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 […]
Kore Energy
NBP futures opened in bullish form on Monday after Friday’s heated meeting between Presidents Trump and Zelenskyy
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 […]
Strong selling activity on Friday weighed on NBP curve contracts, with the new front month contract falling by 2.29p per therm day-on-day
Gas Market A volatile week ended on a choppy note on Friday with NBP curve contracts opening above their previous close only to fall back later in the session. With April taking over as the front month, the contract closed the week at 104.83p per therm, down by 2.29p day-on-day on strong selling activity during […]
Wholesale gas prices recovered yesterday with March increasing by 8.01p on its final day
Gas Market British and European wholesale gas prices rebounded on Thursday due to technical buying and strong demand. On its final day of trading, the front-month NBP contract rose by 8.01p to 106.79p/th, more than recovering the previous day’s losses. Prices had dipped below the 100.00p per therm mark for the first time this […]
An afternoon slump on Tuesday saw near curve contracts go from spending much of the session 2p below Monday’s close, to settle more than 6p lower day-on-day
Gas Market An afternoon slump on Tuesday saw near curve contracts go from spending much of the session 2p below Monday’s close, to settle more than 6p lower day-on-day. Despite the intraday volatility, the NBP continued to shed risk premium in the face of a potential end to the Russia-Ukraine war. A milder outlook for […]
Monday saw early losses reversed as the wholesale gas market settles flat
Gas Market UK gas prices showed mixed movements yesterday, with the front-month contract hitting an intra-day low of 107.07p/th before closing the session up 0.50p at 112.83 pence per therm. Further along the curve, the Summer 25 contract followed a similar path, eventually settling up 0.19p at 112.93p/th. Meanwhile, the NBP Day-ahead price retraced some […]
Another choppy session on the NBP on Friday resulted in losses across the prompt and near curve, although direction was more mixed further out
Gas Market Another choppy session on the NBP curve on Friday ultimately resulted in most contracts finishing below their previous close. March-25 settled at 112.33p per therm, a loss of 1.22p day-on-day and down just under 10p week-on-week. The near months continued to fall on expectations that the war between Russia and Ukraine could end […]
March, the front month for the NBP, is down 20.01p over the last five days.
Gas Market UK gas prices turned negative again yesterday, with the front-month contract dropping by 1.43p to close at 113.55p per therm. Prompt prices also declined, as the Day-Ahead contract fell by 0.85p to 112.70p/th, driven by continued comfortable market fundamentals. The recent downturn in European gas prices is largely attributed to market speculation […]
NBP gas prices ended their recent decline following Zelensky’s comments
Gas Market The run of losses for UK and European gas prices which had brought prices down over 20p/therm since last Wednesday was halted late during yesterday’s session. The optimistic view that a ceasefire deal could lead to a return of Russian gas to the European energy market was dampened after Ukrainian President Zelensky postponed […]
With talks set to continue today regarding a potential peace deal between Russia and Ukraine, supply concerns continued to abate, weighing on NBP curve prices on Monday
Gas Market NBP prices had a choppy start to the week, with the front month contract oscillating above and below its previous close early on Monday morning. The market ultimately decided on a downward course with the March-25 contract falling by 6.54p per therm by the close. With talks set to continue today regarding a […]
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