Rubbish from households in West London which can’t be recycled is set to power a new energy from waste plant. Waste firm SITA UK has won a £900million deal with the West London Waste Authority to manage up to 300,000 tonnes of household waste each year. The contract is worth £1.6bn as it includes the sale […]
A major North Sea pipeline remains shut down for the fourth day after an oil leak was found in one of the platforms. The leak on the Cormorant Alpha (pictured) led to the evacuation of 71 workers on Saturday as the Brent pipeline closed down. Abu Dhabi based owner and operator TAQA said the oil […]
Last week we saw a rise in both power and gas, npower’s Magali Hodgson explains the reasoning behind this & the effect that various fundamentals are likely to take in the technical price action ahead.
Watch npower’s Magali Hodgson as she brings you the latest power market news
Volatility remained in the wholesale market last week as geopolitical events kept oil moving from strength to strength. These were the words of npower Optimization Desk Manager, Magali Hodgson who said bullishness was seen across all fuel contracts. Magali Hodgson told ELN: “Tensions over Iran issues became heightened together with increasing violence in Syria and […]
Although I’m working on a few other posts, I’ve been distracted this past week by a number of key documents, speeches, and data releases (and of course, the omnipresent preoccupation of linking cartoons to commodities). Hither and thither, here are some observations I have cobbled together. 1 ) The EIA International Energy Outlook released on […]