Market view – The Daily News of 16/10/2025
GAS & POWER →
-
As expected, gas supplies arriving from the North Seas are decreasing this morning, with a reduction of approximately 35 million cubic meters compared to yesterday (-10%). Both flows directed towards the United Kingdom and those towards the continent were impacted.
-
Little news on the weather front: after the sharp drop in temperature expected between Saturday and Sunday, temperatures will rise again, even reaching between 3 and 4°C above the average values for the period in the second part of next week. Wind generation capacity in Northern Europe improves compared to previous forecasts, expected from Monday above the typical values for the period up to the end of the month.
-
As the Arctic LNG 2 terminal prepares to ship the tenth shipment of liquefied natural gas since the start of the summer, the British government has announced new sanctions against the regasification terminal in Beihai, China, which received all nine previous shipments. The decision is unlikely to lead to an impact on flows, in the absence of strong positions taken by the United States.
-
American pressure is growing at an international level to limit energy purchases from Russia and thus indirectly hit the Kremlin. After Trump’s statements about India’s promise to block purchases of Russian crude, Treasury Secretary Scott Bessent specifically requested his Japanese counterpart to block imports of liquefied gas from Moscow.
ITALIA →
-
Balanced system: consumption down by around ten million cubic meters this morning thanks to lower pressure from gas-to-power demand. A minimal decline is also expected tomorrow. On the supply front, both pipe supplies and networked regasified volumes are stable, while injection into storage appointments have fallen to their lowest since the beginning of September.
EQUITY ↓
-
A mixed start for the European stock exchanges, with the enthusiasm at the start of the previous session waning in the afternoon hours. Trade tension between China and the United States remains strong, especially after the more or less declared desire of the White House to involve other trading partners in the battle against Beijing.
- Exchange rate €/$ at 1,165
OIL ↓
-
Crude oil prices have found only minimal support since Trump’s announcement on the stop to Russian oil purchases promised by Indian Prime Minister Modi. Meanwhile, the British government tightened energy sanctions against Moscow yesterday, also hitting oil giants Rosneft and Lukoil.
-
API data published yesterday showed growth in crude oil inventories in the week ending Friday, October 10, with an accumulation of more than 7 million barrels. The decline in distilled products partly offset the bearish effect.
-
Brent FM prices open at $62.70/bbl
EUAs →
-
Sales stopped yesterday, with support coming from the new signal of an increase in long bets from investment funds, at the highest ever.
-
The renewed trade war between China and the United States could be a factor of volatility in the coming market sessions.
-
At the beginning, prices on DEC25 stand at 77.85 €/tonne
