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October 6, 2025

GAS

British near-term gas prices tumbled last week, weighed by Change in Gas Prices
stronger Norwegian flows, mild weather forecasts, and a lack 110
of major geopolitical risks.
Consequently, NBP spot plummeted by over 12% for the 95
week, ending at 70.66 p/therm on Friday.
p/therm 80
Along the forward curve, the gas price for Win-26 delivery
shed by about 4% for the week, to close at 84.39 p/therm as 65
storage levels remain strong.
50
Q1 26 Q2 26 Q326 Sum26 Win26 Sum27
26.09.25 03.10.25

OIL

Brent crude recorded its largest weekly decline in more
than three months as focus shifted to the upcoming OPEC+ Brent
meeting. 71
70
Rising oversupply concerns and expected OPEC+ 69
production hikes, along with slower refinery runs and 68
seasonal demand drops, are boosting global oil stocks. 67
Analysts warn this could push the market into a significant $/bbl 66
surplus in Q4. However, EU sanctions may add limited 65
64
volatility.
63
62
As a result, Brent crude slumped by 8% for the week,
61
closing at $64.53 a barrel on Friday. 26.09.25 29.09.25 30.09.25 01.10.25 02.10.25 03.10.25