Kore Energy

Gas Market: UK wholesale gas prices fell sharply on Tuesday, with the front-month NBP contract declining 8.10p to 209.36p/therm, having traded above 220p/therm earlier in the session Gas Market: Prices declined following reports of renewed mediation efforts between the US and Iran, raising hopes of de-escalation Gas Market: Losses were partly reversed after Iran reiterated that negotiations with the US would not begin until its previously stated conditions had been met Power Market: GB baseload power prices followed gas lower on Tuesday, with the front-month contract falling £3.25 to £165.50/MWh Power Market: Stronger wind generation helped push day-ahead prices £6.85 lower to £170.65/MWh Oil Market: Brent crude settled $0.76 lower at $108.79/bbl on Tuesday, having earlier reached a five-month high of $111.99/bbl amid continued tensions in Middle East Oil Market: Prices retreated late in the session following reports of renewed diplomatic efforts between the US and Iran, although details of a potential compromise proposal remain unclear