Kore Energy

Gas Market The NBP gas market was choppy on Wednesday against the backdrop of Iran firing 200 ballistic missiles at Israel, Israel vowing retaliation and regular Israeli infantry crossing into Lebanon across the day. Despite the clear escalation of the conflict in the Middle East that had seen risk premium feed into gas prices over […]

Gas Market NBP futures opened softer on Tuesday with the front month trading down to 92.56p per therm before reports that Iran had launched air strikes on Israel came filtering through. The market appeared to have shrugged off Israels ground invasion in Southern Lebanon as near months shed up to 5.00p.  In the afternoon the […]

Gas Market The NBP Spot market was driven up on Monday as the GB system was expected to finish the day undersupplied as colder temperatures lifted domestic demand levels. The Within day contract posted the biggest gain of the day, increasing by 3.45p to end the session at 93.50p per therm. The upside fed into […]

Gas Market The strong presence of renewables in the power stack as well as increased pipeline imports from Norway encouraged the Spot market into negative territory on Friday. The Within day contract ended the session at 90.05p per therm, down 0.10p day-on-day. Further along the prompt however, forecasts of cooler temperatures for the week ahead […]

Gas Market The NBP gas market opened in negative territory on Thursday with all traded contracts exchanging hands below Wednesday’s close. October, the front month contract, traded as low as 88.10p/th as the market awaited news that Israel would conform with the proposal, led by the US, for a 21-day ceasefire with Hezbollah. The market […]

Gas Market An escalation in the conflict in the Middle East coupled with supply niggles supported natural gas prices across Europe on Wednesday. Hezbollah missiles targeting Tel Aviv were intercepted yesterday while Israel continued airstrikes on Southern Lebanon appearing to make way for a ground offensive.  On the supply side, the unplanned outages at Sleipner, […]

Gas Market  Following aerial attacks by Israel on targets in Lebanon the risk premium associated with an escalation of the conflict in the Middle East pushed NBP gas prices higher in Monday’s session. There are fears that an escalation could lead to attacks in multiple regions and impact gas supplies, most notably LNG cargos. Prices […]

Gas Market NBP prices rebounded on Friday after Thursday’s heavy losses, with near months averaging a gain of 3.08p per therm day-on-day. October-24 made the biggest day-on-day move, posting a 3.39p increase to end the week at 82.50p per therm. The Spot and prompt were supported by lower supplies into the UK via the Langeled […]

Gas Market Gas prices began the day in positive territory with markets supported by the exploding handheld communication devices in Lebanon as Israel continued its mission to allow residents return to its northern territories. Front month prices peaked at 88.04p/th before prices collapsed shortly after lunch. Unconfirmed news hit the market that Ukraine had reached […]

Gas Market NBP prices changed direction once again on Wednesday with contracts across the prompt and curve shedding modest value. Falling demand and improving supplies outstripped the impact of the return of pipeline exports to Belgium via the Interconnector with the GB system operating in a long position throughout the day. Both Within day and […]