Kore Energy

Gas Market: UK wholesale gas extended gains on Wednesday as U.S.-Iran hostilities escalated further, pushing the geopolitical risk higher Gas Market: Strait of Hormuz transit has thinned since the conflict resumed, with the Houthi threat of a Saudi port blockade continuing to support supply concerns Gas Market: The front-month NBP contract added 6.86p to settle at 151.43p per therm, while the Day-ahead price rose 5.96p to 149.873p per therm Power Market: UK power continued its gains, tracking the upward movements in the UK wholesale gas markets Power Market: European carbon price edged up as the markets increasingly price in the structural changes to the ETS after Friday’s reform package Oil Market: The U.S.'s eleventh consecutive night of strikes on Iran, alongside the Houthi threat of a naval blockade in the Bab el-Mandeb strait, brought crude oil prices to a six-week high Oil Market: The front-month Brent contract hit an intraday peak above $95/bbl, contract settled at $94.07/bbl