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Easing demand weighs on energy markets - 28-05-2021

UK gas and power prices moved downwards yesterday, and appear to be following the same trend today. Demand has finally eased off with the improved temperatures, along with 4 LNG cargoes arriving this weekend, to boost supply. Brent hit $70 briefly, boosted by demand recovery. It is however struggling for direction with Iran possibility supplying 3million/bpd onto the market with sanctions lifting.