Kore Energy

Gas Market: UK wholesale gas prices eased further as steady LNG flows through the Strait of Hormuz and signs of improving geopolitical stability reduced near-term supply risk premiums. Gas Market: The Winter-26 contract settled at 102.03p/th on Thursday, down 1.54p, while front-month gas edged lower by 0.7% despite remaining more than 30% above pre-conflict levels. Gas Market: The day-ahead contract edged lower, though losses were limited by stronger gas-for-power demand amid rising cooling needs driven by high temperatures Power Market: GB baseload power prices were broadly rangebound as weaker NBP gas weighed on the curve, offset by strength in UKA carbon markets Power Market: EUAs eased following reports of potential MSR reform tightening, briefly pressuring prices Oil Market: Oil prices rebounded after a suspected attack near the Strait of Hormuz reignited concerns over the security of global crude supplies and tanker movements Oil Market: Brent crude settled at $75.26/bbl on Thursday, up $1.52, while the corresponding WTI contract gained $1.58 to close at $71.92/bbl