Still too many uncertaintities that buyers accept that a small dip in price is worth buying up. The sellers are sitting on the hands whilst the buyers try and look relaxed when buying, but everyone knows that they are not.
Gas prices and power prices in Q1 rose, mainly on the back of renewed buying interest. Many customers are running an unhdeged position for Q1 and they recognise that if it is cold and supplies remain scant, then buying at £74 will look cheap. The real issue is that some will continue to hold out for a significant fall, this may happen at the prompt when plant cannot physically get on to the bars, but one suspects that this game of chicken is to dangerous for most medium sized enterprises, who have power exposure.
The gas prices remain high, as despite government and ofgem protestations, there is still a supply issue with potentially a lack of russian gas coming into Europe this of course means that the whole of Europe is under a gas squeeze, this could be exceptionally bad for gas prices in the Europe and the UK.
23 April 2008
Currency moves affecting most of the commodity trading seen on European gas. Coal and oil fluctuations are often led by a change in currency. read more...
21 August 2007
A recent report suggests that there will be over supply in the gas market and this will feed in particularly hard in 2009. read more...
26 February 2007
The market has finally picked up which was always expected but will it be sustained through March. read more...
22 November 2005
Market on bull run, which does not look like stopping, players on day ahead prices, are being forced to turn off. Ineos Chlor and Tioxide cannot produce with these energy costs as high as they are. read more...
Shale Gas - Latest UK estimates suggest enough for next 11 years
Cuadrilla Resources, the company at the forefront of Britain's Shale gas exploration released its first estimates of the amount of shale gas contained in the rocks of Lancashire. At 200 trillion cubic feet, the estimates are significant to say the least. read more...
22 September 2011
Cuadrilla Resources, the company at the forefront of Britain's Shale gas exploration released its first estimates of the amount of shale gas contained in the rocks of Lancashire. At 200 trillion cubic feet, the estimates are significant to say the least. read more...
Energy Forward Prices continue to gain ground
Despite market participants describing the market as stagnant and directionless, energy forward prices continue to gain ground. Winter 11 power closed the week up at £59.65/MWh while NBP Winter 11 gas finished at 72.20p/therm. read more...
10 June 2011
Despite market participants describing the market as stagnant and directionless, energy forward prices continue to gain ground. Winter 11 power closed the week up at £59.65/MWh while NBP Winter 11 gas finished at 72.20p/therm. read more...
Downward Trend Still in Play
Most contracts in the UK energy markets continued to lose ground this week enforcing the downward trend that has been in play since the start of the month. The Winter 11 contracts closed the week at £57.60MW/h and 68.85p/therm. read more...
13 May 2011
Most contracts in the UK energy markets continued to lose ground this week enforcing the downward trend that has been in play since the start of the month. The Winter 11 contracts closed the week at £57.60MW/h and 68.85p/therm. read more...
Winter 11 - A Slippery Slope
While March was a month of shocks and gains, April seems to have marked the start of a downward trend in the UK power market. The WInter 11 contract is just one example. read more...
06 May 2011
While March was a month of shocks and gains, April seems to have marked the start of a downward trend in the UK power market. The WInter 11 contract is just one example. read more...
The Market in April 2011
In comparison to the activity seen in March – the energy markets seemed relatively sedate shedding some of the value along the way. read more...
28 April 2011
In comparison to the activity seen in March – the energy markets seemed relatively sedate shedding some of the value along the way. read more...
Monthly Review - Jan 2012
Weather, oil sanctions and European debt concerns were the pushers and pullers this month as energy markets responded to competing indicators. Volatility was the only constant. read more...
01 February 2012
Weather, oil sanctions and European debt concerns were the pushers and pullers this month as energy markets responded to competing indicators. Volatility was the only constant. read more...
Japan, Germany & MENA -Global Energy
Bullish gains were seen across the fuels complex as traders and analysts rushed to assess the impact of the devastating earthquake and subsequent Tsunami in Japan as well as Germany's announcement that it was to take 7 nuclear generators offline immediately. read more...
