Gas Market Ample risk premium fell out of the UK gas market during yesterday’s session as prices align with market fundamentals. It was near delivery contracts that took the brunt of the downward momentum, with the Dec-23 contract shedding 13.92p to settle at 124.07p. It appears European markets are struggling to price supply risk as […]
Kore Energy
Oil is set to increase for the second consecutive week with fears of contagion of the Israel-Hamas war in the region increasing
Gas Market Thursday’s gas market development was almost a declaration that price volatility is here to stay. In almost a complete replication of Tuesday’s price movements, the markets opened in negative territory with all contracts trading below, and substantially so in some cases, Wednesday’s close for much of the day before a late rally saw […]
NBP futures resumed their recent upward trend on Wednesday on concerns that the Israel-Hamas conflict will escalate to the wider Middle East region
Gas Market NBP futures resumed their recent upward trend on Wednesday on concerns that the Israel-Hamas conflict will escalate to the wider Middle East region after hundreds of people were killed in a blast at a Gaza hospital. Gains were capped at the front of the curve as news broke that industrial action at the […]
The risk of the Israel-Hamas war escalating to the wider Middle East region is increasing
Gas Market Gas prices for much of Tuesday’s session traded at a loss to Monday’s close as the market looked likely to continue its slide. The front month traded as low as 115.45 pence per therm before a brief recovery just after 2pm saw prices move back into positive territory trading in the 122p/th to […]
There’s still some volatility evident in the gas markets this morning
Gas Market There was a welcome fall in energy prices on Monday after the sharp gains recorded last week. NBP futures and prompt contracts yielded significant premium on the day as the healthy fundamentals weighed. GB gas demand rose due to a cool start to the week, but demand remained around 20mcm below the seasonal […]
The November futures contract for the NBP settled at its highest point since mid-June
Gas Market European gas prices continued to edge higher on Friday as the conflict in the Middle East along with potential strikes at Australian LNG plants propped up prices. The November futures contract for the NBP settled at 136.70p, its highest point since mid-June while the Summer added 3.90p to close at 141.15p. NBP futures […]
Potential risk’s outweigh current gas market fundamentals
Gas Market Natural gas prices in Europe reached a three-month high during yesterday’s session as the market reacts to potential issues rather than the current conditions. The factors which propelled yesterday’s prices included the Israel-Hamas conflict, potential labour strikes at vital LNG export facilities in Australia, and infrastructure vulnerabilities, including a suspected sabotage incident in […]
Energy markets have flipped again this morning with gas, oil and carbon all moving higher
Gas Market European gas prices eased on Wednesday as the markets corrected after two days of sharp gains. On the NBP curve, the November contract declined by 8.09p to close at 116.62p while Summer-24 settled at 125.01p, down 5.00p. Prompt prices were mixed with the Spot and Day ahead adding 5.00p and 4.55p respectively as […]
Gas prices continued their march higher
Gas Market Natural gas prices continued their upward trajectory on Tuesday as the market weighed up several issues and how they could impact supply and demand. At the forefront is the Israeli-Hamas War, and the potential for escalation in volatility in the Middle East. Adding price support is the shutdown of the Israeli domestic gas […]
After Monday’s volatile session, the gas markets are little calmer this morning
Gas Market Crude oil prices recovered some of the heavy losses made last week on Monday with the escalation of the conflict in the Middle East providing the lion’s share of support on the day. Prices did fall back from the intra-day highs which peaked around $4.50 a barrel above Friday’s close. Brent for December […]
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