Kore Energy

Gas Market: A lack of progress in diplomatic efforts to resolve the conflict between the U.S and Iran and reopen the Strait of Hormuz supported gas prices on Monday Gas Market: With shipping through the Strait remaining heavily restricted, the front month contract posted a 1.31p increase to end the session at 152.54p per therm Gas Market: The prompt market displayed more pronounced gains, with the Day ahead contract rising by 3.70p day-on-day to settle at 152.70p per therm Power Market: Waning optimism for an imminent agreement to reopen the Strait of Hormuz lifted GB baseload future contracts on Monday Power Market: The front month contract rose for a fourth straight session to close at £125.00/MWh Oil Market: Concerns over deeper supply disruptions and bullish rhetoric from both the U.S. and Iran drove crude oil prices higher on Monday Oil Market: The front month Brent contract for October delivery gained $2.35 day-on-day to settle at $90.87 a barrel, its highest close in over 3 weeks