Kore Energy

Gas Market: NBP gas contracts retreated from early highs on Thursday, with the June-26 front-month settling down 2.86p at 112.88p/therm and the front winter contract shedding 2.8p to 115.3p/therm Gas Market: Early session gains were driven by Strait of Hormuz tensions and reports of further U.S. military action against Iran, raising fears of fresh LNG supply disruption Gas Market: Bearish weather forecasts, with temperatures expected to average 14.5°C for the remainder of the week, pushed the day-ahead contract down 2.4p to 111.8p/therm Power Market: GB baseload prices tracked gas lower, though the day-ahead contract gained 84.4% on the day to £97.25/MWh as wind generation collapsed from 18GW to 5.76GW Power Market: Dec-26 EUAs settled up 0.8% at €73.79/tonne amid steady buying, with UKAs tracking European carbon moves through the session Oil Market: Oil prices retreated from a four-year high of $126.41 as U.S.-Iran war fears stoked supply disruption concerns, with the June contract expiring at $114.0/bbl Oil Market: Limited tanker traffic through Strait of Hormuz remains dominant supply risk factor, overshadowing UAE exit from OPEC