All the latest energy market insights and analysis from the expert team at Ignite Energy. We extract real meaning from data to help you keep track of the wholesale energy market and the changes that really matter. Energy market intelligence and data insights are core to Ignite’s innovative and proactive approach to energy management.
Our experts share the updates that matter in our global energy market feed.
The past 21 out of 22 months have seen average global surface temperatures exceed 1.5°C above pre-industrial levels, raising concerns about the ongoing effects of climatisation on energy demand and renewable output. - 13/06/2025
UK energy futures have rallied this morning amid mounting geopolitical tensions as Israel strikes Iranian nuclear facilities and vows to continue doing so, with Iran launching retaliatory measures in response. - 13/06/2025
Egypt has agreed to purchase up to 160 LNG cargoes through 2026, with around 60 expected this year. The is offering bullish signals along the curve amid rising competition and already strained European supply dynamics. - 13/06/2025
Prompt energy contracts are receiving bullish pressure from a doubling of reduced flows from Norway's Oseberg, wind generation falling below seasonal norms into Monday, and a series of unplanned nuclear outages. - 13/06/2025
Wider commodities have tracked bullish sentiment seen in gas markets, driven primarily by escalating geopolitical tensions in the Middle East. The UK carbon benchmark is also receiving support from declining wind output. - 13/06/2025
Falling wind output is supportive to prompt contracts, however temperatures are increasing along with decreasing cloud cover which will help offset some of the bullish pressure provided by wind. - 12/06/2025
Reactors Sizewell B1 and Sizewell B2 both went down today for unplanned maintenance, with a combined total of 1260MW unexpectedly going offline and providing bullish pressure to day-ahead contracts. - 12/06/2025
European natural gas prices rose yesterday and opened higher this morning, driven by reports of potential issues at French nuclear facilities and renewed optimism around US–China trade talks. - 12/06/2025
The International Atomic Energy Agency (IAEA) has passed a resolution declaring that Iran is in non-compliance with its nuclear safeguards for the first time in 20 years, providing support to futures on geopolitical risk. - 12/06/2025
British economic output fell in April, the most significant contraction in nearly two years, driven by US tariffs. This highlights the bearish impact that ongoing trade disputes are having. - 12/06/2025
Day ahead power is down substantially amid wind output jumping from it's lowest point of the week, today, to the highest point tomorrow. Further bearish pressure is added from temperatures increasing into tomorrow. - 11/06/2025
On Tuesday, the World Bank slashed its global growth forecast for 2025 by 0.4% to 2.3%, saying that higher tariffs and heightened uncertainty posed a significant headwind for nearly all economies. - 11/06/2025
Hartlepool 1 nuclear reactor has had it's scheduled maintenance end date pushed back by ~2 weeks to 23-Jul offering some bullish pressure to front month gas and power contracts on tighter low carbon generation. - 11/06/2025
EU storage injections are seeing levels as high as 5000GWh per day, levels not seen since the energy crisis 2022, adding bearish pressure to summer refilling contracts and to the front three seasons. - 11/06/2025
The UK and EU carbon benchmarks are climbing this morning on anticipation ahead of the Commitment of Traders Report. Investor positions had been holding steady, but this could be a sign of increased long positions. - 11/06/2025
Asian imports of US LNG are down 40% year-on-year due to weak demand and tariff implications. Ongoing reluctance by Asian commodity importers to increase US energy imports is offering bearish signals along the curve. - 10/06/2025
Trump’s administration is preparing sweeping sanctions on Russia, targeting its shadow oil fleet, LNG projects, and energy-linked firms, echoing the EU’s stance in its recently announced 17th sanctions package. - 10/06/2025
UK energy futures are mixed this morning, with no clear direct as the market awaits news from ongoing US-China trade talks. However, concerns over China's rare-earth minerals bottleneck could signal a global supply crisis. - 10/06/2025
