Flagship Energy’s Tejal Shah Energy Markets Update – 21st February 2024
1) What’s happening in the markets and why? This week we have seen European and UK gas and power contracts drop to lows not seen for a very long time. Despite an unplanned outage at Norway’s...
View ArticleFlagship Energy’s Tejal Shah Energy Markets Update – 28th February 2024
This week we have seen a tick up from the three-year lows mostly due to technical indicators and increased buying activity with the March-24 contract expiring. The relative strength index was over-sold...
View ArticleFlagship Energy’s Tejal Shah Energy Markets Update – 6th March 2024
There is a never a dull moment in the energy markets. Volatility has once again returned following UK and European gas prices falling to three-year lows. UK gas prices have increased over 20% in a...
View ArticleFlagship Energy’s Tejal Shah Energy Markets Update – 17th January 2024
This week the news of retaliatory strikes by U.S. and UK due to recent attacks by Yemen-based Houthi forces on commercial ships in the region has dominated the headlines. It has raised concerns about...
View ArticleOfgem chief calls for massive job creation in UK carbon capture sector
Jonathan Brearley, Chief Executive Officer of Ofgem, has emphasised the urgent need for job creation in the UK to support the expanding carbon capture and storage (CCS) industry. During recent visits...
View ArticleFlagship Energy’s Tejal Shah Energy Markets Update – 24th January 2024
Earlier this week 6 out of the 10 nuclear reactors in the UK were offline on either planned or unplanned outages. Whilst it’s not had a significant impact on wholesale UK power prices due ample gas...
View ArticleGlobal gas demand set for 2.5% growth in 2024
Global gas demand is anticipated to experience a 2.5% growth in 2024, equivalent to 100 billion cubic metres, according to the latest Gas Market Report from the International Energy Agency (IEA). The...
View ArticleFlagship Energy’s Tejal Shah Energy Markets Update – 31st January 2024
Following a bearish start to January we have seen the UK and European wholesale gas markets becoming more cautious this week leading to some risk premium being added to prices. The European front month...
View ArticleFlagship Energy’s Tejal Shah Energy Markets Update – 7th February 2024
The market this week has been fairly rangebound in the absence of any significant new drivers. Even with Gassco, the Norwegian gas operator announcing two unplanned outages this week which have been...
View ArticleFlagship Energy’s Tejal Shah Energy Markets Update – 14th February 2024
European and UK power and gas prices have eased for a seventh day on Wednesday with little change on the near-term fundamental outlook. Mild temperatures are set to continue until the end of the month,...
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