Gas Market After the sharp declines on Thursday, the near NBP curve extended losses through Friday as fears of a global recession grew. The Chinese government announced reciprocal tariffs of 34% on U.S. exports on Friday increasing fears of a global trade war and the global markets contracted for a second day. Natural gas […]
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Energy prices remain under pressure this morning as the markets fear a tariff war will lead to demand destruction
Gas Market Having opened lower following Trump’s tariff announcements, NBP futures continued to extend losses through Thursday as fears of demand destruction grew. The front month, May, settled at 95.38p per therm having declined by 3.95p which was just below the average loss for the remaining summer months for the day. The Winter-25 contract yielded […]
Looming Trump tariffs weigh on Energy markets as NBP near curve contracts decline an average of 3.32p/therm
Gas Market European gas prices fell late in the session on Wednesday, as discussions continued around relaxing EU storage targets and the global demand outlook was rattled by U.S. President Trump’s Liberation Day announcement of reciprocal tariffs on a wide range of trading partners. The NBP front-month May contract settled down by 3.32p at 99.33p/therm, […]
Geopolitical events push NBP gas prices 4.69% higher
Gas Market NBP gas prices opened in negative territory, but the decline was short-lived as prices rebounded in the early afternoon and continued to rise, with the front-month contract settling 5% higher at 102.65p/th. The upward momentum was driven by two separate reports originating from Moscow. The initial price surge followed Russia’s announcement of its […]
European gas storage levels finish the winter period at 33.72%, compared to 58.72% last year
Gas Market European gas prices were mixed yesterday as the market awaited the outcome of the European Commission’s meeting regarding a proposed extension to gas storage filling targets, aimed at introducing greater flexibility. European storage levels closed the winter period with three consecutive days of net injections, bringing total storage to 33.72% full—significantly lower than […]
Near NBP natural gas futures ended the week an average of 0.46p lower on Friday
Gas Market NBP futures ended the week with a decline of around a half a penny on Friday as trading was subdued despite the expiry of three key contracts on the ICE platform. The front month, quarter and seasonal contracts finished up an average of 0.44p lower on Friday and down 4.69p for the week […]
Ongoing geopolitical tensions and uncertainty around the looming summer maintenance schedule supported the NBP curve on Thursday
Gas Market The NBP market edged up on Thursday, although the near months managed to stay below the 100p per therm mark for the most part. On its penultimate day of trading before it expires, the April-25 contract gained 0.35p to close the session at 99.35p per therm. Geopolitical tensions between Russia and Ukraine […]
Kore Energy Continues to Monitor Market developments
Market Development Manager John Drinan spoke with Minister for Climate, Environment and Energy Darragh O’Brien about the Irish energy market yesterday at the SEAI Energy Show.
NBP prices retreat after Russian agreement for 30-day reprieve for attacks on Ukrainian energy infrastructure
Gas Market UK gas prices were mostly negative again yesterday, as news of a U.S. brokered deal between Ukraine and Russia to pause attacks at sea and on energy targets initially provided bearish sentiment for the market. The front-month contract declined by 1.78p, settling at 99.00p/therm. However, further declines were limited after reports emerged just […]
NBP contracts retreated on Tuesday afternoon after news reached the market that a limited ceasefire between Russia and Ukraine had been reached
Gas Market NBP prices remained range-bound for much of the morning session on Tuesday before falling back in the afternoon after a limited ceasefire between Russia and Ukraine was announced. The U.S. reached separate deals with Ukraine and Russia to pause their attacks at sea and against energy infrastructure, renewing hopes that a lasting peace-deal […]
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