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August 18, 2025

GAS

British near-term gas prices fell over the week amid strong Change in Gas Prices
LNG imports into Europe, high storage levels, and hopes of a 110
potential ceasefire or peace deal in Europe. As a result, the
NBP spot price declined by around 3% for the week, settling 95
at 75.10 p/therm. p/therm
80
Further along the curve, the Winter-25 contract dropped by 65
about 5% to 83.97 p/therm, pressured by prospects of
progress in US–Russia talks over the Ukraine war.
50
Q4 25 Q1 26 Q2 26 Win25 Sum26 Win26
08.08.25 15.08.25

OIL

Crude oil prices fell last week as markets positioned ahead
of the high-profile Alaska summit between U.S. President Brent
Donald Trump and Russian President Vladimir Putin. The 70
meeting, expected to focus on a potential Ukraine ceasefire,
69
led traders to weigh broader geopolitical implications for
global oil supply. Additional pressure came from weak 68
Chinese economic data, which fueled concerns over future 67
demand from the world’s second-largest crude consumer. $/bbl 66

As a result, Brent crude slipped by 1% for the week, settling 65
at $65.85 a barrel. 64

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