Kore Energy

Gas Market: UK gas prices push higher as U.S.-Iran conflict reignites, reviving fears of prolonged disruption to energy exports through the Strait of Hormuz Gas Market: Iran stated that it would reciprocate if the U.S. honoured its commitments to June’s memorandum of understanding that previously halted the conflict Gas Market: Front-month NBP contract up 13.47p to 178.29p per therm, prompt market followed with the Day ahead contract climbing 6.99p to 174.083p Power Market: GB baseload futures settled higher on Tuesday tracking the strengthening UK wholesale gas market Power Market: Day ahead power prices similarly showed increases due to the increasing geopolitical risk premium despite strong renewable production on the grid Oil Market: Crude oil prices settled to five-week high as renewed Middle East conflict stokes fears of prolonged Hormuz supply disruption Oil Market: Brent front-month rises $4.16 to settle at $94.65/bbl, WTI up $4.46 to $90.22/bbl