Energy Market Update 12/05/2026

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:

🌏 Australia’s plan to reserve 20% of east coast gas for domestic use from Jul-27 could limit future LNG export growth, adding supply uncertainty and potentially increasing Asian competition for flexible US LNG cargoes.

⚠️ The RWE’s CEO and IEA warned that the Middle East conflict is reshaping medium-term gas supply outlooks, with tighter conditions likely to last longer than expected, supporting UK gas futures and limiting downside risk.

🕊️ The US-backed Russia-Ukraine ceasefire is showing early signs of strain, with both sides alleging violations and talks still stalled. This keeps geopolitical risk premia elevated and weakens confidence in near-term peace prospects.

🚢 The first QatarEnergy LNG vessel through the Strait of Hormuz since the conflict began offers a tentative bearish signal, suggesting some supply movement is resuming, although damaged Ras Laffan capacity and fragile US-Iran negotiations may limit downside.

🔒 The CEO of the UK’s TSO said Britain’s energy supply is expected to remain secure through the coming winter despite ongoing geopolitical tensions

Get in Touch