Kore Energy

Gas Market: Front-month NBP rose 1.24p to 108.11p/therm Friday after reports of U.S. Navy destroyers being attacked in the Strait of Hormuz, though futures still fell over 6% on the week Gas Market: The next-week contract jumped 8.35p to 108.4p/therm as below-average temperatures are forecast to lift gas demand Gas Market: The first Qatari LNG vessel successfully transited the Strait of Hormuz over the weekend, offering some reassurance on supply routes Power Market: GB baseload futures rose in line with NBP gas, with the June contract settling at £92.35/MWh, while the day-ahead fell £2 to £103/MWh on stronger wind Power Market: Carbon was quiet, with Dec-26 EUAs edging up to €75.18/tonne and UKAs outperforming with a 2.9% gain to £50.23/tonne Oil Market: Brent crude settled up $1.23 at $101.29 on Friday after a brief 3% spike following U.S.-Iran air strikes, but still fell 6% on the week on ceasefire optimism Oil Market: China's April crude imports dropped 20% year-on-year to a near four-year low, Beijing forced to restrict refined fuel exports to protect domestic supply