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Energy Market Update 06/10/2026

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: 

🌍 Market participants suggests that global gas markets could take “four-five years” to recover following a Gulf ceasefire, implying that the US-Iran conflict will have overreaching effects until 2030.

❄️ Concerns that a weakening polar vortex could trigger a “Beast from the East” in Q1-27, potentially pushing Europe’s benchmark gas price to EUR 90–100/MWh over the next six months analysts warn.

🇳🇴 Norway’s Gassco is aiming to maximise production, adding 2bcm compared with last winter, potentially boosting regional supply through Q1-27

☀️ UK solar capacity is expected to grow 50% y-o-y in 2026, with 5.5 GW scheduled to come online, increasing generation supply to the UK power market.

🏭 ICIS forecasts European power demand growth of just 1.2% in 2026, as economic uncertainty weighs on industrial demand, softening longer-term demand expectations.

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