Kore Energy

Gas Market: UK NBP was mixed, with front-month June-26 up 1.75p at 116.78p/therm while further-dated contracts fell, potentially signalling storage hedging Gas Market: EU storage sits at 35.57%, well below last year, with the bloc targeting 90% by November though flexibility toward 80% looks increasingly likely Gas Market: Asian LNG demand and Ichthys strike action tightened supply, while the day-ahead rose 1.21p to 120.2p/therm on colder weather and reduced Norwegian flows Power Market: GB baseload tracked the gas curve, with front-month June up 80p at £98.55/MWh while 2027-29 quarterly contracts fell Power Market: Carbon was muted, with the Dec-26 EUA up 1 cent at €75.08/tonne, though UK political turmoil added uncertainty to UK-EU carbon linking talks Oil Market: Brent crude settled marginally higher at $105.72/bbl as Hormuz transit numbers recover slowly, with only 30 of the typical 140 daily vessels crossing the strait Oil Market: U.S. and Chinese Leaders discussed the war in Iran during a state visit but did little to assuage supply concerns