Market Updates
June 16, 2026
Gas Market: UK gas prices fell steeply on Friday, with NBP front-month down 7.85p at 111.91p/therm as President Trump signalled an imminent U.S.-Iran deal
Gas Market: Losses were sharpest on the near curve, where a peace deal and reopening of the Strait of Hormuz would most directly reduce the geopolitical risk premium
Gas Market: Prompt prices were further pressured by improved Norwegian after an outage at Troll ended, pushing day-ahead down 8.45p to 113p/therm
Power Market: GB Baseload front-month fell £5.25 to £98.30/MWh on Friday, tracking gas lower on U.S.-Iran peace deal optimism
Power Market: Day-ahead rebounded 37% to £109/MWh as wind forecasts were revised down for the week
Oil Market: Brent crude settled at $87.33/bbl on Friday, down 3.37% on the day and $5.76 on the week, hitting its lowest since early March
Oil Market: Prices fell as traders grew confident a U.S.-Iran peace deal was close, with a proposed agreement to reopen the Strait of Hormuz easing supply concerns
Kore Energy
Our Services
Kore Energy delivers a comprehensive range of market leading energy consulting services. Our market leading energy procurement, risk management, renewable energy management, market intelligence and carbon management services ensure that all aspects of your energy purchasing requirements are catered for.
Kore Energy
Unit 3/4 Ballisk Business Court, Beaverstown, Donabate, Co. Dublin, K36 W285, Irlanda
Mon - Fri - 9:00 - 17:30
Contact Us
Call Us
+353 (0)1 808 5555
Email Us
enquiries@kore.ie
Find Us
Open in Google Maps
Contact Us
Call Us
+353 (0)1 808 5555
Email Us
enquiries@kore.ie
Find Us
Open in Google Maps
Kore Energy
Unit 3/4 Ballisk Business Court, Beaverstown, Donabate, Co. Dublin, K36 W285, Irlanda
Mon - Fri - 9:00 - 17:30