Kore Energy

Gas Market: NBP jumped 4.13p to 120.83p/therm, it's highest since June 8th, after Qatar paused its Ras Laffan LNG restart following a Hormuz tanker attack Gas Market: The pause follows a week of Hormuz ship attacks, US strikes on Iran, and Iranian retaliation against US Gulf bases, further straining the ceasefire Gas Market: NBP day-ahead rose 4.12p to 121p/therm, driven by unplanned outages at Norwegian facilities, cutting upstream supply by 39mcm/day Power Market: GB baseload futures rose on Iran-driven gas gains, while prompt prices fell £4 to £117.50/MWh as renewable generation increased Power Market: EUAs held steady at €79.04/tonne, supported by firm gas but capped by caution ahead of the July 17th ETS reform package Oil Market: Inflation worries overshadowed Middle East supply risks, pushing Brent down $1.72 to $76.30/bbl despite the Iran-U.S. escalation Oil Market: Markets are pricing demand concerns over supply constraints, even as the Strait of Hormuz reopening remains delayed and the ceasefire is under strain