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October 13, 2025
GAS
British near-term gas prices climbed for the week amid Change in Gas Prices
disruptions to Ukraine’s gas infrastructure, predictions of 110
below-normal temperatures this month and a sharp decline
in renewable generation expected this week. As a result, 95
NBP spot rallied by 16% for the week, ending at 82 p/therm.
p/therm 80
Along the forward curve, the gas price for Sum-26 delivery
rose by 0.7% to 76.80 p/therm following reports that Russia 65
had again targeted Ukraine’s gas infrastructure, reducing
domestic output and boosting the country’s reliance on 50
Q1 26 Q226 Q3 26 Win26 Sum27 Win27
imports.
03.10.25 10.10.25
OIL
Oil prices fell amid concerns over slowing global demand
linked to U.S.-China trade tensions and optimism about a Brent
U.S.-brokered Israel–Hamas ceasefire that eased 67
geopolitical risks.
66
An oversupplied market, weaker investor sentiment, and a 65
larger-than-expected 3.7-million-barrel rise in U.S. crude 64
inventories added to the downward pressure. Demand $/bbl 63
growth remains sluggish, particularly in OECD economies
and China, while a stronger U.S. dollar made oil more 62
expensive for foreign buyers. 61
60
Overall, Brent fell 3% for the week, closing at $62.73 per 03.10.2025 06.10.25 07.10.25 08.10.25 09.10.25 10.10.25
barrel.
