• Russia refuse to guarantee rescue access to civilians, claim Ukraine
• Russian troops are present on territory of gas compressor stations in Ukraine, posing risk to gas transit flows to EU
• Oil output from Russia up 0.5% MoM, averaging 11.1mbpd

UK Gas and Power markets have opened the session down on Thursday, posting losses along the curve. A sharp drop in LDZ demand, off the back of milder temperatures, has led to the UK gas system opening oversupplied, weighing on prices. Russian flows remain stable thus far, despite concerns to gas transit flows as Russian troops are present on territory of gas compressor stations in Ukraine. The head of Ukraine's gas transit operator states "There is a real danger to transit".

Brent crude has posted gains this morning, despite tumbling in previous sessions, as the UAE retrocede on statements to suggest that OPEC would look to increase output levels, along with allies, to offset some of the impact of Russian oil embargoes. Carbon prices have also opened up session-on-session as technicals support a bullish outlook. EUA prices have recently decoupled from the wider energy complex, instead seeking direction from equity markets, a trend which expected to continue going forward.