Kore Energy

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 […]

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 […]