Kore Energy

Gas Market: Hopes of new progress in the negotiations between the U.S. and Iran eased concerns over energy supplies yesterday and near NBP months fell by an average of 3.4% Gas Market: A Qatari spokesperson also indicated talks between representatives from Oman and Iran were in an advanced stage and raised expectations for the reopening of the Strait of Hormuz Gas Market: Prompt prices also eased on Tuesday with the Day ahead product closing 4.25p down Power Market: Near months for GB baseload power fell by an average of 2.5% on Tuesday as reports of negotiations between the U.S. and Iran eased supply concerns Power Market: Carbon EUAs added an average of 33 cent per tonne as buyers looked to auction results for direction Oil Market: Gains to crude oil prices were curbed by earlier hopes that Oman and Iran could be close to an agreement on the Strait of Hormuz Oil Market: Brent for October delivery was $1.19 higher at $88.91 a barrel, while WYI for September closed at $83.20, up $1.07 a barrel