The UK has invested £14bn into Sizewell C nuclear project, though the regulated-assets-base(RAB) funding model has raised concerns of added costs to energy bills providing bullish signals to further dated seasonal contracts. - 10/06/2025
Wind generation will dip to its lowest point tomorrow offering support to day-ahead baseload contracts. However, an unexpected increase in flows from Oseberg tomorrow is providing some downside to prompt gas prices. - 10/06/2025
The unplanned outage at the 595MW Hartlepool 2 nuclear reactor has been extended by 20 days until 30-Jun, keeping nuclear capacity constrained to 73%, offering support to prompt contracts. - 09/06/2025
Declining wind output into tomorrow and gains in the UK carbon benchmark are limiting downside to day-ahead baseload contracts. Meanwhile warmer temperatures continue to reduce LDZ demand. - 09/06/2025
Long-term weather forecasts for Southern and Eastern Europe signal heightened summer temperature risks, with persistent hydro and drought concerns providing bullish signal to near-curve baseload contracts. - 09/06/2025
UK gas futures are mixed this morning, with the near-curve retracing some of last weeks upside on improved EU storage outlook. Uncertain macroeconomic conditions continue to cloud further-dated energy futures. - 09/06/2025
Trade talks between the US and China, the world’s two largest economies, are set to take place today following discussions between their leaders late last week. Tariff impacts are already weighing on China’s economy. - 09/06/2025
Drought risks remain heightened in the UK after the driest spring in 130 years, threatening summer water levels and posing challenges to renewable and nuclear output offering support to near-curve baseload contracts. - 06/06/2025
UK gas futures are neutral-bullish this morning after rallying yesterday afternoon, driven by several adjustments to the Norwegian maintenance spooking the market and signs of improving macroeconomic conditions. - 06/06/2025
The European Central Bank announced yesterday to cut interest rates to 2%, stating that inflation is under control and they remain in a good position despite ongoing tariff uncertainty. - 06/06/2025
Slight revisions down to wind forecasts into next week, alongside ongoing Norwegian maintenance and extension risks, remain supportive to prompt contracts. However, reduced LDZ demand is offsetting further upside. - 06/06/2025
UK's Centrica have signed a 10-year deal with Norway's Equinor to receive 5bcm of gas a year starting in October, offering bearish signals along the curve by enhancing the UK's energy security. - 06/06/2025
European summer gas-for-power demand is set to fall 10% year-on-year due to strong French nuclear output and rising solar generation, limiting upside to near-curve baseload contracts. Drought-driven hydro risks remain. - 05/06/2025
LSEG have revised EU winter storage level forecasts up 4% to 87%, signalling improving winter supply conditions. However, prices will remain supported by continued injection demand and reliance on LNG imports. - 05/06/2025
Current consumption trends could see EU natural gas and LNG imports fall by an estimated 25% by 2030, as gas consumption falls by 15% for a third year in a row, offering bearish signals further along the curve. - 05/06/2025
An unplanned outage at the 595MW Hartlepool 2 reactor and a 35mcm/d drop in Norwegian flows due to maintenance at Kollsnes and Troll is providing bullish pressure to prompt energy contracts. - 05/06/2025
Geopolitical risk continues to provide bullish signals to UK gas futures, with Putin warning Trump that Russia will respond to Ukraine’s recent drone attack, demonstrating little signs of easing tensions in the region. - 05/06/2025
ICIS analysts suggest there is little scope for further downside to EU gas prices amid the need to continue attracting LNG cargoes and ongoing efforts to replenish storage levels, supporting prices along the curve. - 04/06/2025
An ongoing steady decline in wind generation levels is providing bullish pressure to day-ahead baseload contracts, with gas-for-power demand up 12mcm/d. Gains in the UK carbon benchmark provides further support. - 04/06/2025
UK gas futures are sideways this morning, with macroeconomic conditions remaining unclear as EU-US trade talks get underway, the best offer deadline looms and Trump’s tariffs remain under legal scrutiny. - 04/06/2025
Trump has doubled tariffs on steel and aluminium to 50%, exempt from US federal review, creating uncertainty around renewable supply chain disruptions and potentially hindering longer-term investment prospects. - 04/06/2025
