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Wholesale Energy Prices Update 29/3/2019

Wholesale energy prices corrected last week, with all recovering some of their value. Oil prices rose for the first-time weeks as confidence in OPEC production fell to its lowest level since 2015 in March. This price rise was despite US supply, which continues to grow and mounting concerns about a global market slowdown. European carbon…

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spring 2019 pushes energy prices down

Wholesale Energy Prices Update 15/03/2019

As the milder weather came into effect last week, the markets witnessed a sharp fall. There was continuing movement in oil though, with traders seeking direction, yet with little change overall. Perennial market influencers jostled to provide definitive market direction in competition with pressure from the shaky global market, the OPEC cuts, plus increases in…

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LNG Surge Drives Gas Prices to 18-Month Low

A surge in liquefied natural gas (LNG) imports helped drive wholesale gas prices down to an 18-month low in Britain. Looking for a new business gas contract? Speak to our energy broker team today. Call: 0800 043 0423. This month, Britain is set to receive 14 boats carrying 1.18 million tonnes of LNG. That’s the…

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Wholesale Energy Prices Update 08/03/2019

Price pressure eased last week as, without seasonal norms, traders looked for any firm direction. Oil prices moved throughout the week but finished at about the same price as the start of the week as the rival forces of strong production and falling confidence in global demand remained in balance. European carbon prices stayed volatile…

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Wholesale Energy Prices Update 08/02/2019

Wholesale energy prices fell again last week as more risk was sucked out of the market. Ongoing gas supplies remain healthy across Europe and a dip in the price of coal both contributed to downward pressure. The price of oil stagnated somewhat as opposing factors competed for dominance. In his State of the Union address,…

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Wholesale Energy Prices Update 01/02/2019

Business energy markets pulled in different directions last week as the supply of gas held firm across Europe but oil prices increased. A well-gas system in Europe put downward pressure on energy prices, but a perception of OPEC cuts and no end to the US-China trade dispute made market traders wary. The political crisis in…

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Wholesale Energy Prices Update 25/01/2019

Exaggerated reports about an extended cold spell and a brighter outlook for the pound caused prices to fall again last week. European gas systems coped will with a cold snap and storage levels look strong for this time of year, so a shortage that would increase prices seems unlikely. Oil prices, which influence gas and…

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Wholesale Energy Prices Update 18/1/2019

With the arrival of winter proper last week, the markets saw a significant rebound. This was helped further by oil’s recovery as traders finally took OPEC at its word re the production cuts, although continual increases in US volumes tempered this. The wintry weather reached Europe and there was heavy snow across The Alps. However,…

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opec production cuts affect the market

Wholesale Energy Prices Update 11/1/2019

It was a week of mixed fortunes in the markets. It became evident that indeed OPEC had cut supplies, with Saudi Arabia and Russia slashing their exports, and in response oil bounced back significantly. Better news re the China-US trade stand-off added to this rebound, although it was tempered by ongoing general concerns over a…

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Wholesale Energy Prices Update 4/1/2019

Once again, the market saw a quieter (and shorter) week, with the majority of the energy complex barely moving. This was despite oil’s sharp recovery, instigated by signs that Saudi Arabia reduced exports in December, appearing to reinforce OPEC’s announced cuts. We still look to be heading toward a possible global slowdown, considering the ongoing…

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