Kore Energy

Gas Market For the majority of the day the market was benign remaining flat day on day with little to no movement. However, just before settlement the market sparked into life with all traded contracts reaching their intraday high. The front month, July, eventually settled at 85.16 pence per therm, and increase of 5.43p day […]

Gas Market Forecasts for wind generation were increased for the start of the week and combined with ample supplies of LNG pressured the NBP prompt and near futures.  The day ahead price shed 3.65p on the day while the balance of month contract settled 6.15p lower.  The June contract closed 4.82p down at 75.93p which […]

Gas Market UK gas front months slump lower yesterday, while some further dated contracts move in the opposite direction. Losses on the front curve were attributed by significant storage levels and ample supply, as prices begin to align more closely with the underlying fundamental factors. The front month contract June settled at 80.56p per therm, […]

Gas Market Following the long weekend in the UK, early trading was thin with the front month opening strongly, up by over two pence per therm on expectations of lower wind generation. However, a choppy session saw prices across the curve fall in the late morning before reversing course in the late afternoon. Forecasts of […]

Gas Market Risk premium continued to fall from the front of the NBP curve during yesterday session, marking four consecutive days of losses in the gas market. One significant factor contributing to this bearish trend is the recent decrease in Asian LNG prices , which have hit their lowest levels since May 2021. This has […]

Gas Market The downward trend on the near curve continued unabated on Tuesday as all contracts posted losses following the extended weekend. June, the new front month, gave up 3.13 pence per therm closing at 85.36p. Expected LNG deliveries remain elevated, while the outlook for Norwegian supplies remains healthy. Storage levels are currently at almost […]

Gas Market The recent sideways movement continued in the NBP gas markets on Friday with early gains being pared back or reversed by the close of play.  The front month, May, settled 049p up at 96.09p to bring the week’s decline to 2.37p.  The front winter contract was almost flat at 143.72p on Friday while […]

Gas Market For the third consecutive session, UK gas prices declined on Thursday, the final day of trading before the Easter holidays. The market’s direction during the opening hours of trading was unclear due to the extremely thin liquidity. Nevertheless, as the day progressed, it became apparent that prices were continuing to retreat, following robust […]

Gas Market UK gas prices initially opened higher on Wednesday, but then reversed to turn negative as the fundamental picture was evaluated. Demand weakness persists across Europe, while risk premium resulting from French strikes and weather concerns has eased and as a result the market appears to be correcting itself. The front month contract took […]

Gas Market UK gas prices continued their downward trend on Friday, with contracts across the curve settling lower for the second consecutive session. Despite the forecast of cold weather, it seemed to have no impact on the gas market as near term fundamentals remain strong. The front season, Summer 23 settled at 115.28p, a price […]