Iran has rejected the US proposal for a new nuclear deal, vowing to continue enriching uranium. This could heighten tensions in the Middle East, as Israel views Iran’s nuclear program as an existential threat. - 04/06/2025
Yesterday's peace talks between Russia and Ukraine yielded no progress, with a ceasefire unlikely without a direct meeting between Zelenskiy and Putin, which continues to fuel geopolitical risk along the curve. - 03/06/2025
The Trump administration is urging countries to submit their best trade offers by Wednesday to accelerate negotiations, though the legality of Trump’s imposed tariffs remains in question. - 03/06/2025
UK gas futures are bullish this morning, driven by ongoing RUS-UKR geopolitics and downward revisions to forecasted Northwest European storage levels by November, signalling tighter winter supply conditions. - 03/06/2025
A steady decline in wind generation is pushing up day-ahead baseload prices, but levels remain largely above seasonal normal, limiting further upside. Net storage injections are supportive to day-ahead gas contracts. - 03/06/2025
The EU is facing a €300bn a year funding deficit to meet it's climate and industrial goals, this shortfall may delay renewables growth, sustaining demand for fossil fuel offering bullish signals to further dated energy contracts. - 03/06/2025
Day ahead power is bearish this morning on wind output increasing drastically into tomorrow, offsetting the slight decrease in temperatures and greater cloud cover that is limiting solar. - 02/06/2025
Norwegian gas output is increasing into tomorrow by approximately 13mcm, this is the highest level it will be at until around the end of June but still supports day-ahead gas pricing. - 02/06/2025
UK gas futures are trading bullish this morning, reversing last week's bearish trend and shrugging off macroeconomic concerns from trade wars as European manufacturing stabilises. - 02/06/2025
UK and EU carbon are moving up in morning trading, continuing Friday's rebound amid a better outlook for European manufacturing which in turn supports permit demand. - 02/06/2025
High gas tariffs along the Trans-Balkan pipeline, combined with concerns around a potential EU law breach, contributed to a lack of interest in the monthly Balkans-Ukraine gas auction, supporting gas futures. - 02/06/2025
Wind output and temperatures are declining over the weekend, lending support to prompt energy contracts. Baseload is sharply up, whilst gas is neutral but could shift up in today's trading. - 30/05/2025
Norwegian gas output is declining into Monday and maintaining this weaker output, or weakening further, for the next two weeks. This is likely to drive prompt gas pricing up and support it at those higher levels. - 30/05/2025
UK gas futures are trading neutral this morning, shrugging off the US court ruling that Trump has exceeded his authority on tariffs as a stay is granted which keeps the tariffs in place for now. - 30/05/2025
UK and EU carbon are moving up in morning trading, reversing the downwards trend of yesterday driven by gas futures, but the reinstating of tariffs today could prompt a trend reversal later in the day. - 30/05/2025
Geopolitical risk in the Middle East is showing signs of abating as Israel looks to set agree to a 60-day ceasefire in Gaza, put forward by the US, and waiting on US-Iran nuclear discussions before deciding on strikes. - 30/05/2025
The US Supreme Court has ruled the president has exceeded his authority with his tariffs, improving the global macroeconomic picture and lending support to equity markets, reflected in carbon and crude. - 29/05/2025
The day-ahead baseload contract is trading up this morning on declining wind output into tomorrow. Upside is limited by lower prompt gas prices which are down on improved Norwegian output and warm temperatures. - 29/05/2025
UK gas futures are bearish in morning trading after closing down yesterday. Fundamentals remain little changed, but Russian suggestions for direct talks with Ukraine on 02-Jun could be providing some bearish signals. - 29/05/2025
Injections into European storage have fallen off this week, reaching the lowest level for this time of year since 2020, in the face of unplanned outages at Norwegian gas facilities, lending support to gas futures. - 29/05/2025
Asian spot LNG prices have risen to a two-week high amid renewed demand from the region and weak production in Malaysia. This could provide some bullish signals to near-curve gas. - 29/05/2025