18 March 2011
Bullish gains were seen across the fuels complex as traders and analysts rushed to assess the impact of the devastating earthquake and subsequent Tsunami in Japan as well as Germany's announcement that it was to take 7 nuclear generators offline immediately. read more...
Power Prices Ride the Crest of the Fuel Wave
A bullish fuel market fed through into the UK Power Market today with gains of over £2/MWh seen on most of the seasonal curve contracts. read more...
26 April 2010
A bullish fuel market fed through into the UK Power Market today with gains of over £2/MWh seen on most of the seasonal curve contracts. read more...
What type of recession will it be.
Economists are trying hard to work out if this recession will be a V, W or square root type of recession. read more...
13 May 2009
Economists are trying hard to work out if this recession will be a V, W or square root type of recession. read more...
Oil eases off
Oil bulls retreated as the markets digested the US oil stock levels. read more...
15 April 2009
Oil bulls retreated as the markets digested the US oil stock levels. read more...
Lobbying for the Nabucco Gas Pipieline
The Hungarian Prime Minister called upon the EU to contribute 200-300 million Euros to the Nabucco gas pipeline project during a 1 day conference held in Budapest on Tuesday. read more...
28 January 2009
The Hungarian Prime Minister called upon the EU to contribute 200-300 million Euros to the Nabucco gas pipeline project during a 1 day conference held in Budapest on Tuesday. read more...
Calls for EU Energy Strategy
The agreement between Russia and Ukraine was short lived and has prompted talks about the need to start an EU energy strategy read more...
14 January 2009
The agreement between Russia and Ukraine was short lived and has prompted talks about the need to start an EU energy strategy read more...
Russian/Ukraine Dispute Ripples Now Being Felt
Despite western Europe's efforts to weather the Russia-Ukraine gas dispute, the vibrations of the fallout have now been felt in the energy markets. read more...
07 January 2009
Despite western Europe's efforts to weather the Russia-Ukraine gas dispute, the vibrations of the fallout have now been felt in the energy markets. read more...
Russia & Ukraine Battle it Out
Tensions between Russia and Ukraine have been steadily increasing over the past few months as the two economies battle it out over debt repayment, gas flows, charges and threats of supply cuts. read more...
02 January 2009
Tensions between Russia and Ukraine have been steadily increasing over the past few months as the two economies battle it out over debt repayment, gas flows, charges and threats of supply cuts. read more...
Yet Another Record for Oil
A new record was again set for oil on Thursday when prices reached above $135 a barrel. Is increased output likely to ease pressure? read more...
22 May 2008
A new record was again set for oil on Thursday when prices reached above $135 a barrel. Is increased output likely to ease pressure? read more...
Imera secures new inter connector
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
07 December 2008
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
Feeling the Squeeze
Centrica will not repeat last year’s exceptional level of profitability their Chief Executive warned yesterday. But with rising energy prices it’s interesting to understand how they’re not cashing in. read more...
13 May 2008
Centrica will not repeat last year’s exceptional level of profitability their Chief Executive warned yesterday. But with rising energy prices it’s interesting to understand how they’re not cashing in. read more...
Currency fluctuations causing pain on UK gas imports
Currency moves affecting most of the commodity trading seen on European gas. Coal and oil fluctuations are often led by a change in currency. read more...
23 April 2008
Currency moves affecting most of the commodity trading seen on European gas. Coal and oil fluctuations are often led by a change in currency. read more...
Short-term worries, sorted.
Gas supply increases at the same time that two nuclear units return. Prompt price may well return below £30 and the sell off could be short and quick. Oil pries continue to worry. read more...
16 October 2007
Gas supply increases at the same time that two nuclear units return. Prompt price may well return below £30 and the sell off could be short and quick. Oil pries continue to worry. read more...
NGC raise supply forecast for Winter 07
NGC wakes up to the possibility that Langeled might flow. read more...
26 September 2007
NGC wakes up to the possibility that Langeled might flow. read more...
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