Latest Market Updates

A bullish start to the week across the curve as contracts regained ground lost at the end of last week. Norwegian outages continue this morning following the fire on Asgard but expected to be back online towards the end of the week. Meanwhile temperatures hold above seasonal normal, with a…

Another bearish session yesterday despite comments around the future of energy supply. These mostly came from Ursula von der Leyen who said the EU could fall some 30bcm short for next summers storage injection season, citing three main risks …. Total loss of Russian gas, competitive Asian LNG market and also…

A weak end to the week with plenty of bearish momentum. However a fire on the Norwegian Asgard oil and gas platform results in further unplanned outages, according to Gassco AS. Freeport LNG put out a short official statement in an attempt to quash the rumour mill that exports will be…

More than 2 million of Britain’s most vulnerable households, facing the prospect of out-of-reach prices for gas and electricity, could shiver in silence this winter by disconnecting from the grid without their suppliers knowing, the chief executive of one utility warned. Click here to read the…

Markets took a turn yesterday to show some upside after several days of downside momentum. This came as reports emerged that the prolonged discussion around a potential price cap in Europe was described as ‘impossible’ with several member states appearing to threaten blocking elements of any proposed energy deal as…

AUXILIONE co-founder, Tony Jordan says there are several steps the national grid can uses to avoid blackouts, including a prevention scheme that may be used tomorrow. Watch the full interview here…

Average energy bills for most consumers could double next April, analysts have warned, after Jeremy Hunt announced a “new approach” to the existing two-year price freeze. Click here to read the full article…

The forecasts for next year’s energy price caps have once again dropped as gas prices fell this week. Auxilione, a consultancy that updates its predictions daily, reduced its price cap forecast for April next year by £23 – the third drop in a row. Click here…

Energy consultancy Auxilione has lowered its price cap forecast for next January by £620 to £5,012 and by more than £1,432 to £6,269 for next April. Click here to view the full article…