Energy markets recorded steep declines across gas and power on 24 June, largely driven by a US-brokered ceasefire between Israel and Iran which eased geopolitical tensions. Oil and carbon prices also moved lower, while LNG imports into Europe continued at pace.

Markets fell sharply at the start of the week, driven by surging Norwegian gas exports and signs of de-escalation in the Middle East, with ceasefire talks temporarily calming geopolitical fears.

Energy prices climbed as geopolitical risk surged, with US strikes on Iranian nuclear sites and Iran’s threat to close the Strait of Hormuz fuelling market uncertainty and driving gas and power price increases.

Energy markets surged on Thursday, with natural gas prices hitting multi-month highs driven by escalating Middle East tensions. Power prices followed gas movements, while oil rose and carbon fell.

Energy markets firmed on Wednesday as geopolitical risks in the Middle East escalated and supply-side constraints persisted across Europe. Gains in both gas and power prices were supported by strong demand expectations due to high temperatures, despite an easing in some previous bearish pressures.

Energy markets advanced further on Tuesday, with gas and power prices rising on heightened geopolitical tensions. The ongoing conflict in the Middle East and tightening LNG supplies were key drivers.

Energy markets saw mixed movements on Monday, with European gas prices easing despite escalating conflict in the Middle East. Power markets were generally stable to slightly higher, while crude oil and carbon markets edged lower on the day.

Energy prices moved sharply higher across the board as the conflict between Israel and Iran escalated, with concerns over Middle East supply routes and Norwegian maintenance compounding bullish sentiment in both gas and power markets.

Energy markets continued to strengthen, with UK gas and power prices driven higher by supply constraints and nuclear outages, while oil, coal and carbon contracts firmed on Middle East tensions.

Gas prices rose on heatwave-linked demand risks and French nuclear uncertainty, power held amid lower wind and Civaux-2 repairs, while oil, coal and carbon firmed.

Gas prices stabilised after Tuesday’s bearish demand and ample LNG flows, power costs rose amid mild, windy weather and nuclear funding, while oil, coal and carbon eased on profit-taking.

Gas and power prices slipped as balanced supply and rising EU storage eased tightness, while oil and coal edged higher on US–China trade optimism and sustained LNG arrivals.

Markets eased slightly across the board, with downward pressure from lower demand forecasts and healthy supply fundamentals counteracting the impact of Norwegian maintenance and LNG supply tightness.

Markets posted modest gains yesterday with gas contracts leading, primarily driven by continued supply constraints from Norway and forecast reductions in wind output over the coming fortnight.

Energy markets traded largely flat on Wednesday, with initial gains reversed later in the day amid developments in Russian gas transit and growing geopolitical uncertainty. Weaker flows from Norway and lower renewable forecasts supported early prices, but relief around Eastern European supply capped upside.

UK gas and power prices rose again as Norwegian supply constraints and weak UK gas storage levels continued to drive bullish sentiment. Carbon market gains and steady oil prices added to the upside pressure.

Energy markets rose on Monday, led by gains in natural gas and supported by tighter supply conditions and renewed geopolitical risks. Power prices moved in parallel, while oil and carbon also edged higher.

Energy prices opened the week on a cautious footing following a sharp Friday sell-off, led by renewed US tariff threats and global recessionary concerns. Markets saw slight rebounds on the backend of gas and power contracts, but the overall tone remains bearish.

Energy prices fell sharply across European markets on Thursday, as increased Norwegian pipeline flows and a mild, windy forecast weighed on sentiment. Legal volatility surrounding U.S. tariffs added to wider uncertainty.

Energy markets held broadly steady on Wednesday, with sideways trading reflecting stable sentiment despite legal and geopolitical uncertainties. Norwegian gas flows and variable renewable output added short-term volatility, while fund positioning helped support prices amid thin liquidity.