Gas Market After a low-key start to the day NBP futures did edge lower gradually but not without some fluctuations on the way down on Thursday. Trump’s increased trade tariffs on India were largely shrugged off, but the market also watched for news of a potential meeting with Presidents Putin and Zelenskyy which could lead […]
Kore Energy
Brent fell to a two-month low after uncertainty from the Trump administration
Gas Market Donald Trump’s threat to impose secondary tariffs on India and China for purchasing energy from Russia weakened the energy markets on Thursday. In a post Trump said he would introduce an additional 25% trade tariff on India, which would bring the rate to 50% for goods imported from India. NBP futures had […]
NBP Gas Rangebound While GB Baseload Day Ahead Power Spikes on Lower than Forecast Wind Generation
Gas Market NBP gas prices were little changed on Tuesday, with the market remaining rangebound amid stable fundamentals and muted sentiment. The front-month September contract edged up by 0.27p to settle at 84.86p/therm, while further along the curve, the Summer-26 contract slipped by 0.07p to 83.6p/therm. Support for the front month came as Norway’s gas […]
NBP curve contracts clawed back some of Friday’s losses yesterday, with ongoing concerns surrounding Donald Trump’s recent threats to impose further sanctions on Russia and its energy buyers providing the upside
Gas Market NBP curve contracts clawed back some of Friday’s losses yesterday, with ongoing concerns surrounding Donald Trump’s recent threats to impose further sanctions on Russia and its energy buyers providing the upside. The front month contract edged up by 0.71p day-on-day to end the session at 84.59p per therm. Progress in terms storage levels […]
Gas and Power Prices Hold Firm While Oil Slips on Tariff Deadline and Economic Uncertainty
Gas Market NBP gas prices were steady on Thursday as market participants weighed tariff-related uncertainty and its potential impact on broader economic conditions. The new front-month contract rose slightly by 0.51p to settle at 86.84p/th, while the Winter-25 contract edged up just 0.13p. An unplanned outage at Norway’s Karsto gas processing plant reduced flows by […]
Risk premium added for potential LNG disruption in the Pacific was quickly unwound on Thursday
Gas Market The early pattern of oscillation between gains and losses for near month futures on the NBP curve continued through the session as the market wrestled to find direction on Wednesday. It was the last day for buying the front month, August, on the ICE platform and the contract ended the day a […]
NBP gas prices posted a third consecutive day of gains on Tuesday, with the near months up by an average of 3.6% on heightened geopolitical tensions.
Gas Market NBP gas prices posted a third consecutive day of gains on Tuesday, with the near months up by an average of 3.6% on heightened geopolitical tensions. The market was supported by U.S. President Donald Trump’s renewed pressure on President Putin, threatening secondary sanctions on Russia unless progress towards an end to the war […]
NBP Gas Rebounds on Monday Amid Trade Deal Optimism and Geopolitical Tensions
Gas Market NBP gas prices eased in early trading, pressured by strong Norwegian flows and the market reaction to the announcement of an EU-U.S. trade deal. While agreement allays fears of an escalating trade war, it includes a 15% tariff on U.S. imports on most EU goods, significantly higher than the effective rate of 2.5% […]
Near NBP months settled with modest gains on Friday
Gas Market After a relatively subdued week, very little changed in the gas markets and near futures settled just over a penny higher on Friday. The August contract settled at 79.06p per therm which was towards the lower level of the price range for the front month during July. The low for the contract […]
NBP Contracts Soften as LNG Flows Shift to Europe and Storage Gap Narrows
Gas Market Near-curve NBP gas prices eased on Thursday, with the front-month contract slipping as market confidence grew around the EU’s progress toward meeting its winter storage target. In contrast, contracts further along the curve were supported by strong gains in carbon markets. Although European gas storage remains 17.33% below 2024 levels, the gap has […]
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