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November 17, 2025
GAS
British near-term gas prices soared for the week as Change in Gas Prices
temperatures in the UK are starting to drop, with next 110
week’s forecasts indicating levels about 4°C below average.
As a result, NBP spot climbed by about 6% for the week, 95
closing at 80.75 p/therm.
p/therm 80
Along the forward curve, the gas price for Sum-26 delivery
slipped by 0.4% for the week, ending at 74.80 p/therm amid 65
abundant storage injections and generally plentiful LNG and
pipeline supplies. 50
Q1 26 Q226 Q3 26 Win26 Sum27 Win27
07.11.25 14.11.25
OIL
Crude oil prices increased last week, supported by rising
geopolitical tensions, discussions over U.S. fuel policy, and Brent
early signs of supply adjustments. The market reacted 65.5
strongly to a Ukrainian drone strike on Russia’s strategic 65
Novorossiysk export port, which temporarily halted 64.5
shipments and prompted Transneft to suspend pipeline 64
flows. 63.5
As a result, Brent crude rose by 1% for the week, to settle $/bbl 63
at $64.39 a barrel. 62.5
62
61.5
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