NBP contracts firstly realigned within the price range witnessed last week and then dipped even lower. The NBP Q1-24 contract opened at 85.90p and proceeded to fall, closing […]