Energy Markets Weekly: Gas Prices Surge on Geopolitical Uncertainty and Weather Risks

Written By Kevin Lumley

UK and European wholesale energy markets surged higher this week, driven by geopolitical tensions and colder weather forecasts. The UK NBP day-ahead gas price jumped 6.55p to 108.25p/therm, as traders reacted to developments in US-Ukraine ceasefire negotiations and the largest Ukrainian drone strike on Russia since the war began.

Kevin Lumley
Sign up to read this post
Join Now
Previous

Energy Markets Weekly: Ceasefire Optimism and Strong LNG Flows Drive Market Weakness
Next

Energy Markets Weekly: Falling Prices as Warmer Weather and Strong LNG Flows Weigh on Markets