Kore Energy

Gas Market The NBP Gas market looked to be continuing its recent downward trend with prices opening below Friday’s close. Jan-24, the front month, opened at 82.5p per therm, and continued to trade lower. However, prices soon rebounded with news that BP and other major freight companies had ceased crossing the Red Sea amid attacks […]

Gas Market For the second consecutive session UK gas contracts ended the day in negative territory on Friday. Risk premium eroded from the front of the curve as a result of favorable market fundamentals including aggregate European storage levels at 89% fullness. The NBP month ahead contract closed 4.25p lower at 82.55 pence per therm, […]

Gas Market The malaise on UK gas markets continued unabated on Tuesday. The markets opened in negative territory, and other than Jan‐24 and Feb‐24 briefly trading higher, prices never looked like reversing the recent downward momentum. Gas fundamentals remain healthy across Europe with European storage sites standing at almost 91% fullness. With drought conditions persisting […]

Gas Market Monday revealed a clear downward sentiment in the UK gas market, with prices dropping to levels unseen since early 2022. The front seasonal contract Summer-24 closed at 90.02p, marking its lowest point since February 2022. Additionally, the gap between the front two quarterly contracts continued to narrow, as Q1-24 and Q2-24 closed at […]

Gas Market UK NBP gas contracts ended Friday’s session with a decline, sustaining modest losses over a five-day average. The front of the curve witnessed a reduction in risk premium, as contracts aligned with healthy near-term fundamentals. The Summer-24 contract lost 2.38p to close at 95.70 pence per therm its lowest level since February 2022 […]

Gas Market On Thursday, UK gas prices displayed a marginal uptick, extending the gains from the previous session, but remained in negative territory over a five-session average. Yesterday’s gains came despite healthy near-term fundamentals, including aggregate European storage levels at over 90% and LNG imports at a six month high. The front quarter Q1-24 opened […]

Gas Market With temperatures set to increase to seasonal norms the selloff on the gas market continued unabated across Tuesday’s session. Q1-24 fell to 96.78p/th at closing, the first time it has been assessed below 100.00 pence per therm since the 20th of January 2022. At its current level the contract has fallen by 71.6% […]

Gas Market With the first real test of the winter passing, gas supplies across Europe and the UK remain healthy and the markets reacted with a selloff on Monday. Temperatures are set to return to normal this week, but wind generation is forecast to rise which will relieve pressure for gas fired generation.  NBP futures […]

Gas Market On Friday, UK gas prices experienced a slight increase, driven by supportive weather fundamentals. However, the gains were limited, as contracts across the curve remained in negative territory over a five-day average. The initial signs of cold weather pushed the front month contract 2.52p higher, closing at 109.65 pence per therm. Similarly, seasonal […]

Gas Market The market recovered yesterday following the heavy losses over the last three sessions with the market recognising the strong fundamentals across Europe. Contracts yesterday made minor gains following the large sell offs as traders reassessed their positions. In its first session as the front month the January 2024 contract opened in negative territory […]