Energy Market Report – 16 February 2026
European gas and power markets opened sharply lower on Monday as milder weather revisions for the second half of February eased heating demand expectations. Carbon prices extended last week's rout, dragging power contracts lower across the curve.
Energy Market Report – 13 February 2026
European energy markets came under broad pressure on Thursday, led by a sharp sell-off in carbon allowances that rippled across the power curve. Gas held relatively firm on Norwegian supply disruptions, but bearish oil and collapsing ETS prices weighed on wider sentiment.
Energy Market Report – 12 February 2026
European energy markets were rocked by a sharp sell-off in carbon on Thursday after Germany's Chancellor Merz signalled openness to revising the EU's emissions trading system. Gas held relatively steady, while power was dragged lower by the carbon rout
Energy Market Report – 11 February 2026
Energy markets saw broad-based losses on Tuesday as gas, power and carbon all moved lower in tandem, before a partial recovery this morning on expectations of cooler weather into the weekend. UK carbon was the standout mover, with UKA futures collapsing roughly 20 per cent over two days to their lowest level since April.
Energy Market Report – 10 February 2026
European gas and power markets opened sharply lower on Monday as revised weather models shortened the expected cold snap later this week. Oil retreated on progress in US–Iran nuclear talks, while carbon extended recent losses amid speculation of an extended free-allowance phase-out.
Energy Market Update - 09 February 2026
European gas and power markets opened sharply lower on Monday as revised weather models shortened the expected cold snap later this week. Oil retreated on progress in US–Iran nuclear talks, while carbon extended recent losses amid speculation of an extended free-allowance phase-out.
Energy Market Update - 06 February 2026
Energy markets were mixed on Thursday, with gas firming on prompt tightness and divergent weather models while power eased on strong wind output and a sharp sell-off in European carbon. Geopolitical risk remained elevated as US–Iran nuclear talks commenced in Oman.
Energy Market Update - 05 February 2026
Energy markets edged higher across gas and power on Wednesday, supported by revised colder weather forecasts for mid-February and depleted European storage levels. Heightened US–Iran tensions added a geopolitical risk premium, particularly in oil markets.
Energy Market Update - 04 February 2026
European gas prices recovered on Wednesday after cooler mid-February weather forecasts lifted heating demand expectations, although comfortable supply and healthy LNG arrivals continue to cap the upside.
Energy Market Update - 03 February 2026
European gas and power sold off sharply as weather forecasts turned milder for mid-February and US–Iran de-escalation helped unwind geopolitical risk premia, pulling oil lower and dragging prompt gas and power contracts down.
Energy Market Update - 02 February 2026
European gas and power opened sharply lower as revised weather models pointed to a shallower cold spell than feared, while easing US–Iran tensions pulled oil softer and carbon extended its recent sell-off.
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.