
Energy Market Update - 14 April 2025
Energy prices firmed slightly across gas and power markets, supported by financial market recovery and supply risks, while ongoing geopolitical tensions and tariff developments continued to weigh on broader sentiment.

Energy Market Update - 11 April 2025
Energy markets were largely subdued with minor declines in gas and power contracts across the curve. Improved Norwegian flows, rising wind forecasts, and ongoing geopolitical uncertainties contributed to the cautious tone.

Energy Market Update - 10 April 2025
Energy prices opened higher this morning following a sharp rebound from yesterday’s close, driven by the US government’s decision to pause new global tariffs for 90 days, except for those on China. Market sentiment improved across the board, while European storage policies and Chinese LNG re-exports influenced supply outlooks.

Energy Market Update - 09 April 2025
Energy markets moved lower again on Wednesday, with natural gas and power contracts dropping amid intensified trade tensions and rising US export expectations. The renewed tariff dispute between the US and China, combined with expectations of redirected LNG supplies to Europe, weighed heavily on sentiment.

Energy Market Update - 08 April 2025
Energy markets moved higher by session end despite a weak open, driven by shifting sentiment around global trade tensions and expectations of a softer stance from several countries in response to US tariff threats.

Energy Market Update - 07 April 2025
Energy prices dropped sharply to multi-month lows as the fallout from US tariffs continued to ripple through global markets. Softer demand outlooks and a bearish wider macroeconomic environment dominated sentiment.

Energy Market Update - 04 April 2025
Energy markets dropped sharply on Thursday as global traders responded to the economic impact of new US tariffs and an unexpected OPEC+ output increase. The downturn was compounded by potential changes in EU gas storage policy and ongoing Norwegian supply constraints.

Energy Market Update - 03 April 2025
Energy markets moved lower across the board yesterday as President Trump’s newly announced global trade tariffs created broader economic uncertainty. Key gas and power contracts eased, driven by bearish sentiment and stable supply fundamentals.

Energy Market Update - 02 April 2025
Gas and power markets rose sharply on Tuesday, driven by renewed geopolitical tensions and concerns about EU gas storage levels. Despite stronger Norwegian supply outlooks, market sentiment remained bullish.

Energy Market Update - 01 April 2025
Energy prices held steady yesterday with minor gains in natural gas and power, supported by colder weather forecasts, upcoming Norwegian maintenance, and stable LNG arrivals. Ongoing geopolitical tensions and evolving EU storage policy discussions added further complexity to market sentiment.

Energy Market Update - 31 March 2025
Energy markets opened the week with modest gains, driven by geopolitical uncertainty and colder weather forecasts. European gas and power prices edged higher, while oil and carbon markets remained relatively stable.

Energy Market Update - 28 March 2025
Energy markets saw relatively muted activity yesterday as traders assessed conflicting geopolitical signals. European natural gas prices posted small gains, while UK power prices exhibited minor movements. Oil and carbon markets remained steady.

Energy Market Update - 27 March 2025
Energy markets experienced a largely bearish session, with UK and European gas prices declining amid warmer weather forecasts, increased renewable generation, and a lack of significant bullish geopolitical developments. Power markets followed suit, pressured by weaker gas prices and a downward trend in carbon.



Energy Market Update - 24 March 2025
Energy markets were volatile at the start of the week, with initial price support from geopolitical concerns around the Sudzha metering station fire giving way to softer fundamentals. The market remains focused on upcoming US-Russia-Ukraine talks in Saudi Arabia, while strong LNG arrivals and steady Norwegian flows are keeping supply conditions relatively loose.

Energy Market Update - 21 March 2025
Energy markets experienced a relatively quiet session yesterday, with prices softening towards the end of the day. However, overnight reports of a strike on the Sudzha gas pumping station in western Russia have introduced fresh uncertainty, with initial reports suggesting a Ukrainian drone strike. If confirmed, this would mark a significant escalation and could impact negotiations over a ceasefire agreement. Markets are likely to react cautiously to this development, with volatility expected.

Energy Market Update - 20 March 2025
Energy markets surged yesterday, with European gas prices climbing sharply as geopolitical uncertainty and a shift in market sentiment drove bullish momentum. Continued attacks on Ukrainian infrastructure, alongside stalled diplomatic efforts, fuelled risk premiums, while a reversal in fund positioning indicated renewed investor interest in gas markets.

Energy Market Update - 19 March 2025
Energy markets reacted cautiously to the much-anticipated call between Presidents Trump and Putin, which lasted 90 minutes but delivered an underwhelming outcome. A temporary 30-day halt on energy infrastructure attacks was announced, but conditions attached to the deal left traders uncertain, and initial market optimism faded. Gas and power prices saw an initial dip but have since rebounded.

Energy Market Update - 18 March 2025
Energy markets opened the week on a bearish note, with gas and power prices softening as traders focused on geopolitical developments and storage levels. Expectations of a Trump-Putin phone call today regarding a potential ceasefire in Ukraine have kept sentiment cautious, while forecasts for warmer temperatures later this week have added to the downside pressure.