Stay up-to-date
Energy Markets
20.01.2026
Crude oil prices edged lower on Monday after protests in Iran eased. Brent crude slipped 0.3% to $63.94 per barrel, while WTI also fell 0.3% to close at $59.26 per barrel.
UK gas prices turned weaker as milder weather forecasts reduced demand expectations. The NBP spot price dropped 7% to 93.00 p/therm, while the Q2 2026 contract fell 2.7% to 72.10 p/therm.
German day-ahead power prices rose sharply due to lower-than-expected wind generation. The German spot price jumped 39% to 156.17 EUR/MWh, while the French spot price fell 10% to 101.64 EUR/MWh on milder weather.
Further along the curve, power prices declined alongside weaker gas and carbon markets. German Cal’27 power fell 1.9% to 85.57 EUR/MWh, French Cal’27 slipped 2% to 50.48 EUR/MWh, and EU carbon prices dropped over 4% to 88.14 EUR/tonne.