Gas futures are trading neutral-bullish this morning after closing the day marginally up yesterday. Weaker Norwegian pipeline flows led to a stronger reliance on LNG sendout which reduced storage injections. - 28/05/2025
Markets rose sharply mid-afternoon yesterday before coming back off on reports that the US was considering further sanctions on Russia. The US and Russia have been clashing in public in a sign of deteriorating relations. - 28/05/2025
Day-ahead baseload contracts are pointing sharply down in morning trading on the back of increased wind output into tomorrow and a continuation of firm interconnector flows. - 28/05/2025
Norwegian pipeline flows are improving slightly into tomorrow, but a sustained block of Norwegian maintenance from now until the end of next month is likely to limit any downside to prompt gas contracts into June. - 28/05/2025
The EU and UK carbon benchmarks have opened neutral-bearish this morning, in line with gas markets. Today, the EU is set to publish the total number of allowances in circulation which may provide some direction. - 28/05/2025
Day-ahead baseload is pointing sharply up this morning on the back of a sharp drop in wind generation into tomorrow and weaker solar due to more cloud cover. Upside to UK carbon also lends support. - 27/05/2025
The prompt UK gas contract is bullish this morning on the back of reduced Norwegian gas flows, with Troll offline for planned maintenance. Firm LNG sendout is limiting the bullish pressure. - 27/05/2025
UK gas futures are climbing in morning trading amid concerns over Norwegian gas flows due to unplanned maintenance at the Troll gas field and diminishing macroeconomic concerns as Trump drops EU tariff threat. - 27/05/2025
The UK and EU carbon benchmarks have opened bullish this morning, trending in line with equity markets that have recovered from Friday after Trump dropped his threat of a 50% tariff of the EU. - 27/05/2025
The UK has secured a 6th LNG cargo for May delivery and its first for June delivery. Import volumes have slowed down due to high LNG stocks but may pick up in June due to Norwegian maintenance. - 27/05/2025
Day-ahead baseload is pointing sharply down in morning trading on the back of a sharp rise in wind generation over the weekend. Upside to the UK carbon benchmark is limiting further downside. - 23/05/2025
The prompt gas contract is neutral this morning as a recovery in Norwegian gas flows and mild temperatures into next week is offset by firm injection and export demand. - 23/05/2025
The UK carbon benchmark is recovering from it's pull back in yesterday's trading. The drop was driven by profit-taking from speculators, but lower prices are likely incentivise purchasing. - 23/05/2025
UK gas futures are trading mostly neutral today, whilst baseload is slightly more bullish on the back of the UK carbon rally. Geopolitical risk is limiting downside, but fundamentals limit further upside. - 23/05/2025
Ofgem have announced they will be cutting the price cap by 7% in Jul-25. This could be a demand signal for 2025, though the general shift in consumers to minimise energy usage is likely to limit any effect. - 23/05/2025
Global exports of LNG have fallen in Apr- and May-25, leading to a slow down in imports for Europe and Asia this month. Any bullish pressure has been limited by high stock levels that have maintained strong sendout. - 22/05/2025
UK gas futures have opened neutral-bullish to bullish this morning after experiencing a slight pull back in yesterday's trading. Geopolitical concerns and an improved macroeconomic outlook remain supportive. - 22/05/2025
Freeport LNG has received approval to restart its Phase 3 facility which had been offline since the fire in 2022. This could serve to boost LNG export capacity and may help to limit upside to UK gas futures. - 22/05/2025
The UK carbon benchmark is neutral this morning after closing yesterday almost flat at the high price set on Monday on linkage confirmation. Bullish EU carbon could lend some support in today's trading. - 22/05/2025
The day-ahead gas contract is neutral this morning as Norwegian maintenance unwinds, improving European gas supply, whilst falling wind output lends support on increase gas-fired generation demand. - 22/05/2025
UK energy futures are trading neutral-bullish to bullish this morning, with support coming from fading sentiment for a swift end to the RUS-UKR war and concerns over an active US hurricane season in 2025. - 21/05/2025
