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March 30, 2026

GAS

British near-term gas prices slumped week-on-week as UK Change in Gas Prices
gas system remains well supplied, with demand below 165
seasonal norms due to milder weather. Norwegian flows are 150
stable and LNG sendout remains solid. As a result, NBP spot 135
120
tumbled by about 11% for the week, closing at 134 105
p/therm. p/therm 90
75
60
Along the forward curve, the gas price for Sum-26 delivery 45
30
fell by about 9% for the week, in the absence of major new 15
0
drivers, though prices remain very sensitive to any Iran
conflict developments that could hint at further LNG supply Q2 26 Q3 26 Q4 26 Sum26 Win26 Sum27
20.03.2026 27.03.2026
cuts.

OIL

Brent crude finished the week largely unchanged, holding
near its highest level since July 2022. Brent
115
Attention remains firmly on the Middle East, with hopes of
a ceasefire or peace deal between Donald Trump and Iran 110
fading as Tehran continues to reject U.S. proposals.
Investor sentiment was unsettled by Iran’s stance, despite 105
limited tanker activity pointing to only a modest easing of $/bbl
export constraints. At the same time, fresh U.S. troop 100
deployments to the Gulf and renewed Houthi threats in the
Red Sea have further intensified geopolitical tensions. 95

90
Consequently, Brent crude rose by 0.3% to $112.57 a 20.03.26 23.03.26 24.03.26 25.03.26 26.03.26 27.03.26
barrel.