Energy Markets Weekly: Warmer Weather, Softer Demand, and Fragile Gas Balances Shape the Summer Outlook

UK and continental energy markets have traded with modest firmness heading into July, with NBP front-month gas stabilising around 78p/therm. Power prices have rebounded from sub-£40 levels seen late June, lifted by gas-for-power demand as wind output declined temporarily.

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Energy Markets Weekly: Norwegian Tightness and Geopolitical Friction Bolster June Curves