Oil falls again as Iraq looks set to increase production as Opec threaten to cut theirs.
Oil prices have fallen again today as the market responded to a fall in UK interest rates. It is clear that demand is likely to fall but also despite an Opec threat of a fall in oil prices, there are more encouraging signs that Iraq oil is increasing to pre-war levels and many international firms are looking to provide oil back to the West.
The timing is good given how high oil prices have reached and this should help power and gas prices also fall in the long term.
25 January 2008
Market slips on fundamentals which show growing supplies as demand fall on mild weather. read more...
30 November 2007
Oil prices head south as traders take profits and re-assess the fundamentals. read more...
25 June 2005
Market highs, put pressure on governments to intervene, who is likely to be the G.Soros of the power market. read more...
We have reached peak oil .... again?
Another article in the press this week suggests that we face peak oil imminently (we say another article because various academics have been reporting this fact periodically over the past few years). In any event, whether peak oil (the point at which growth in supply is less than the growth in demand) occurred this week, last month or last year, the point is we have, or are about to, reach a turning point and something ought to be done. read more...
31 July 2009
Another article in the press this week suggests that we face peak oil imminently (we say another article because various academics have been reporting this fact periodically over the past few years). In any event, whether peak oil (the point at which growth in supply is less than the growth in demand) occurred this week, last month or last year, the point is we have, or are about to, reach a turning point and something ought to be done. read more...
What type of recession will it be.
Economists are trying hard to work out if this recession will be a V, W or square root type of recession. read more...
13 May 2009
Economists are trying hard to work out if this recession will be a V, W or square root type of recession. read more...
Oil eases off
Oil bulls retreated as the markets digested the US oil stock levels. read more...
15 April 2009
Oil bulls retreated as the markets digested the US oil stock levels. read more...
Recent oil price rises will not last
The recent oil price increase seen last week has already started to fall and Powerisk explains why it will continue to stall. read more...
25 March 2009
The recent oil price increase seen last week has already started to fall and Powerisk explains why it will continue to stall. read more...
Oil increases turn gas more bullish
The oil market rose marginally to an change in US stock levels. read more...
25 February 2009
The oil market rose marginally to an change in US stock levels. 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...
Unseasonal Temperatures help to melt prices
Middle of November but no sign of wintery temperatures. The effect was to soften the prompt power market, which also felt the pressure from weak commodity curves. The downward trend fed through the power curve. read more...
16 November 2009
Middle of November but no sign of wintery temperatures. The effect was to soften the prompt power market, which also felt the pressure from weak commodity curves. The downward trend fed through 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...
What's Happening in the Back-End?
The back end of the curve is extremely difficult to trade. Those dipping their toe in tend to be Producers (with excessive length adjusting their risk positions) and Banks looking for some exposure. At the same time Retailers tend to be short-termist. read more...
19 June 2009
The back end of the curve is extremely difficult to trade. Those dipping their toe in tend to be Producers (with excessive length adjusting their risk positions) and Banks looking for some exposure. At the same time Retailers tend to be short-termist. read more...
Budget day sees the UK set lead on carbon
The chancellor stated that he wanted the UK to cut emissions by 34% by 2020. read more...
22 April 2009
The chancellor stated that he wanted the UK to cut emissions by 34% by 2020. 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...
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