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...
Suddenly it's "British Petroleum"
A name not used in a very long time, but suddenly the US are quick to refer to BP by its old name of British Petroleum, hoping perhaps to distance itself from blame regarding the disastrous oil spill in the Gulf of Mexico. But as the US announces a criminal investigation and as BP shares suffer further should the British economy concern itself? read more...
02 June 2010
A name not used in a very long time, but suddenly the US are quick to refer to BP by its old name of British Petroleum, hoping perhaps to distance itself from blame regarding the disastrous oil spill in the Gulf of Mexico. But as the US announces a criminal investigation and as BP shares suffer further should the British economy concern itself? 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...
Power Prices Fall without Obama's help
While comments from President Obama on the banking industry hit the share price in most major companies, the UK power market managed to achieve losses all by itself. read more...
22 January 2010
While comments from President Obama on the banking industry hit the share price in most major companies, the UK power market managed to achieve losses all by itself. read more...
UK Gas price highest in World.
The UK gas price in Q409 is attracting significant volumes of LNG gas to the UK but there is real doubt as to whether these prices levels will be maintained. read more...
11 September 2009
The UK gas price in Q409 is attracting significant volumes of LNG gas to the UK but there is real doubt as to whether these prices levels will be maintained. read more...
Are we leaving recession territory?
If we can forecast what type of recession we are in for, we can start to work out what will happen to equities, commodities & currencies –and ultimately when to jump into the market. Here we look at the facts. read more...
22 May 2009
If we can forecast what type of recession we are in for, we can start to work out what will happen to equities, commodities & currencies –and ultimately when to jump into the market. Here we look at the facts. read more...
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