Energy Market Update 14/04/2026

Welcome to our weekly energy market update, where we share the latest trends, shifts, and key developments impacting the energy sector. Whether it’s fluctuations in oil and gas prices, changes in renewable energy policies, or updates on energy infrastructure projects, we’re here to help you stay informed. Join us as we break down the most important factors influencing the market this week and explore what these changes could mean for your business.

Current Market Drivers:

🚢 Trump announces Hormuz blockade after US-Iran peace talks collapsed, escalating the conflict and reinforcing concerns over prolonged disruption to global oil and LNG flows through one of the world’s most critical energy shipping routes.

⏳ Consultancy firm Wood Mackenzie estimates that even if QatarEnergy begins restarting Ras Laffan in early May, full operations may not return until late August, prolonging tight global supply conditions through the summer, and impacting EU storage replenishment.

⚡ UK gas-for-power generation rose 4.7% in 2025 due to declining nuclear output as the ageing fleet experienced increasing outages. The decommissioning of ageing nuclear reactors in the coming years could be supportive of UK gas-for-power demand, despite increases in renewable generation.

📉 Middle East tensions are beginning to feed into macro data, with US inflation up 0.9% month on month and reinforcing stagflation concerns, while Trump’s proposed 50% tariffs on countries arming Iran add further pressure to trade, supply chains and the global growth outlook.

🌍 Russia is reportedly offering sanctioned LNG to South Asian buyers at discounts of up to 40% to spot prices through intermediary firms, which could ease competition for global spot cargoes despite the currently tight gas supply.

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