Current and future energy market trends
Our team of experts, analysts and data specialists offer insights, news, trends and thoughts on the current and future energy market.
The ever-changing energy industry saw another week of volatility as governments across Europe looked to protect their consumers and economies from large scale increases in prices going to winter.
Energy markets continued their volatile nature last week as the market saw a mass sell off through pricing curves. This began with the UK market selling off after the long bank holiday weekend, dropping 180p/therm on front month NBP contracts.
Last week saw continued high prices as there appears to be no stopping the bulls in the current climate. Prices along the curves and across the energy spectrum saw gains as risk continues to be priced into energy contracts.
Last week saw volatility as the markets remained nervous amid a poor outlook for winter supply. Gazprom announced that flows via Nord Stream 1 were going to be cut further, down to 20% of it’s capacity.
Last week saw the continuation of volatility as Nord Stream 1 maintenance came to an end. The market spent the first few days of the week anticipating the outcome of the 10-day Nord Stream 1 annual maintenance.
The energy markets continued their volatility last week with change to the shape of pricing curves. Front month Aug-22 contracts sold off on Friday afternoon as the risk premium was shed as it gets closer to delivery.
Last week saw the market become increasingly nervous as the political tensions over gas supply to Europe ramped up. Liquidity remains incredibly poor as traders remained nervous of being caught the wrong side of news.
Last week saw volatility dominate the energy markets as nervousness persists. Winter-22 and Summer-23 markets remain bullish as supply issues worsen and there is little in the way of bearish factors to mitigate supply interruptions.
Volatility returned last week with big news headlines rocking the energy markets. Monday saw pricing drop as the Bacton interconnector opened back up and exports of gas continued.
The long jubilee bank holiday meant the market moves across the week were small and liquidity remained very low. Front month gas saw moves down of 11.77p/therm whilst the back-end Summer 23 contracts rose 7.85p/therm.
Last week saw large trading ranges on gas, carbon and oil as the markets continued their volatility. The NBP finished the week up across the curve as strength on Friday afternoon helped gas to recover some value that was lost in the previous week.
The markets continued their volatile, headline driven moves as all eyes remained on Friday’s European payments for Russian gas deliveries. Nervousness around the market caused June-22 gas and power contracts to rise to around the...
Last week showed much volatility over the markets in general before settling lower late on Friday afternoon. Continued volatility remained as Russian threats to cut off supply via the Yamal pipeline may negatively impact many European nations.
The week began with volatility over the market before generally settling lower over summer months. Commodity markets continue to be driven by headlines amid low liquidity. Extended lockdowns in major Chinese cities have helped to reduce demand.
The week began with the front end of the gas and power curves disassociating with further dated contracts, seeing the front month to front season spread widen. The front of the gas curve came under pressure from warmer temperatures.
Last week saw weakness at the front of the curve for gas and power markets with strength at the backend. The market viewed last week with the uncovering of supposed Russian war crimes.
Last week saw more choppy trading in gas and power markets. The market struggled last week to decide whether or not to believe the progress made in peace talks between Ukraine and Russia.
Last week saw energy prices move in tumultuous fashion, something that’s becoming all too familiar for market participants and spectators alike. Despite this, gas began the week timidly, generally easing lower.
Last week saw gas markets fall further amidst little in the way of extremely bullish news flow from the Russian invasion of Ukraine. This helped markets to fall back towards more fundamental views with gas storage looking healthier.
Last week saw prices return to some sense of recent normality after a blockbuster move higher on Monday saw front month gas hit 800p/therm (c. 27p/kWh) by 8am.
Last week saw gas, power and oil swing violently from Thursday morning after news broke that Russia launched an attack on Ukraine. Mar 22 NBP hit a high print of 285p/therm that morning as the market digested the reality of Russia declaring war.
Last week saw gas markets open strong, with front month pushing above 200p/therm, on Ukrainian-Russian tensions bubbling higher with US reports of an expected invasion by midweek published over the prior weekend.
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