News & Insights

The Market Is Trading Headlines While the Curve Quietly Rewards Patience

Energy markets have spent the past week reacting more to geopolitics than fundamentals. Progress signals around Iran and the Strait...

Energy Prices Climb as El Niño Threat Grows

UK energy markets moved higher this week as short-term supply pressure, cooler temperatures and geopolitical risk pulled gas and power...

Risk Premiums Return to Energy Markets

Energy markets remained volatile this week as traders balanced improving storage injections against persistent geopolitical disruption and growing weather-related risks....

Subdued Forward Prices Offer Buyers a Window Before Greater Volatility Returns

Subdued forward prices are giving UK energy buyers a window to review future cover, but the market is not without...

Risk Premium Returns as Supply Tightens Into Summer

Energy markets have firmed again this week. Not because one big thing has changed, but because several smaller risks are...

Hormuz tensions and summer risks build across 2026 contracts

Energy markets remain highly reactive to geopolitical developments, with recent volatility driven by this weekend’s events in the Strait of...

Middle East Conflict Keeps Energy Costs Elevated

Energy markets remain under pressure as disruption in the Middle East continues to impact global supply, pushing UK gas and...

Energy Markets Rise on US Blockade Escalation in Hormuz

Energy markets have surged this week following a major escalation in the Middle East, with the US announcing a naval...

Ceasefire Breakdown Sends Energy Markets Higher

Energy markets are being driven by a renewed rapid deterioration in Middle East stability, with the brief ceasefire already showing...

Ongoing LNG Disruption Keeps Upward Pressure on Energy Markets

Global energy markets are being driven by escalating geopolitical risk and widespread LNG supply disruption, pushing a strong risk premium...

Market Reprices for Prolonged Energy Crisis

The energy market has shifted sharply this week as escalating tensions in the Middle East continue to disrupt global gas...

Oil Back Above $100 as Tensions Put Energy Markets on Edge

Energy markets have started the week firmly on the rise, with wholesale gas and power prices up around 3-5%, as...

Iran War Week 2: LNG Shock Sends Energy Markets Back Toward Crisis Levels

Energy markets moved sharply higher at the start of this week as geopolitical risk and global gas supply disruptions intensified....

Gulf Crisis Energy Market Bulletin

Day by Day Ongoing analysis of the Iran war, Hormuz disruption and UK/European energy markets NGP’s free Energy Risk Review...

The New Energy Crisis? How War with Iran and a Closed Strait of Hormuz Threaten Gas Supplies

Analysis: Gulf conflict tests Europe’s new LNG dependence as Hormuz risk meets thin gas storage European gas prices surged again...

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