The gas market has been sold off a little on the back of oil price falls today.
Oil traders seemed to take profits today very much like last week when the heat was taken out of the market by similar trading activity. Some banks are suggesting that we could reach new highs with $80 a possible mark that the longs are targetting.
For the UK gas market is has meant that there has been a bit of a sell off on the back of oil and this has fed through to the power market.
There is still a bit of unease when it comes to the supply situation but most believe that this will be short lived.
The final part of the equation which few know how things will play is the effect that the Russian diplomacy row might have on energy across Europe, indirectly this could feed into the UK.
29 August 2006
Prices continue to fall and it is looking unlikely that they will continue to rise in the near term. read more...
07 June 2006
The market has slipped on fundamentals which suggest that the slide could be here for some time, but there are still events in the pipeline which could force some things North. read more...
16 February 2006
Q4 '06 has hit historic lows and the market has a general bearish feel to it with the system awash with gas and oil prices falling steadily. Perhaps for the shorts now may not be a bad time to hedge some volume in the market. 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...
13 July 2005
Bears are back, downward spiral across all fundamentals is welcome relief for the shorts in the market. read more...
Natural Gas the one to watch
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. read more...
08 March 2010
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. read more...
Gas Imports Keep the System Balanced
Two GBAs in one week, use of Interruptible Supply Contracts and record temperatures but the system remains balanced and gas prices even drop during trading. read more...
08 January 2010
Two GBAs in one week, use of Interruptible Supply Contracts and record temperatures but the system remains balanced and gas prices even drop during trading. read more...
Gas Balancing Alert Issued
National Grid issues a rarely used Gas Balancing Alert following both supply and demand pressures. With severe weather warnings in place and freezing temperatures set to continue, will this be the last of the GBAs? read more...
05 January 2010
National Grid issues a rarely used Gas Balancing Alert following both supply and demand pressures. With severe weather warnings in place and freezing temperatures set to continue, will this be the last of the GBAs? read more...
Out with the Old, In with the New
During the last day of trading in 2009, the UK Power curve closes down but what will the New Year hold in store? read more...
31 December 2009
During the last day of trading in 2009, the UK Power curve closes down but what will the New Year hold in store? read more...
Where's the certainty?
There was a time when you could quite comfortably forecast the running order of generation plant in the UK - but 2009 has seen a dramatic turn in the stack! read more...
23 December 2009
There was a time when you could quite comfortably forecast the running order of generation plant in the UK - but 2009 has seen a dramatic turn in the stack! read more...
So the Bears continued to dominate in quiet trade
A lack of liquidity dominated the UK Energy Markets again this week with what activity there was focusing in on the Winter 10 seasonal contract. read more...
06 August 2010
A lack of liquidity dominated the UK Energy Markets again this week with what activity there was focusing in on the Winter 10 seasonal contract. read more...
All Quiet....
A very quiet day in the UK energy markets which saw very little traded during the period - hardly surprising given the combination of usual Friday slowdown, holidays, a comfortable system as well it being the last traded day of the month. read more...
30 July 2010
A very quiet day in the UK energy markets which saw very little traded during the period - hardly surprising given the combination of usual Friday slowdown, holidays, a comfortable system as well it being the last traded day of the month. read more...
Natural Gas the one to watch
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. read more...
08 March 2010
The power curve ended the week down feeling the pressure from the fuel curves as well as healthy supply situation. Looking forward, the gas market is the one to watch as it continues to dominant the fuel mix accounting for 50% of generating plant. 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...
Bearish Gas Market
The short system seen during the week provided little support in a bearish market. read more...
04 September 2009
The short system seen during the week provided little support in a bearish market. 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...
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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