Gas Market Gas prices strengthened on Thursday, with the front month rising 1.98p to 81.50p/therm. Norwegian supply is expected to recover by the weekend with around 100mcm returning, though an unplanned outage at Troll has reduced flows via Europipe by 22mcm until the 20th. Prompt contracts also gained, as the day ahead climbed 2.45p, or […]
Kore Energy
There was little day-on-day movement seen on the NBP curve by the close on Wednesday with market fundamentals remaining stagnant.
Gas Market NBP prices continued to edge sideways on Wednesday with market fundamentals remaining stagnant amidst an uncertain geopolitical outlook and an otherwise stable supply scenario. The front month contract edged up by 0.22p to close at 79.52p per therm while the November contract closed flat against its previous close at 84.35p per therm. Despite […]
NBP gas prices remain rangebound as storage levels remain on track to reach 90% by the end of October
Gas Market The NBP market remains rangebound with limited drivers influencing price direction. Curve contracts drifted sideways, recovering some premium after Monday’s losses. The front-month, October, rose by less than 1% to settle at 79.30p/th, while the front-winter contract, expiring in under two weeks, gained 0.67p settling at 85.99p/th. European storage levels stand at 80.83%, […]
NBP Contracts Decline as Storage Builds and Norwegian Imports Remain Stable
Gas Market NBP gas prices eased on Monday, with the October front month settling 1.62p lower at 78.54p/th and Winter-25 down 1.17p at 85.33p/th. EU storage levels reached 80% of capacity over the weekend, supported by strong injections since April that have reduced the storage deficit versus the three-year average from nearly 20 bcm in […]
The NBP remained rangebound on Friday, with curve contracts retracing a portion of the previous days’ losses by the close.
Gas Market The NBP remained rangebound on Friday, with curve contracts retracing a portion of the previous days’ losses by the close. Market fundamentals remained largely unchanged, with European storage stocks standing at a healthy 79.87% while the supply picture is currently stable. The EU reaffirmed its intention to phase out Russian oil and gas […]
NBP Gas Prices Ease as Higher Storage and Strong Wind Offset Geopolitical Risk
Gas Market NBP gas prices eased on Thursday as risk premiums from Russia’s drone incursion into Poland faded and European storage levels continued to climb, reaching 79.87% full. The front month fell 1.87p to 79.22p/therm, while the Day-ahead dropped 2.54% to 78.6p/therm amid stronger wind generation. Norwegian flows remained steady despite ongoing maintenance, while UK […]
Trade was choppy across the NBP gas market on Wednesday, with many curve contracts fluctuating above and below their previous close.
Gas Market Trade was choppy across the NBP on Wednesday, with many curve contracts fluctuating above and below their previous settlements throughout the session. Ultimately, prices remained flat day-on-day as the market appeared unperturbed by heightened geopolitical tensions driven by Israel’s airstrike targeting Hamas leaders in Qatar as well as the large-scale drone attack by […]
Strong fundamentals weighed on gas contracts in early trading before Israel’s attack on Doha spurred curve prices higher
Gas Market For much of Tuesday’s session, the NBP market looked poised to reverse Monday’s gains, with early trading weighed down by strong fundamentals. The Winter-25 contract dipped to an intra-day low of 85.09p/th, pressured by robust European gas storage levels now at 79.63% full and muted demand amid above-average wind generation in GB. However, […]
Energy Markets Rally as Gas, Power, Carbon, and Oil Prices Strengthen on Supply Constraints and Geopolitical Risks
Gas Market NBP gas prices firmed on Monday, supported by forecasts for lower wind output and ongoing maintenance at Norwegian facilities. The front-month October contract rose 3.13p to 81.02p/therm, while the Day-Ahead gained 4.03p, or 5.3%. In wider developments, Hungary is preparing to sign its longest-ever Western gas supply deal, potentially signalling reduced reliance on […]
The absence of any significant price drivers was reflected in the near curve of the NBP on Friday
Gas Market The gas system recovered from an early deficit on Friday and with forecasts for wind expected to pick up, prompt prices for the NBP edged lower. A subdued opening to the futures market saw NBP futures remain within a half a penny of the previous close until midway through the session. The front […]
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