Bearish effects of Russian gas flows prove short-lived

Friday 19th November 2021

As has been the case for many months now, the subject of Russian gas flows remains the main discussion point in the wider energy crisis. The flows to fill Western Europe’s gas storage facilities started last week, and this had an immediate bearish effect on prices – the arrival of Russian gas de-risked the coming winter months and it seemed …

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Power prices crash on Russian gas news

Thursday 4th November 2021

After a period of relative calm on gas and power wholesale markets, there was a significant downturn on 28th October when Vladimir Putin ordered Gazprom to start exporting gas to Western European storage sites. This news immediately de-risked pan-European energy markets and prices fell accordingly. However, what looked to be the start of a correction has been short-lived, with …

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Markets drop on Russian gas hint

Monday 18th October 2021

The extraordinary volatility of the wholesale gas and power markets remains in place with even greater extremes being seen, particularly on the highest risk Winter 2021 gas season. We finally saw what looked to be a correction in the market when Vladimir Putin indicated that Russia would be able to flow more gas West for the coming winter – this …

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New price records shattered at relentless pace

Tuesday 5th October 2021

You will see immediately from the wholesale graphs that prices have reached unprecedented new highs. There has been no respite in the past fortnight, with record upon record being shattered across all seasons, and with most bullishness retained across Winter 2021. There is a huge amount of risk being factored into the traded gas and power prices. A lot of …

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Price records smashed across most periods

Monday 20th September 2021

Market conditions remain extremely volatile as the flash updates across the last fortnight have demonstrated. The fundamental drivers remain the same in that a lot of risk is being built into gas and power wholesale particularly for the coming winter season due to low gas storage and LNG flows coming into Europe. We saw a massive spike last week due …

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