UK wholesale energy markets softened on Tuesday as mild weather and healthy LNG supply continued to erode winter risk premiums. Prompt gas settled around 75p/therm, with power and commodities drifting lower in sympathy.

Energy prices softened at the start of the week as mild weather, comfortable supply and a sharp sell-off in carbon dragged the prompt complex lower. Geopolitical risks from US–Iran tensions and fresh tariff announcements provided a latent bid but failed to shift fundamentals.

Gas and power prices eased at the start of the week as milder weather forecasts and a surge in wind generation offset lingering geopolitical risk from the US–Iran stand-off. Carbon rebounded after weeks of heavy selling, while oil held near recent levels amid a shifting trade policy backdrop following the US Supreme Court's intervention on tariffs.

Energy prices pulled back on Friday after Thursday's sharp geopolitical rally, with improving wind output and below-seasonal gas demand reasserting bearish fundamentals despite lingering US–Iran tensions in the Gulf.

Gas and power prices reversed sharply higher on Wednesday as US–Iran tensions escalated and Iran temporarily closed the Strait of Hormuz for naval exercises. The geopolitical risk premium now dominates an otherwise comfortable physical backdrop of mild weather and healthy wind generation.

Gas and power markets extended their decline on Tuesday, driven by a significant shift in weather models pointing to milder and windier conditions across Europe for the remainder of the month. Carbon bucked the trend with a modest recovery, while crude oil softened on easing geopolitical risk.

Gas and power markets fell sharply on Monday as a rapid US production recovery from Winter Storm Fern pulled global benchmarks lower, compounded by a decisive shift toward milder weather forecasts across Europe. Carbon markets added to the bearish tone, with EU and UK allowances extending recent losses.

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.

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.

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 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.

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.

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 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 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.

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.

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.

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.

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.

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.