Page 26 - MergedFile

September 15, 2025

GAS

British near-term gas prices moved upwards for the week, Change in Gas Prices
supported by rising residential demand amid cooler 110
temperatures and increased reliance on gas-fired generation
during periods of low wind. Ongoing maintenance has 95
continued to constrain Norwegian gas flows to both the UK
and Europe. As a result, NBP spot increased by 2% for the p/therm 80
week, trading at 79 p/therm.
65
Along the forward curve, the gas price for Win-25 delivery
50
rose by 1.7% week-on-week, closing at 86.50 p/therm amid
Q1 26 Q2 26 Q326 Sum26 Win26 Sum27
worries about potential disruptions from geopolitical
05.09.25 12.09.25
tensions.

OIL

Crude oil prices gained momentum over the past week,
mainly amid worries about potential disruptions from Brent
geopolitical tensions. A Ukrainian drone strike hit Russia’s 68
Primorsk terminal, raising supply concerns. Tensions grew
as Poland disputed Trump’s claim of an accidental airspace 67
breach and sought extra defense systems, while the EU
reaffirmed its 2028 Russian oil and gas phase-out and Japan $/bbl 66
cut its Russian crude price cap to $47.60 a barrel.
Consequently, Brent crude increased by over 2% for the 65
week, settling at $67 a barrel.
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05.09.25 8.09.25 09.09.25 10.09.25 11.09.25 12.09.25