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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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Brexit issues affect energy prices

Wholesale Energy Market Update 7/12/2018

Last week, the markets saw a continuation of minimal overall movement whilst traders again tried to absorb events. There was an eventual OPEC agreement to cut output by 1.2 million barrels per day in the short term, after a tricky meeting that saw Iran secure an exemption and Russia and Saudi Arabia commit to reducing…

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Wholesale Energy Market Update 30/11/2018

In the UK, cooler weather saw demand rise and despite healthy supplies and high wind output, the system was slightly undersupplied. The colder British weather sparked an increase in demand, resulting in the system being under-supplied (although only marginally). This was surprising considering good supplies and wind output. There were continued arrivals of LNG to…

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Wholesale Energy Prices Update 23/11/18

There were continuing market falls last week as the cold came and went with little impact and oil stayed down. Last week’s anticipated problems from the cold Europe weather never materialised, negating the already built-up risk premium, compounded by more temperate forecasts coming through. Oil maintained its downward trajectory with a sharp drop, as Saudi…

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Wholesale Energy Prices Update 09/11/18

After recent volatility, markets cooled down last week. Business prices for wholesale gas and electricity barely moved as traders looked for clear direction. The United States agreed to allow eight countries to continue buying oil from Iran, which led to some small price dips. Saudi Arabia and Russia also pumped out record volumes of oil…

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