Kore Energy

Gas Market After spending much of Wednesday’s morning session in positive territory, NBP curve prices began to fall back in the afternoon. Despite the US – Japan trade agreement reached late on Tuesday providing a somewhat renewed economic outlook, markets remained tentative to the ongoing US – EU trade negotiations. Meanwhile, peace talks between Russia […]

Gas Market With market fundamentals largely unchanged on Tuesday, NBP curve movements were muted. Donald Trump’s August 1st deadline continues to hang over markets, with prices awaiting direction depending on the outcome of talks. Meanwhile, European storage levels continue to edge up, currently sitting at 65.4% full, 17.7% lower than this time last year. Despite […]

Gas Market NBP gas prices traded within a narrow range for most of Monday as the market assessed steady weather forecasts and gas-for-power demand. However, prices softened late in the session following analyst reports suggesting the EU is on track to meet its October 1st gas storage target, supported by reduced Chinese LNG demand. Chinese […]

Gas Market After opening in positive territory, the NBP curve edged down on Friday, with the near months ending the session down 2.2% day-on-day. The front month contract spent some time at sub-80.00p, before closing at 80.14p per therm, down 1.95p day-on-day and 6.0% down week-on-week. A rise in flows into the U.K. via the […]

Gas Market NBP gas prices declined on Thursday, reversing the previous day’s gains as Norwegian supply rebounded. Flows through the Langeled pipeline were revised up by 26 mcm/d following a sharp drop caused by an unplanned outage at Nyhamna. The front-month August contract fell by 1.58p to settle at 82.09p/therm, while the Day-Ahead contract also […]

Gas Market The NBP near curve posted modest gains on Wednesday, retracing a portion of Tuesday’s losses. Front month gains were more pronounced than the rest of the near curve, with the August 25 contract increasing by 1.35p to close at 83.67p per therm. Further heatwaves across the Continent remain a risk and could pull […]

Gas Market NBP gas prices eased on Tuesday, with contracts continuing to trade within the 80–85p/therm range seen since the Iran-Israel ceasefire in late June. The front-month August contract fell by 2.93p to 82.32p/therm as the forward curve remains sensitive to geopolitical developments, with markets closely monitoring U.S. President Trump’s proposed sanctions on Russian. A […]

Gas Market The threat of 30% trade tariffs on EU exports to the U.S. was largely shrugged off by the gas markets on Monday. The NBP curve opened firmer at the start of the week but gains for the front months were pared back to an average of 0.10p by the close.  Reports of higher […]

Gas Market On Friday near NBP futures ticked up by around a penny which was a modest increase for the day but brought average gains for the week to 4.50p per therm. While Europe’s storage levels have recovered to above 62%, there are concerns that reinjecting over the summer to meet targets could inflate prices.  […]

Gas Market UK gas prices moved higher yesterday, with the front-month August contract rising by 2.17p to settle at 84.20p/therm and the Summer 2026 contract gaining 1.3p to close at 85.04p/therm. The gains were driven by ongoing heatwave fears, which are expected to boost demand for cooling and overall energy consumption, as well as the […]