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December 08, 2025

GAS

British near-term gas prices saw another week of steep Change in Gas Prices
losses, dragged down by continuously mild weather 110
forecasts, low demand and healthy LNG imports. As a result,
NBP spot plummeted by 10% for the week, ending at 67.80 95
p/therm.
p/therm 80
Along the forward curve, the gas price for Sum-26 delivery
tumbled by 4% for the week, closing at 64.84 p/therm as the 65
market remains focused on the abundant supply situation,
with consistently high LNG imports, which completely 50
Q1 26 Q226 Q3 26 Win26 Sum27 Win27
overshadows the fact that storage levels are currently below
28.11.25 05.12.25
average.

OIL

Oil prices rose for the second consecutive week, driven by
increasing expectations of U.S. Federal Reserve rate cuts Brent
that could boost economic growth and energy demand, 64
while geopolitical tensions threaten to limit supplies from
Russia and Venezuela. The deadlock in the peace talks 63.5
between Russia and Ukraine and Putin's aggressive stance
lent further upward pressure. 63
$/bbl
Hence, Brent crude increased by 0.9% for the week, 62.5
settling at $63.75 a barrel.
62

61.5
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