Market Update
Gas Market Update: Front-month NBP settled up 23.9% at 140.99p/therm, hitting an intra-day high of 171.21p/therm, as Middle East conflict disrupted LNG flows and Qatari production went offline
Gas Market Update: EU storage at 29.89% full, its lowest for this time of year since 2022, leaves Europe with limited buffer against sustained LNG disruption
Gas Market Update: With Asian buyers taking over 80% of Qatari exports, any supply curtailment tightens the global pool and intensifies Atlantic-Pacific competition for U.S. cargoes
Power Market Update: GB near-curve baseload power surged in line with NBP, with the front-month settling £20.00 higher at £111.00/MWh
Power Market Update: Dec-26 EUA gained 3.9% to €73.33/tonne, though the modest recovery relative to gas rally highlights that carbon remains driven by ETS reform
Oil Market Update: Brent settled up 4.7% at $81.40/bbl, its highest since January 2025, as U.S.–Israel strikes on Iran disrupted Middle East energy flows
Oil Market Update: Iranian strikes on regional energy infrastructure have halted tanker traffic through Strait of Hormuz and sent shipping rates soaring
Gas Market Update: Front-month NBP settled up 23.9% at 140.99p/therm, hitting an intra-day high of 171.21p/therm, as Middle East conflict disrupted LNG flows and Qatari production went offline
Gas Market Update: EU storage at 29.89% full, its lowest for this time of year since 2022, leaves Europe with limited buffer against sustained LNG disruption
Gas Market Update: With Asian buyers taking over 80% of Qatari exports, any supply curtailment tightens the global pool and intensifies Atlantic-Pacific competition for U.S. cargoes
Power Market Update: GB near-curve baseload power surged in line with NBP, with the front-month settling £20.00 higher at £111.00/MWh
Power Market Update: Dec-26 EUA gained 3.9% to €73.33/tonne, though the modest recovery relative to gas rally highlights that carbon remains driven by ETS reform
Oil Market Update: Brent settled up 4.7% at $81.40/bbl, its highest since January 2025, as U.S.–Israel strikes on Iran disrupted Middle East energy flows
Oil Market Update: Iranian strikes on regional energy infrastructure have halted tanker traffic through Strait of Hormuz and sent shipping rates soaring
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