Kore Energy

Gas Market The day-on-day movement on the NBP curve concealed the underlying volatility of the session. The front-month contract opened lower but gained momentum throughout the morning, reaching an intra-day high of 144.63p/th—up 3.38p/th from Monday’s settlement. However, in the late afternoon, prices reversed course, ultimately settling at 140.57p/th, marking a daily decline of 0.68p. […]

Gas Market Dwindling gas reserves combined with cooler forecasts and an extended outage paved the way for strong gains to NBP futures on Monday. An unplanned outage at the Barrow treatment plant is likely to curb gas flows until Friday, however, the impact is just 6mcm. European gas in storage dropped below the 50.0% mark […]

Gas Market A bullish weather outlook for the coming days supported the NBP prompt on Friday. Wind forecasts are expected to be between 10-20% below normal levels from the start of the week, while temperatures are also forecast on the cooler side, both increasing heating demand levels. An extension to maintenance at the St. Fergus […]

Gas Market Lower wind generation levels coupled with cooler temperatures continued to place a draw on gas reserves across Europe yesterday and pushed gas prices higher. It was a volatile session on the NBP curve with front months peaking over 5.00p above the previous close before easing back through the afternoon session. The March contract […]

Gas Market Gas markets across Europe recovered most of the previous session’s losses amid forecasts for cooler weather and uncertainty around storage reserves.  Europe’s gas in storage was just below 52% of capacity yesterday compared to 68% at this time last year. Meanwhile there was some uncertainty around U.S. LNG exports after China vowed to […]

Gas Market Firm weather fundamentals and an unplanned outage at the Teeside Cats terminal stirred short-term upside on the NBP on Monday. Although the Spot market managed to edge down modestly, prompt contracts all posted gains. Despite temperatures being currently mild, a colder than normal outlook from mid-week in parallel with a drop in wind […]

Gas Market Unplanned outages at key Norwegian fields continued to support prompt prices early on Thursday while increased buying activity added support to the front of the curve.  February expired on the ICE platform yesterday and the contract traded up by almost 4.00p per therm on higher volumes before falling back in the afternoon.  The […]

 Gas Market A combination of supply concerns and heightened geopolitical tensions conspired to drive up NBP prices on Wednesday. An extension to an unplanned outage at the Norwegian Asgard gas field supported the prompt, while ongoing outages at Troll and Gullfaks exacerbated supply concerns. This, coupled with higher gas-for-power demand and cooler temperatures for the […]

Gas Market  Following Monday’s decline, gas prices remained stable during Tuesday’s session. The front-month February contract opened in negative territory, but the downturn was short-lived. Supply disruptions in Norway, particularly at the Troll and Asgard gas fields, supported prompt prices and lifted the February contract above Monday’s close. Increased buying activity also contributed to the […]

Gas Market Nominations at the Freeport LNG facility in Texas increased to near full capacity over the weekend and NBP wholesale gas futures at the front of the curve fell by over 4.00p on Monday.  Forecasts for slightly higher temperatures for the week ahead also helped pressure the prompt and near months while LNG deliveries […]