
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.

Energy Market Update - 17 March 2025
Energy markets remained largely rangebound on Friday, with gas and power prices edging higher amid ongoing geopolitical uncertainty and storage policy discussions. Despite market hopes for progress in ceasefire negotiations, no resolution has been reached, keeping traders cautious.

Energy Market Update - 14 March 2025
Energy markets remained relatively stable for most of the session before a sharp sell-off in the final hour of trading, triggered by comments from President Putin regarding the proposed ceasefire in Ukraine. His statement that Russia was open to a peace agreement but required conditions, including securing Russian-occupied land and preventing NATO expansion, created uncertainty. He also referenced potential US-Russian cooperation on energy, specifically mentioning a “pipe to Europe,” widely believed to be a reference to Nord Stream 2. While no immediate policy changes have been made, the mere mention of these topics had an instant impact on European gas markets, with prices declining sharply towards the close.

Energy Market Update - 13 March 2025
Energy markets moved slightly higher this morning following yesterday’s softening of gas prices driven by optimism surrounding a potential ceasefire in Ukraine. The European Commission’s plans for a coordinated gas purchasing platform also contributed to improved sentiment. Meanwhile, oil prices edged up after a 2% jump in the previous session, supported by lower-than-expected US inflation figures.

Energy Market Update - 12 March 2025
Energy markets experienced significant volatility yesterday, with gas prices surging 5% before retreating slightly after market close on news of a potential 30-day ceasefire agreement between Ukraine and Russia. Uncertainty over the final terms of the agreement kept markets cautious, while colder-than-normal weather forecasts continued to support demand.

Energy Market Update - 11 March 2025
Energy markets continued their upward movement, with European gas and UK power prices strengthening due to geopolitical uncertainty and colder weather forecasts. Norwegian supply disruptions and ongoing diplomatic negotiations in Saudi Arabia contributed to market volatility.

Energy Market Update - 10 March 2025
Energy markets saw mixed movements on Monday, with gas prices stabilising amid ongoing geopolitical tensions. UK power prices edged higher, supported by colder temperatures and reduced wind generation. Oil prices softened due to concerns over US tariff policies and OPEC+ production adjustments.

Energy Market Update - 07 March 2025
Energy markets saw another sharp downturn yesterday, with European gas prices dropping significantly amid renewed discussions on resuming Ukrainian gas transit. Weaker UK gas prices also pressured power markets, while oil and carbon prices remained subdued.

Energy Market Update - 06 March 2025
Energy markets moved lower yesterday as geopolitical tensions appeared to ease, with reports of a potential minerals deal involving President Trump and European leaders. Market sentiment was also influenced by the European Commission reaffirming its gas storage targets, though discussions around flexibility have introduced some uncertainty.