Author: wp-moneysavingenergycouk
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Prices broke out to new highs, with gas passing its March peak and both curves finishing the week at levels last seen in 2023. Fighting resumed after a month-long lull. A tanker was hit in the strait on Monday, and on Tuesday the US struck targets in Iran, one of which hit a wedding in…
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Prices steadied near their recent highs, finishing the week slightly up after threeweeks of strong gains. The US announced a sweeping new sanctions packageagainst Iran, while Tehran approved transit fees for ships using the strait andthreatened to seize vessels that ignore them. Omani mediation continuedmidweek and briefly cooled prices, but the truce window has now…
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Prices rose every session, with gas closing the week at its highest since the initial Marchspike and power going further, ending at levels not seen in nearly three years.The two-month window for peace talks expired on Monday without a deal, and Trumpmarked it by threatening to bomb Oman if it got in the way of…
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Deal hopes faded and the heat arrived: prices jumped at the open and ground higherthrough the week, ending at their strongest since late July.The diplomacy went backwards. Trump demanded compensation from Iran as acondition for talks and signalled he would let economic pressure do the work rather thanresume strikes, while Iran answered with sweeping conditions…
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Diplomacy finally gained traction and the risk premium came out. Prices fell through thefirst half of the week to their lowest in a month, before doubts crept back in and themarket steadied.With strikes called off, Iran confirmed talks with Oman were underway and Washingtonsignalled a deal was close. By midweek Iran and Oman had agreed…
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Gas prices reached a four-month high before a dramatic weekend shift changed market sentiment. What drove the volatility? What does this means for UK businesses?
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Global tensions sent gas and oil prices soaring as disruption in the Strait of Hormuz threatened LNG supplies. Read this week’s Energy Market Report to understand what’s driving UK energy prices and what it could mean for your next business energy contract.
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Energy markets turned volatile again as renewed tensions in the Middle East pushed gas and power prices higher. Read this week’s UK Energy Market Report for expert analysis of the key events shaping business energy costs and what they could mean for your next contract.
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Energy MarketReport6th July 2026The market reversed direction, with gas and power posting their first weekly gainsin a month and both the front of the curve and forward seasons moving higher.The rally was driven by extreme heat across Europe lifting cooling demand andgas-fired generation, falling wind output increasing the call on gas amid a heavyUK nuclear…
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Gas and power continued to ease through most of the week as the US-Iran frameworkdeal held and bearish supply signals built. The US authorized Iranian oil sales under atemporary 60-day licence on Monday, Qatar’s prime minister signalled LNG productionwould return to normal within weeks apart from the damaged Ras Laffan facility, andseveral empty Qatari LNG…