Intelligence reports are suggesting Israel is gearing up for an attack on Iranian nuclear sites despite the recent progress in a US-Iran nuclear deal, lending support to Brent Crude and to a lesser extent UK gas. - 21/05/2025
The UK carbon benchmark is shifting down in morning trading after rallying yesterday. Confirmation of UK-EU ETS linkage supported prices yesterday but profit-taking by speculators is likely driving the pull back. - 21/05/2025
May-25 Norwegian maintenance is peaking today, dropping by 174 mcm/d and persisting at 84 mcm/d into tomorrow. Combined with cooler temperatures into tomorrow, this is supporting day-ahead gas pricing. - 21/05/2025
The prompt baseload contract is bullish this morning, with solar output dropping off in the face of more cloud cover and gas and carbon prices trading higher. Improved wind is doing little to offset the increases. - 21/05/2025
Following talks with Putin, Trump announced immediate Russia-Ukraine ceasefire negotiations, though the Kremlin cautioned the process would take time, highlighting Russia's continued reluctance to move swiftly. - 20/05/2025
The UK carbon benchmark rallied yesterday and continues to rise this morning following news confirming the linkage of the UK and EU ETS schemes. This bullish momentum is also reflected in baseload futures. - 20/05/2025
European storage levels have almost reached 45% and LNG sendout levels remain historically high, helping to limit upside to near-curve gas contracts as ample supply and easing storage concerns weigh on prices. - 20/05/2025
Significant Norwegian maintenance into tomorrow, which is reducing flows by 146mcm/d, is supporting day-ahead gas prices. Meanwhile a sharp rise in wind generation is providing downside to day-ahead baseload contracts. - 20/05/2025
UK energy futures are bullish this morning, taking direction from prospects of renewed economic optimism following the UK-EU trade deal and lack of any meaningful RUS-UKR peace developments. - 20/05/2025
A tentative EU-UK defence deal allowing UK firms into larger EU contracts could offer some bullish signals to UK energy futures on expectations of increased economic and industrial activity. - 19/05/2025
Norwegian maintenance begins this week, with outages at Troll and Kollsnes affecting flows to the UK. Coupled with revised forecasts of falling temperatures, this could support prompt energy contracts this week. - 19/05/2025
UK gas futures are neutral-bullish this morning, caught between lack of progress with Russia-Ukraine peace prospects and ongoing 90-day US-China tariff reductions that cloud market direction. - 19/05/2025
Gains in the UK carbon benchmark are being felt along the baseload curve, likely driven by UK-EU talks happening today where UKA-EUA linkage is expected to be discussed. - 19/05/2025
Morgan Stanley analysts anticipate near-curve prices could rise 10% this summer, driven by extensive storage refilling efforts as Europe needs to increase LNG imports by 45% year-on-year. - 19/05/2025
Despite the 90-day US-China tariff rollback, lingering economic damage from initial tariff implementation continues to slow China’s growth, offering bearish pressure along the curve amid muted demand prospects. - 16/05/2025
UK gas futures are neutral-bearish this morning, though downside is limited by fading hopes of meaningful Russia-Ukraine negotiations as the absence of key political leaders continues to undermine diplomatic progress. - 16/05/2025
Lack of clarity regarding the EU's CBAM implementation in 2026 is providing bullish signals to baseload futures as it heightens uncertainty around future investment decisions in key commodity markets. - 16/05/2025
Wind forecasts from the end of May and into June have been revised to reflect more favourable conditions, with levels only marginally below seasonal normal, limiting upside to prompt contracts. - 16/05/2025
The 580MW Heysham 1-2 nuclear reactor is due offline on Monday, which coupled with declining wind and solar output is offering support to day-ahead energy contracts on increased reliance on gas-fired generation. - 16/05/2025
The risk of drought across parts of the UK has raised concerns about potential challenges to both renewable and nuclear energy output during the summer months, offering bullish pressure to near-curve baseload prices. - 15/05/2025
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