Kore Energy

Gas Market The gas markets across Europe remained on edge yesterday as talks continued between unions and management to prevent industrial action at Chevron’s LNG plants in Australia.  NBP futures traded back and forth through the morning session, but it was the front month that experienced the most volatility as October traded between a high […]

Gas Market Tuesday saw prices take stock of Monday’s sell off as a choppy market closed the session with minor increases across the board for all forward contracts. The market fell in early trading as the sell off looked likely to continue across the day. However, news reached the market by lunchtime that the strike […]

Gas Market It was another volatile session for the NBP futures market but the swings in natural gas futures prices were not as wide as was witnessed on Wednesday. The threat of striking action by workers at Australian LNG facilities rippled through the European energy markets on Wednesday creating fears that LNG tankers bound for […]

Gas Market NBP futures had one of their most volatile days in 2023 as workers at Woodside Energy Group and Chevron’s liquefied natural gas (LNG) facilities in Australia voted to strike on Wednesday, which could lead to a more competitive market for global LNG. Collectively, monthly exports from the facilities equate to around 11% of […]

Gas Market NBP futures flip flopped between positive and negative territory throughout the day, with most contracts settling relatively flat over the session. European Storage levels are in a healthy position for this time of year at 90%, however there is concern in the market that there could be additional delays to upcoming planned maintenance […]

Gas Market The Norwegian Troll field returned to production following unplanned outage last week, however prices reversed Friday’s losses as contracts out to Summer-24 all gained in value. Traders were eyeing further upcoming scheduled maintenance at the end of August that will extend into September which helped support the prices. The September contract gained 3.56p […]

Gas Market As the market remained optimistic of Nyhamna’s imminent return, gas prices continued to topple for the second consecutive day. The front month August was the only contract on the curve to trade in positive territory as it briefly exchanged hands at 74.57p in late morning trading before the downward pressure returned. The contract […]

Gas Market A clear downward trend was witnessed in the UK gas market yesterday, as risk premium unravelled from the front. The front month contract August-23 displayed the largest daily price movement in over 15 sessions, shedding 8.33p to settle at 73.53 pence per therm. Market sentiment remained focused on Norwegian gas flows. With the […]

Gas Market NBP futures opened firmer on Friday and after some relinquishing of early gains prices resumed an upward trend in the afternoon as near contracts settled higher by an average of 2.75p per therm.  The August contract added 2.61p to settle at 81.86p while over the week the front month declined by almost 10.00p.  […]

Gas Market There was limited price movement in the NBP market yesterday with prices over the whole curve trading in very tight ranges as there was little change in market fundamentals. There are high storage levels for this time of year but LNG sendout has been low recently and the extended maintenance in Norwegian gas […]