Page 6 - MergedFile

April 6, 2026

GAS

British near-term gas prices tumbled over the week. Donald Change in Gas Prices
Trump appears keen to reach a quick deal with Iran to reopen 150
the Strait of Hormuz, despite his ongoing threats. Moreover, 135
temperatures in the UK are slightly above seasonal averages, 120
105
while Norwegian flows remain strong. As a result, NBP spot 90
fell by 6.5% for the week, closing at 125.25 p/therm. p/therm 75
60
45
Along the forward curve, prices saw a steep decline, with 30
Win-26 delivery contract slumping by 9% to 127 p/therm as 15
0
both the US and Iran signal willingness to engage in peace
Q3 26 Q4 26 Q1 27 Win26 Sum27 Win27
talks.
27.03.2026 02.04.2026

OIL

Oil prices fell over the week as expectations of a de-
escalation in the Iran conflict weighed on the market, after Brent
President Donald Trump signalled that the United States 115
could wind down its military campaign even without a
110
negotiated agreement. This eased fears of prolonged
supply disruptions, despite earlier concerns linked to 105
tensions in the Strait of Hormuz, a key transit route for $/bbl
global oil flows. The prospect of a shorter conflict and 100
reduced risk premium ultimately drove prices lower.
95
Consequently, Brent crude fell by over 3% for the week,
closing at $109.03 a barrel. 90
27.03.26 30.03.2026 31.03.26 01.04.26 2.0426 27.03.26