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!)
This morning's activity has resulted in a few Winter 06 trades which are slightly lower than yesterday trading at below £62. But oil seems to be the main fear pushing prices higher, and there is no reason to suggest that this will subside whilst the warring factions appear to be unlikely to cease. That having been said, the focus on Iran is diminishing (assuming that they do not get involved with the conflict) and the biggest consumers of oil are well stocked (particularly America). Perhaps the stockmarket tells all with a signifcant drop due to world fears and an oil led recession, this maybe traders manouevring in an early posture, but it is a sign.
The power market has responded with its usual calmness, and sellers seem to be stopping the price rise above £62 in the Winter whilst Summer 07 does not appear to be going anywhere significantly.
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...
07 August 2006
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. 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...
06 July 2005
German government complains about high energy prices. Will the UK follow suit? read more...
08 June 2005
Contango causing large customers to manage their own risk. 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...
Prompt stronger, but curve softer
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. read more...
07 August 2006
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. 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...
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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