Energy Market Update - 30 January 2026
European gas and power prices pushed higher again as colder weather forecasts and rapidly falling storage projections kept risk premia elevated, while carbon eased on profit-taking and oil strengthened on renewed US-Iran tensions.
Energy Market Update - 29 January 2026
Near-curve risk premia eased as US LNG feedgas recovered, while softer demand expectations and stronger wind forecasts pulled prompt gas and power lower; oil rose above $70/bbl on fresh Iran-related tensions.
Energy Market Update - 28 January 2026
European gas and power softened as the US freeze-driven rally faded, weather models shifted milder, and UK wind output surged, cutting thermal demand despite a year-on-year storage deficit.
Energy Market Update - 27 January 2026
Prices reversed lower as milder demand forecasts and improving wind outlooks loosened the near-term balance, despite ongoing concern about US LNG feedgas disruption and a continued geopolitical risk premium.
Energy Market Update - 26 January 2026
Gas and power rose on the prompt as a US cold snap squeezed LNG availability; softer curves and drifting carbon tempered gains, while low European storage maintained a supportive tone.
Energy Market Update - 23 January 2026
European gas prices fell back as fears of major US LNG disruption eased and forecasts shifted towards near-seasonal temperatures across north-west Europe. UK power curves softened in step with gas, while carbon firmed and oil recovered late on renewed Iran-related tension.
Energy Market Update - 22 January 2026
Gas prices jumped sharply as unplanned Norwegian outages tightened supply, while freezing weather supported a broader global gas rally. Power was mixed on stronger wind, but forwards rose with gas and carbon.
Energy Market Update - 21 January 2026
European energy markets were mixed: gas steady-to-softer, UK power eased with stronger wind, while EU carbon fell roughly 4% amid US–EU tariff fears and milder early-February forecasts.
Energy Market Update - 20 January 2026
Gas and power steadied after Monday’s correction. Colder runs and firm Norwegian and LNG flows balanced the picture. UK system opened long, with rising wind set to curb gas-for-power.
Energy Market Update - 19 January 2026
Energy markets opened sharply lower as milder weather forecasts unwound last week’s cold-driven rally; gas led the move, pulling prompt power down, while tariff headlines and softer carbon added to the bearish tone.
Energy Market Update - 16 January 2026
Front end gas and power firmed on colder runs and weaker wind, then eased this morning as forecasts moderated. Storage draws continue. Norwegian and LNG supply stay supportive.
Energy Market Update - 15 January 2026
Gas and power markets firmed on colder late-January forecasts and sustained storage withdrawals, despite strong LNG arrivals. UK power spot eased, but forwards followed gas higher. Oil, carbon and freight reflected shifting geopolitical risk.
Energy Market Update - 14 January 2026
Gas and power rose as cold weather and storage draws tightened balances. Iran-related tensions lifted risk, while LNG arrivals and stable Norwegian flows tempered gains.
Energy Market Update - 13 January 2026
UK and European gas and power markets strengthened sharply on Monday, driven by weather forecasts indicating a return to below-seasonal temperatures and reduced Norwegian flows due to scheduled maintenance
Energy Market Update - 12 January 2026
European gas and power markets firmed through the curve on Friday, with weather forecasts and geopolitical uncertainty driving sentiment as temperatures are expected to shift from mild conditions to below-seasonal levels next week.
Energy Market Update - 09 January 2026
Gas and power opened steady. Early gains were checked by guidance for milder weather next week and a return towards normal wind output, while Norwegian flows recovered after brief maintenance.
Energy Market Update - 08 January 2026
Gas and power firmed as storage draws stayed heavy and colder risks persisted. Supplies were steady, but weather uncertainty and policy noise kept a bid under the near curve.
Energy Market Update - 07 January 2026
Gas and power were mixed. Prompt power eased on higher evening wind, while near-curve gas ticked up on cooler weather and a brief Norwegian hiccup. Supply remains comfortable with storage near sixty per cent and strong pipeline and LNG availability.
Energy Market Update - 06 January 2026
Curve prices eased while prompt power firmed. Milder forecasts, a longer system and steady Norwegian and LNG supply outweighed geopolitics.
Energy Market Update - 05 January 2026
Gas and power opened softer after early gains, as cold weather and lower wind lifted demand but strong Norwegian flows and higher UK LNG send out kept the system comfortable.