Russian oil cust unlikely to massively effect the UK power market.
The russians have spooked the German market a little by closing off a pipeline which supplies 20% of german oil from Belarus. Whilst this would be a little scary (and much more so if it was this time last year) it is likely that the accusations of stealing oil are nothing more than accusations. Furthermore, Germany whilst a big user of oil in Europe is one of 25 countries and this pipeline only accounts for 20% therefore the effect on the UK power market is minimal. Oil tends to effect gas prices and on something short term like this the effects are tiny.
Perhaps more interestingly is the price of carbon which has halved in the last week for phase 1.
30 June 2005
Contango - Is when the front end of the market is trading at a discount to the back end. It is more natural for markets to be in backwardation. Power markets being the exception to the rule. read more...
27 April 2005
Oil sneezes and the others look coldy. read more...
16 December 2004
At this time of year, traders are looking to square out positions in order to crystallize bonuses. They also look at next year, as to the clever plays in which they can make some money read more...
CRC- What Price?
In November it was reported that traders in the UK energy markets were beginning to place bets that the Government will not go ahead with its controversial Carbon Floor Price. The Carbon Floor Price has relevance to the CRC, not least because some commentators have suggested that the fixed price levels could track the known Carbon Floor Price. Current EUA prices also seem vastly at odds to the proposed CRC price. British business is lobbying hard for a level and competitive playing field. read more...
03 February 2012
In November it was reported that traders in the UK energy markets were beginning to place bets that the Government will not go ahead with its controversial Carbon Floor Price. The Carbon Floor Price has relevance to the CRC, not least because some commentators have suggested that the fixed price levels could track the known Carbon Floor Price. Current EUA prices also seem vastly at odds to the proposed CRC price. British business is lobbying hard for a level and competitive playing field. read more...
Carbon Floor Price Announcement: The Market Reacts
The tensions seen in the markets last week, as participants assessed the impact of Japan and nuclear withdrawal in Germany, appeared to have eased when the market started trading on Monday. The Government's mid week budget Carbon Floor Price announcement soon changes that though read more...
25 March 2011
The tensions seen in the markets last week, as participants assessed the impact of Japan and nuclear withdrawal in Germany, appeared to have eased when the market started trading on Monday. The Government's mid week budget Carbon Floor Price announcement soon changes that though 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...
Capacity Payments Discussed as a Tool to encourage Investment
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development. read more...
30 June 2010
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development. read more...
Coal, Gas & Carbon all help to hold WInter Down
Contracts across the power curve opened strongly helped by the high prices reported in the oil markets. read more...
28 April 2008
Contracts across the power curve opened strongly helped by the high prices reported in the oil markets. read more...
Weather Forecasts and Iranian Threats
Forecast and outturn cold weather drove gas and coal prices this week which in turn had an impact on the power curve. Iran threatened to cut off crude supplies ahead of the EU's proposed July sanctions; a move that would impact EU nations as they seek to find alternative sources ahead of the import ban. read more...
27 January 2012
Forecast and outturn cold weather drove gas and coal prices this week which in turn had an impact on the power curve. Iran threatened to cut off crude supplies ahead of the EU's proposed July sanctions; a move that would impact EU nations as they seek to find alternative sources ahead of the import ban. read more...
The downward trend comes to an end
The Power market was finally knocked of its downward slide on 19th July with oil and gas prices helping to break the trend. Oil received a boost from lower than expected stock levels (again) and hopes that a US debt deal could be reached. While a Eurozone Emergency Summit was held to rescue the Euro and throw a further lifeline to Greece. read more...
22 July 2011
The Power market was finally knocked of its downward slide on 19th July with oil and gas prices helping to break the trend. Oil received a boost from lower than expected stock levels (again) and hopes that a US debt deal could be reached. While a Eurozone Emergency Summit was held to rescue the Euro and throw a further lifeline to Greece. read more...
Energy Curves regain some of the Losses
The energy markets have recovered from the 'plunging losses' seen earlier in June which dragged down fuel and power prices. Prices across the power curve all report strong week on week gains. read more...
01 July 2011
The energy markets have recovered from the 'plunging losses' seen earlier in June which dragged down fuel and power prices. Prices across the power curve all report strong week on week gains. read more...
OPEC Fail to Reach Agreement
OPEC met on 8 June but failed to reach a consensus for the first time in 20 years -oil production levels remaining unchanged. read more...
08 June 2011
OPEC met on 8 June but failed to reach a consensus for the first time in 20 years -oil production levels remaining unchanged. read more...
High Oil Price Threatens Economic Recovery
The International Energy Agency (IEA) releases statement urging OPEC to increase supply or risk derailing the economic recovery. read more...
20 May 2011
The International Energy Agency (IEA) releases statement urging OPEC to increase supply or risk derailing the economic recovery. 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...
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