Kore Energy

Gas Market As talks of a peace deal continued there was still a lot of uncertainty and UK wholesale natural gas prices ended the week higher.  Contracts covering the summer months added just shy of a penny on Friday bringing the week’s gain to an average 6.00p per therm while contracts past the summer posted […]

 Gas Market  UK gas prices fluctuated between negative and positive territory throughout much of the day on Thursday. A morning rally was driven by increased EU storage withdrawals and updated forecasts indicating that cold weather would persist longer than previously expected. The NBP front month contract made early gains reaching an intra-day high of 106.80p/th […]

Gas Market Market prices remained highly sensitive to geopolitical headlines and trade-war fears yesterday with choppy trade once again characterising the session. A proposed 30-day ceasefire in Ukraine hangs in the balance as the Kremlin said on Wednesday it was awaiting firmer details from Washington, with prices seemingly reluctant to fall by any meaningful degree […]

Gas Market  A late rally Tuesday saw European gas prices make notable gains from the previous session. Bullish sentiment was driven by heightened geopolitical tensions as the market awaited updates from the talks in Jeddah where Ukrainian and American officials met to negotiate a framework for a minerals deal and a ceasefire. The NBP front-month […]

Gas Market   A combination of geopolitical headlines and mixed fundamentals continued to drive volatility on the NBP on Monday. After opening the week at 94.66p per therm, the front month contract moved up through the morning and into the afternoon, eventually closing at 100.81p per therm, just 4 pence shy of the intra-day high. […]

Gas Market A highly volatile session for gas prices across the curve saw significant price swings. The NBP front-month contract hit intra-day lows of 88.71p and highs of 101.54p before settling at 97.70p/th, up 4.67p. This rebound in prices from multi-month lows was driven by reports on Friday morning of intensified Russian attacks on Ukrainian […]

Gas Market   Gas prices broke through the 100p resistance level yesterday, as the NBP front-month April contract plummeted by 7.07p to 93.03p/therm, its lowest settlement price since September 2024. This selloff, which drove prices to new five-month lows, was triggered by reports that EU leaders were considering the resumption of Russian gas transit via […]

Gas Market A choppy morning session across the NBP on Wednesday ultimately resulted in losses during the afternoon. Ongoing hopes of peace in Ukraine continued to feed downside into prices, while bearish Asian spot LNG costs also weighed on the market. Asian spot LNG prices declined sharply yesterday on high Japanese stocks and falling Chinese […]

Gas Market  NBP gas prices fell back into negative territory yesterday as above-average temperatures and strong wind generation contributed losses on the prompt. The Day-Ahead contract declined by 5.33p to 102.95p/therm. Meanwhile, gains from the previous session along the forward curve were erased following a White House announcement suspending military aid to Ukraine, which could […]

Gas Market Gas prices surged yesterday morning following a tense meeting between Trump and Zelenskyy on Friday. The meeting, initially expected to precede the signing of a minerals deal, instead cast further doubt on the likelihood of a ceasefire agreement. As a result, the front-month NBP April contract spiked to an intraday high of 112.50p/therm […]