Kore Energy

Gas Market: UK NBP settled flat on the day at 120.82p/therm as early losses were reversed, with the day-ahead slipping 0.3p to 123p/therm on rising Norwegian flows and steady wind output Gas Market: Iran's Strait of Hormuz authority rattled gas markets, with Rubio warning it would make a diplomatic deal unfeasible Gas Market: EU gas storage at 37% is 13% below seasonal norms, with the anticipated LNG supply buffer now offset by war-related losses, putting replenishment firmly back in focus Power Market: GB baseload edged higher on gas gains, though the day-ahead fell as strong wind and solar offset weak nuclear output Power Market: Carbon markets are subdued ahead of the EU Commission's 2026 ETS Review, with Dec-26 EUAs settling 93c lower at €74.88/tonne Oil Market: Oil prices settled 2% lower Thursday as Iran-U.S. tensions flared over a new Strait of Hormuz authority and stalled negotiations, with Brent closing at $102.58 Oil Market: Supply concerns are mounting ahead of peak summer demand, with the IEA warning of supply tightness after a record U.S. inventory drawdown last week