
07 July 2005
Markets calm in the wake of terror attack.
Thursday saw in reality only half a days trading with the power market closing after lunch as many traders closed offices in an attempt to get home. Interestingly the market was bullish before the terror activity and one would normally expect a significant spike in commodities and a dip in stocks and shares on the back of such attacks. However oil, fell on the day with traders discounting terrorist activity almost immediately and in some cases suggesting that such activity would decrease oil demand as more people stay at home. Stocks did drop but then recovered pretty quickly again traders taking the view that London would be back on its feet very quickly. London's experience of terror activity has certainly made the people and traders less likely to react in a panicky way and this is reflected in the financial markets.
100 %
Market Marginally down
 
14 July 2006
Oil fears continue to drive the market but both gas and power are reacting well to the various demands, and although ticking up are doing so in a controlled and rational way (not always the case in the past!)  
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100 %
Oil worries continue to spook.
 
24 April 2006
Oil prices are supposedly spooking markets, power and gas have remained oblivious to it. But if Rough storage is slow to comeback on cue with American oil demand increasing then expect big price rises in Q3 06.  
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100 %
Oil bulls return
 
09 August 2005
Markets rise on oil fears hitting new highs, gas trcikles up and Carbon looks to respond. The bulls are back in town.  
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Fear factors and risk premia
 
16 August 2006
Risk premia and fear will always effect markets one study suggests that $20 + is the risk premia in oil and whilst one doubts it as high in power and gas it is there. What is clear is that as the market stabilises, confidence grows and the risk premias fall.  
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Middle East explodes in the markets
 
17 July 2006
The short term facts suggest that the market had to go higher, but this does not mean that we should see the back end of the curve rise inexorably as well. Some sellers are keeping a cap on the backend of the curve but the buyers also have to be disciplined.  
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