Energy Markets Weekly: Norwegian Flows Stabilise, but Storage and Sanctions Dominate Outlook

UK and continental energy markets ended the week with moderate bearish retracements. NBP Day-Ahead fell to 85.80p/therm as Norwegian volumes returned following extensive planned maintenance at Kollsnes and Troll. UK baseload prices, however, edged higher on Friday as wind generation output dipped again and cooling demand remains uncertain amid continued below-normal temperatures.