Gas Market NBP contracts ended the week in volatile fashion on Friday. Early reports of an attack on energy infrastructure at the Sudzha gas transmission facility in the Kursk region dampened hopes of reduced fighting between Ukraine and Russia while also stirring concerns of a return of Russian gas flows into Europe via Ukraine in […]
Kore Energy
Price movements were mixed on Thursday across the NBP as the market remained tentative to geopolitical developments
Gas Market The NBP curve remained tentative to the ongoing negotiations surrounding a possible ceasefire between Russia and Ukraine on Thursday, however heightened attacks between the two over the past few days has done little to support hopes of peace any time soon. Choppy trade activity ensued, but despite the volatility the near months managed […]
Further uncertainty in energy markets caused gas prices to surge higher on Wednesday
Gas Market More uncertainty in energy markets drove gas prices higher on Wednesday as near months for the NBP curve settled an average of 6.13p per therm higher. The ceasefire agreement between Russia and Ukraine fell short of expectations and both sides accused each other of violation of the limited agreement within the first day. […]
NBP prices retreat after Russian agreement for 30-day reprieve for attacks on Ukrainian energy infrastructure
Gas Market Energy markets watched cautiously as U.S. President Donald Trump and Russian President Vladimir Putin held a phone call yesterday to discuss a potential ceasefire in the war in Ukraine. The call, which concluded later in the session, saw Putin agree to a 30-day ceasefire on energy infrastructure. This led to a late decline […]
NBP futures started the week in negative territory on Monday
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 […]
NBP forward prices retreat from early morning highs following Russia’s support for US-back temporary ceasefire
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 […]
Market prices remained highly sensitive to geopolitical headlines and trade-war fears on Wednesday
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 […]
NBP forward and prompt prices increase on the back of heightened geopolitical tensions and increased gas for power demand
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 […]
Last week’s volatility extended into Monday, with a combination of geopolitical headlines and mixed fundamentals driving upside across the NBP
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. […]
The NBP near months gained an average of 4.40p on Friday after Russian attacks on Ukraine energy infrastructure
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 […]
Archives by Subject: