Kore Energy

Gas Market: Near NBP contracts rose sharply in the afternoon on Wednesday as crude oil prices rose to new four-year highs following reports that the U.S. is to expand its blockade on Iranian ports Gas Market: The May contract on its last day of trading on the ICE platform settled 7.61p per therm higher at 116.02p while the June contract settled at 115.74p, up 8.37p Gas Market: Prompt prices tracked the near curve higher yesterday and the Spot and Day ahead products increased by 7.55p and 8.95p respectively Power Market: Geopolitical risk due to tensions in the Middle East drove energy prices higher on Wednesday and near baseload futures increased by an average of 4.2% Power Market: Robust wind generation and strong solar output weighed on the prompt yesterday Oil Market: Reports that the U.S. are considering broadening the blockade while peace talks remain stalled pushed Brent to a fresh four-year high yesterday Oil Market: The June contract for Brent added $6.77 to settle at $118.03 a barrel, the corresponding contract for WTI gained $6.95 a barrel, settling at $106.88