Kore Energy

Gas Market NBP futures opened softer on Thursday and losses were extended through to the afternoon but a late tick up in prices limited the decline on the day.  The new front month, December, traded to a low of 101.21p per therm before settling at 103.36p, posting a loss of 1.38p day-on-day.  The contract is […]

Gas Market  Gas prices tumbled on Wednesday as risk premium added for an escalation of the conflict in the Middle East fell away.  The front month, November, on its final day on ICE shed 4.62p per therm while futures for the remaining winter months fell by an average of 3.90p.  Forecasts for above seasonal norm […]

Gas Market Gas prices moved sideways on Tuesday following Monday’s decline. Opening in negative territory gas contracts appeared as if they would continue to fall following the change in the risk profile. With Isreal’s retaliation on Iran over the weekend not targeting energy infrastructure the risk premium that had built up in previous weeks looked […]

Gas Market A reduction in geopolitical risk premium on Monday saw NBP curve prices retrace some of Friday’s gains, while weakness across the wider energy complex also played into the downside. Near months fell by an average of just over 3.00p per therm, while the Q1 25 contract shed 2.84p day-on-day to end the session […]

Gas Market The GB gas system remained well supplied and ran with a surplus on Thursday despite outages at Sleipner and Oseberg. These outages impact gas supplies to the continent more so with up to 16mcm of capacity unavailable and pushed prompt and near futures higher yesterday.  Wind forecasts for the next week have been […]

Gas Market A rally in carbon EUAs mid-morning provided some upside to NBP futures yesterday while geopolitical risk also underpins the curve while the market awaits Israel’s response to the Iranian missile attacks.  The front month, November, settled at its highest point since the end of August yesterday, adding 1.79p per therm to close at […]

Gas Market An emergency halt to operations on the Norwegian Sleipner B platform gave support to NBP contract prices. It is anticipated that the outage at Sleipner B will be extended for a number of days although the loss of 7mcm/d is relatively small and will likely be substituted by supplies from other North Sea […]

Gas Market NBP prices opened in positive territory on Monday and continued to gain ground throughout the morning before starting to decline during the afternoon session. However, prices changed direction again before the close, with November-24 ending the day at a 2.16p per therm premium to the previous close. Ongoing gas shortages in Egypt were […]

Gas Market The NBP curve traded sideways on Friday, with contracts making modest losses by the close. MetDesk, who provide professional weather services for traders, revealed that they are expecting a warmer winter season for the UK, which fed downside into an otherwise fundamentally unchanged market. The front month contract fell by 0.61p to close […]

Gas Market  NBP futures recovered some of Wednesday’s losses yesterday as the markets failed to venture far from the mornings opening gambits. Near curve contracts edged around a penny higher from the get-go but couldn’t muster much momentum during the session and the front month settled a penny higher at 98.60p per therm. The remaining […]