Gas Market Monday’s losses were mostly retraced on Tuesday with near months posting an average gain of 3.70p per therm. The front month traded a wide range of just under 5p, hitting an intra-day high of 85.54p per therm shortly before the close, before ticking back down to settle at 85.21p per therm. An escalation […]
Kore Energy
The restart of Norwegian flows via the Langeled pipeline helped to push down NBP prompt prices on Monday
Gas Market The return of Norwegian gas flows into the UK via the Langeled pipeline on Monday weighed on the NBP prompt. This boost in supply ensured the GB system ended the session long, with the Within day contract falling by 3.60p to close at 81.40p per therm. Meanwhile, Day ahead shed 4.20p per therm […]
Gas flows through Langeled have resumed this morning, pressuring gas prices lower
Gas Market Proceedings on the NBP gas market were best described as choppy on Friday as the front month ebbed and flowed across the session. The October contract opened above Thursday’s settlement and continued higher up until midday, trading up to 86.88p/th. However, prices were soon in decline and heading back towards Thursday’s settlement price […]
October, the front month for the NBP, settled at its lowest level since the end of July
Gas Market Natural gas futures on the NBP were back in decline on Thursday as the gains from the previous session were reversed. Futures had increased ahead of scheduled maintenance at several Norwegian gas fields which has been ongoing since the end of August and is due to start winding down over the next week […]
Following the large declines exhibited on the NBP on Tuesday, contracts corrected upwards yesterday, with near months averaging increases of 1.91p per therm.
Gas Market A portion of Tuesday’s losses were retraced on Wednesday with contracts across the NBP all edging up. The gains may have been somewhat of a market correction, while U.S. LNG supply risk due to Hurricane Francine as well as crude oil increases also fed into the upside on the curve. The NBP front […]
NBP gas contracts reverse the gains from the previous three sessions
Gas Market NBP gas prices tumbled across Tuesday’s session despite opening strongly and pushing higher in early morning trading. The front month season opened at 100.50p/th before reaching its intraday high of 101.00p/th, while the Oct-24 contract opened 1.49p/th higher than Monday’s settlement. However, NBP prices fell and continued to track lower from late morning […]
Gains to natural gas prices across the channel supported NBP prompt and futures
Gas Market European gas prices increased on Monday after an unplanned outage was called at the Dvalin field. Planned Norwegian maintenance has curtailed gas flows to Europe and the UK this month and while Gassco expect the outage to be resolved on Tuesday natural gas prices in Germany and the Netherlands ticked up. Prompt […]
NBP prompt and curve contracts edged up on Friday, although the front month contract still settled 8.65% lower week-on-week
Gas Market Thursday’s gains continued into Friday with increases seen across all NBP prompt and curve contracts. Despite the uspide, October-24 still finished 8.65% lower week-on-week, settling at 87.83p per therm on the day. Movement further out was more modest with Winter-24 and Winter-25 edging up by 0.36p and 0.10p per therm day-on-day respectively. Larger […]
October settled a penny higher having declined by over 10.00p per therm over the first three days of the week
Gas Market After three days of significant declines the NBP curve settled slightly higher on Thursday after buying activity centered around the front month and season. October shed over 10.00p per therm over the first three days of the week and after settling at a six-week low on Wednesday it was no surprise to see […]
The NBP completed a third straight day of declines on Wednesday with some of the biggest losses seen on the prompt market.
Gas Market The NBP completed a third straight day of declines on Wednesday with some of the biggest losses seen on the Spot and prompt. Despite changes being made to the Norwegian maintenance schedule on an ongoing basis, overall impact remains largely unchanged so far, with the GB system yesterday operating in a long position. […]
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