Kore Energy

Gas Market: Near NBP futures responded to increased tensions in the Strait of Hormuz after reports of clashes between Iranian fast boats and the U.S. Navy on Monday Gas Market: At the close, early gains to the near curve were partially reversed and the front months settled an average of 2.75p per therm higher Gas Market: While LNG supply flows remain constrained, scheduled maintenance at Kollsnes and Troll are due to end later this week, the works have curtailed Norwegian exports by up to 60mcm Power Market: Higher gas and carbon prices supported GB baseload futures on Tuesday as near months were assessed an average of £2.45/MWh higher at the close Power Market: Forecasts for falling wind generation added support to baseload prompt products Oil Market: Crude oil prices receded on Tuesday after the U.S. administration confirmed ceasefire is intact despite the clashes in the Strait of Hormuz on Monday Oil Market: The front month Brent contract for June delivery shed $2.23 on Monday to close out the session at $108.17 a barrel