Gas Market The news that the Austrian gas supplier, OMV, intends to recoup damages of €230m plus costs from Gazprom by nonpayment of invoices sent the gas markets reeling yesterday. The arbitration was awarded on Wednesday and the market fears Russian gas supplies will be cut if OMV suspend payments. The volume of imported gas […]
Kore Energy
The front month for the NBP, December, settled 1.65p per therm lower at 110.78p yesterday
Gas Market Weaker gas prices across Europe weighed on the NBP near curve and prompt yesterday. The front month for the NBP curve traded to a low of 108.00p per therm but failed to hold at that level and prices recovered through the afternoon session as December settled at 110.78p which is a decline of […]
The return to seasonal normal temperatures and reduced renewable power generation continues to support NBP gas prices
Gas Market Prompt prices were largely unmoved in trading Tuesday as the spot market settled flat to Monday’s close, while Day ahead increased by a mere 0.75 pence per therm. On the near curve the December contract settled at 112.87p/th, a premium of 1.87p/th to the previous close but 18% lower than year ago prices. […]
Volatility ensued across the NBP on Monday with notable gains exhibited on the prompt and near curve.
Gas Market Volatility ensued on the NBP prompt and near curve on Monday, with the front month contract trading a range of 6.03p per therm. More than 16.0% of natural gas output along the U.S. Gulf coast remained offline over the weekend in the aftermath of Hurricane Rafael, which may impact U.S. LNG exports into […]
Thursday’s gains continued into Friday with the biggest NBP increases observed across the prompt and near curve
Gas Market Forecasts for lower temperatures, high gas-for-power demand levels and an undersupplied system all conspired to drive up the Spot and prompt contracts on Friday, with the upside feeding into gains on the near curve as well. While high cloud cover continued to constrain solar output and low winds limit wind production, gas demand […]
NBP futures increased on Thursday as near months averaged gains of 2.22p per therm
Gas Market After a brief respite on Wednesday natural gas futures firmed yesterday with near months averaging gains of 2.22p per therm. The Summer-25 contract added 2.51p in response to gains across European markets as concerns of tightness of supplies for next summer grew. An unplanned outage at Oseberg pushed up prompt prices in the […]
The news that Donald Trump had regained the White House fed into early morning losses across the wider energy complex on Wednesday.
Gas Market The NBP Spot fell by 1.20p per therm day-on-day on Wednesday despite strong gas-fired power demand driven by low renewable production levels. An undersupplied system for much of the day also did little to stir upside. The Day ahead product posted a loss of 0.65p to settle at 101.50p per therm, with forecasts […]
The NBP curve traded sideways on Tuesday with fundamentals remaining little changed day-on-day.
Gas Market Like most other markets, NBP contracts moved sideways on Tuesday as participants awaited the outcome of the U.S. presidential election. The December-24 contract edged up by 0.23p to close at 102.69p per therm. Prices are tentative to how tropical storm Rafael is progressing, which has the potential to track to the eastern Louisiana […]
News that OPEC+ was delaying its anticipated increase in oil production pushed Brent Crude prices higher which in turn supported NBP gas prices
Gas Market Monday’s trading session was more evidence that crude oil and natural gas are making tentative steps back towards being increasingly correlated following the divergence in 2021 and the advent of the Energy Crisis. NBP Gas prices tracked bullish crude oil contracts higher as OPEC+ delayed its anticipated increase in production by a month […]
European gas prices fell sharply on Friday with December shedding a further 4.18p per therm
Gas Market NBP futures continued to fall further through Friday’s session with hopes that Ukraine was close to securing an alternate to the gas transit deal with Gazprom. The current supply agreement expires in December and Ukraine was reported to be negotiating with Azerbaijan for an alternative feed into Slovakia and Hungary. Currently only […]
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