Summer outlook report

As we look towards summer 2026, energy markets are in turmoil – with the conflict in the Middle East the primary driver. The coming months will be defined by the evolution of this conflict and the wider geopolitical fallout, as well as how well other regions are able to support the global shortfall in energy commodities including gas supplies. 

This outlook explores these critical factors – and other more seasonal influences impacting gas and power markets, including European gas storage levels, summer weather, and UK renewable output – to provide a detailed view of the upcoming summer season. 

The summer 2026 outlook report outlines some of the possible energy market scenarios that could develop over the coming summer.