27/10/2026 – The quadrilateral with Türkiye, Pakistan, and Saudi Arabia will be held in Tehran. But new Houthi attacks undermine diplomatic efforts and push crude prices to new highs – Read more news

GAS & POWER: Weather models confirm the advance of an area of high pressure that will bring a more stable and calm climate starting from the end of this week and above all temperatures below average of up to 2/3 degrees with night frosts. A change in dynamics now appears unlikely before next 10 November. In the medium term, the hypothesis of a Sudden Stratospheric Warming (SSW) event in early November –a rare situation, usually occurring later in the winter season– could pave the way for the incursion of particularly cold air in the following weeks.

EUAs: Quotations rose sharply at the start of the week, with an intraday high not seen since last January. The market has found support from strong bullish sentiment in the gas markets, and on the political front, from new contacts between the EU and the UK to connect the two ETS systems.