Kore Energy

Gas Market: Hopes of a return to negotiations between the United States and Iran weighed on UK wholesale gas prices on Monday Gas Market: The front month NBP contract opened at its intraday high of 199.06p before falling steadily to settle at 181.06p per therm, its lowest close in more than two weeks Gas Market: Prompt prices shrugged off higher gas-for-power demand forecasts, and instead leaned into the downside driven by the near curve's decline and above normal temperatures Power Market: Weakness across the UK gas markets on Monday fed into losses along the GB baseload curve Power Market: The front month contract fell by £11.00/MWh to settle at £142.75/MWh, while the Winter 26 contract shed £10.35/MWh Oil Market: Increased optimism over potential diplomatic progress between the U.S. and Iran, as well as increased Saudi oil exports, weighed on crude oil prices on Monday Oil Market: After spending much of the session below $100, the front month Brent contract settled at $100.34, its lowest settlement in almost two weeks