Kore Energy

Gas Market: Growing optimism around the potential normalisation of Strait of Hormuz traffic weighed on the NBP curve on Monday Gas Market: The front month contract posted a 3.03p discount by the close to settle at 104.61p per therm, while Winter 26 closed at 109.03p per therm, down 1.95p day-on-day Gas Market: The prompt edged lower despite rising gas-for-power demand, weak wind speeds and surging cooling demand, with Day ahead declining by 2.29p Power Market: Losses across the UK gas market on Monday weighed on GB baseload curve contracts, with front month shed £0.90/MWh day-on-day Power Market: The prompt market was supported by forecasts for low winds and high cooling demand levels ahead of an impending heatwave Oil Market: OPEC+ output increases and recovering Strait of Hormuz exports weighed on crude oil prices on Monday Oil Market: The front month Brent contract shed 13 cents by the close to end the session at $71.99 a barrel