News & Insights

Europe’s Gas Storage Problem Is Bigger Than You May Think

European gas storage sits at roughly 65% to 67% of capacity as of September 2026. The five-year seasonal average for...

Gas and Power Prices Diverge as Mild Outlook Meets Escalating Supply Risks

UK wholesale gas prices rose sharply this week, with day-ahead gas up 10.4% week-on-week to 6.11p/kWh. Gas contracts across the forward curve followed,...

Mild Weather Eases Gas and Power Prices Despite Renewed Strikes on Iran

UK wholesale gas and power prices softened this week despite a sharp escalation in the US-Iran conflict. Day-ahead gas fell 2.4% over...

Gas and Power Hit Highest Levels Since 2023 as Iran Sanctions Escalate

UK wholesale gas and power prices climbed for another consecutive week, reaching their strongest levels since early 2023. Winter 26...

Gas and Power Prices Surge Amid LNG Delays and Record Heat

UK wholesale gas and power markets are under significant pressure this week. In late June, Winter 26 gas sat at 3.51p/kWh and...

Hormuz Reopening Stalls, Taking Market Optimism With It

Progress towards reopening the Strait of Hormuz stalled over the weekend after Iran signalled that the Oman arrangement alone would...

NGP appoints Julian Hernandez to lead flexible energy trading

Northern Gas and Power has appointed Julian Hernandez as Head of Flexible Trading, to lead energy trading, giving him responsibility...

Troubled Waters: From Hormuz to the Rhine, the Risks Driving Energy Prices This Summer

European energy markets are under pressure on multiple fronts this week. The Iran-US standoff over the Strait of Hormuz continues...

French Power Pressure Crosses the Channel

UK gas and power prices moved higher across most forward contracts this week, with the US-Iran conflict remaining the main...

Front-End Prices Surge as Long-Term Contracts Are Near Historic Lows

Renewed hostilities between the US and Iran have returned energy markets to a more defensive position. Disruption around the Strait...

Front-End Contracts Rebound as Hormuz Risk Returns to Energy Markets

UK energy markets moved higher over the past week as renewed conflict between the US and Iran brought geopolitical risk...

Softer UK Energy Prices Open a Window for Buyers Before Risks Reprice

Energy markets remain focused on future supply risks despite prices easing from the highs seen earlier this year. UK gas...

Energy Prices Fall on US-Iran Progress, But Winter Risk Persists

Markets have softened after a sharp improvement in Middle East sentiment, with the US and Iran moving closer to an...

Israel-Iran Escalation Hits a Low-Storage Market

Energy markets remain highly sensitive to supply risk, with bullish drivers outweighing the improving short-term picture. A long UK gas...

Gas Curve Volatility Signals Further Risk

UK and European energy markets remain exposed to sharp price movement, with geopolitics, weather, storage and outages all reinforcing the...

1 2 3 28