Market ticking along waiting for fresh news, but what news that is out there is causing players to hold the length at the fornt and sell the backend.
The prompt price rose on Friday particularly in September and this was mainly put down to generation demand, and buying. At £36 September is very low and at this price there is a potential argument for pushing plant off for more maintenance and then buying the residual volume in the market. The back end of the curve although quiet in terms of trading pushed lower. Winter 06 falling to trade at £58.50 and the Summer 07 trading at £44.50.
A potential ceasefire, should cause oil prices to fall and this may well put greater pressure on gas prices and emissions and power. If this starts to happen then the Summer's should move to the bottom of the range, probably in the £40 range. What is clear is that if this starts to happen then the flattening of the curve between Summer and Winter is an inevitability.
10 November 2006
Oil market rises have effected power prices but some of these gains may be offset by the emissions falls next week, could see further bearish pressure. read more...
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. read more...
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!) read more...
12 May 2006
The market has fallen in the prompt this morning with increasing gas in the system and the recent bubble tendency in commodities has seen some take profit. read more...
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. read more...
Oil price reaches record high
Oil price continue to climb spooking most markets. read more...
04 March 2008
Oil price continue to climb spooking most markets. read more...
Oil prices continue to spook markets
Oil prices influencing gas and power along the curve. read more...
11 February 2008
Oil prices influencing gas and power along the curve. read more...
Fear factors and risk premia
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. read more...
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. read more...
Middle East explodes in the markets
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. read more...
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. read more...
Market Marginally down
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!) read more...
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!) read more...
Confidence Returns to Market
Despite a continuation of cold conditions, confidence was seen returning to the market with a stabilisation of spot prices and comfortable system margins. There was some focus on the curve with seasonal contracts all reporting some gain on the previous weeks levels apart form Summer 13. read more...
20 December 2010
Despite a continuation of cold conditions, confidence was seen returning to the market with a stabilisation of spot prices and comfortable system margins. There was some focus on the curve with seasonal contracts all reporting some gain on the previous weeks levels apart form Summer 13. read more...
Weather continues to dominate
Tight margin concerns resulted in Spot prices reaching highs for nearly two years. The cold weather conditions were the driving force though supply issues compounded the situation. read more...
10 December 2010
Tight margin concerns resulted in Spot prices reaching highs for nearly two years. The cold weather conditions were the driving force though supply issues compounded the situation. read more...
Cold snap results in single highest gain since Jul-09
Prompt contracts responded to the expected cold spell forecast for this week with the Day Ahead contract (Baseload contract for Monday delivery) on Friday gaining £2.65/MWh – the single highest gain seen since July on this contract. This bullish sentiment did not feed through to the rest of the curve though. read more...
08 November 2010
Prompt contracts responded to the expected cold spell forecast for this week with the Day Ahead contract (Baseload contract for Monday delivery) on Friday gaining £2.65/MWh – the single highest gain seen since July on this contract. This bullish sentiment did not feed through to the rest of the curve though. read more...
Gains Seen Across the Curve
There was no sign of an early Christmas in the power market on Friday with a 'flurry' of trading resulting in gains across the power curve. read more...
21 December 2009
There was no sign of an early Christmas in the power market on Friday with a 'flurry' of trading resulting in gains across the power curve. read more...
Market forgets basic principles and panics!
It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price. read more...
02 October 2009
It could be said that the market over reacted today in the prompt market with a price rally on the back of a £142 half hourly cash out price. read more...
Oil Disruption Fears create Volatile Markets
The European Union provided details this week of its proposed ban of Iranian oil imports as the Union steps up pressure over the country's nuclear programme. read more...
20 January 2012
The European Union provided details this week of its proposed ban of Iranian oil imports as the Union steps up pressure over the country's nuclear programme. read more...
Prepare for the clash of OPEC & IEA
With less than a month to go until OPEC meets, the statements are beginning to fly: OPEC believe the oil market looks balanced while the IEA again are saying that high oil prices could harm fragile global economic growth. Let the battle begin! read more...
23 November 2011
With less than a month to go until OPEC meets, the statements are beginning to fly: OPEC believe the oil market looks balanced while the IEA again are saying that high oil prices could harm fragile global economic growth. Let the battle begin! read more...
Markets Still Jittery
Most markets reported further losses today on the back of underlying nerves about the ability of both Europe and the US to repay their debts. Oil, commodities and equities all reported losses. read more...
21 November 2011
Most markets reported further losses today on the back of underlying nerves about the ability of both Europe and the US to repay their debts. Oil, commodities and equities all reported losses. read more...
Plunging Prices Impact UK Energy market
Oil markets were described as 'plunging' as fears escalated over the Greek debt crisis. With the dollar/euro exchange rates under pressure oil lost value pulling down NBP gas and UK power prices too. read more...
17 June 2011
Oil markets were described as 'plunging' as fears escalated over the Greek debt crisis. With the dollar/euro exchange rates under pressure oil lost value pulling down NBP gas and UK power prices too. read more...
Latest Figures Show the extent of Oil Shortfall
Despite increased OPEC production, output fell short of pre-Libya crisis levels. With little sign of a resolution in Libya, oil supply remains under pressure and with OPEC yet to cover the shortfall it seems that strong oil prices are here to stay (well for a while anyway). read more...
15 April 2011
Despite increased OPEC production, output fell short of pre-Libya crisis levels. With little sign of a resolution in Libya, oil supply remains under pressure and with OPEC yet to cover the shortfall it seems that strong oil prices are here to stay (well for a while anyway). read more...
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