Kore Energy

Gas Market: British wholesale gas prices fell sharply on Wednesday after the U.S. and Iran agreed to a conditional two-week ceasefire Gas Market: The front month contract rebounded from an intraday low of 107.18p per therm as reports indicated that LNG cargoes had yet to resume transit through the strait Gas Market: The prompt market also moved lower, pressured by weakness along the near curve as well as bearish weather fundamentals Power Market: UK baseload curve products declined on Wednesday, tracking the downside exhibited by the UK gas market Power Market: Near curve weakness and well above average wind and solar production forecasts weighed on the prompt Oil Market: Oil markets were in decline on Wednesday after the U.S. and Iran agreed to a two-week ceasefire Oil Market: After reaching an intraday low of $90.40, the front month Brent contract ultimately closed at $94.75 a barrel, marking a day-on-day decline of $14.52