Oil prices nudge up today – DMR

Oil has seen a “really strong week” according to the daily market report, with Brent currently trading at around $58 (£37.8) a barrel. Ben Spry, Optimisation Desk Manager at npower said: “Key players in the market are buying it at the moment with a view to storing it and maybe selling it at higher levels […]

Oil giants must “curb spending” to cap debts

Debts for oil companies could soar because of the the recent drop in oil prices, suggests new analysis. Oil giants will need to curb spending by 37% to keep their debt levels steady if Brent crude oil remains at $60 (£38) per barrel, according to the research by Wood Mackenzie. This is on top of an extra $9bn […]

Brent oil price dips down to lows again – DMR

The price of Brent crude oil dipped to its recent lows today, according to the daily market report from npower. Speaking from the supplier’s trading floor in Swindon, Optimisation Desk Manager Ben Spry said: “We’re always looking at [Brent oil] for a good story and it’s trading back down towards its recent lows, around $82 […]

Iraq conflict ‘threatens OPEC oil supply’

The escalating violence in Iraq threatens supplies from OPEC’s second largest oil producer, according to the daily market report from npower. “Repairs at the main pipeline from the Kirkuk oil field to the Mediterranean port of Ceyhan and Turkey have been halted as a result”, Client Portfolio Manager Steve Walker said. The oil market “headed […]

UK gas system ‘comfortable’

The gas system in the UK is “comfortable” today as it has picked up flows from the Netherlands, according to the Market Report. That has led to contracts trading a “fair bit lower” compared to last Friday, says Tom Matthews (pictured), Client Portfolio Manager at npower. There were limited gas flows into the UK last […]

The Market Report – 28th January 2014

Find out about what’s influencing gas supply, power prices and what you should watch out for in this weekly update on the energy market from Ben Spry, Optimisation Desk Manager at npower. If you are blocked from seeing this video and would like your own download, please email [email protected]

The Market Report – 14th January 2014

Find out about what’s influencing gas supply, power prices and what you should watch out for in this weekly update on the energy market from Ben Spry, Optimisation Desk Manager at npower. If you are blocked from seeing this video and would like your own download, please email [email protected].com.

Low temperatures last week reduced gas storage levels

The UK saw “strong withdrawal” from gas storage facilities last week due to the fall in temperatures – leaving them only 27% full. The statistics from npower’s weekly market report is in contrast to storage being 43% full at the same time last year. However, Magali Hodgson (pictured), Optimisation Desk Manager at the energy firm […]

The Market Report – 28 August 2012

Why was Brent oil volatile again this week? How are hopes of fiscal stimulus in the Eurozone affecting prices? Hear about the latest trends in power prices from Ben Spry, Client Portfolio Manager at npower’s Optimisation Desk in this weekly market report.

The Market Report – 7th August 2012

ELN – The Market Report – 7th August 2012 provided by npower.