Page 18 - Demo

GAS OIL Brent crude lost significant territory over the week, weighed down by oversupply concerns, rising OPEC+ output, and soft demand. Nevertheless, geopolitical tensions limited some of the losses. As a result, Brent crude lost 4.4% for the week, settling at $66.59 a barrel. August 11, 2025 50658095110Q4 25Q1 26Q2 26Win25Sum26Win26p/thermChange in Gas Prices01.08.2508.08.2565666768697001.08.2504.08.2505.08.2506.08.2507.08.2508.08.25$/bblBrentBritish gas prices fell last week due to strong storage, ample Norwegian supply, and higher North American LNG export. As a result, NBP spot lost 4.6% to end at 77.25 p/therm on Friday. Along the forward curve, the gas price for Win-25 delivery also dropped by 4.9% week-on-week, to settle at 88 p/therm.