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March 2, 2026

GAS

British near-term gas prices lost ground on a weekly basis Change in Gas Prices
amid an oversupplied system and forecasts pointing toward 110
milder weather. As a result, NBP spot declined by 0.7% for 95
the week, closing at 79.70 p/therm. 80
65
Along the forward curve, the gas price for Sum-26 delivery p/therm 50
increased by over 2% for the week, to end at 76.66 p/therm 35
after talks between the US and Iran ended without a decisive 20
agreement. Emerging reports indicate that Iran is reportedly 5
-10
declining to dismantle its nuclear assets. Q2 26 Q3 26 Q4 26 Sum26 Win26 Sum27
20.02.2026 27.02.2026

OIL

Crude oil prices rose over the week, hovering near their
highest level since July as geopolitical risks returned to the Brent
forefront, mainly due to uncertainty over United States– 73
Iran nuclear talks and fears of possible military escalation. 72.5
Indirect negotiations in Geneva ended without a deal, while
Washington authorized the departure of non-essential 72
embassy staff in Israel and deployed the USS Gerald R. Ford 71.5
strike group to the region. Still, underlying supply $/bbl 71
fundamentals continue to act as a counterweight.
70.5
Hence, Brent crude rose by 1% for the week, settling at 70
$72.48 a barrel.
69.5
20.02.26 23.02.26 24.02.26 25.02.26 26.02.26 27.02.26