The recent bout of chilly weather has pushed near term power and gas prices higher, according to the weekly market report from npower. Sammy Blay, Client Portfolio Manager at npower’s optimisation desk said: “Weather was the main sentiment driver for near term power and gas prices as Arctic winds blew over the UK, sending temperatures […]
Why did the UK become gas destination hub of choice last week? What impact will nuclear talks with Iran have on energy markets? Find out in this latest market update, today we hear from npower’s Client Portfolio Manager Sammy Blay.
It was a “lacklustre” week for power and gas last week despite Brent crude oil prices hitting a nine month high of more than $119 per barrel, according to a weekly market report. Demand for gas and power rose as a result of “yet another cold spell” which saw temperatures dipping below seasonal norms, according […]
The power and gas markets in the UK during the last few weeks of 2012 were weaker due to warm temperature and low demand. That’s according to Magali Hodgson, npower’s Optimisation Desk Manager in our weekly Market Report. She said a combination of the industry shutdown because of the Christmas and New Year holidays and […]
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 financial sector needs far better regulation to counter the “disturbing” volatility of oil prices, according to the Organisation of Petroleum Exporting Countries (OPEC). The call comes as the Middle Eastern oil group noted yesterday how Eurozone sovereign debt fears have led to a “marked and steady fall” in oil prices in the past two […]
The European Central Bank’s stimulus package last week failed to rally power prices. This was despite initially counteracting the effect of bad weather and inconsistencies in gas flow to the UK, which drove prices down. According to Magali Hodgson, npower’s Optimisation Desk Manager, the last fortnight has seen “mixed messages” on the UK and European […]
The average price of oil from the Organisation of Petroleum Exporting Countries (OPEC) fell for the second straight month in May to $108.07 (£69.60) per barrel, it said today. The Middle Eastern oil group put the fall down to heightened Eurozone concerns, a steady rise in global crude stocks, a weakening economic outlook as well […]
A record $53.5billion (£34bn) passed hands in the global renewable energy sector in 2011, suggests new figures released today. The value of deals rose 40% in value worldwide, while in the UK deal values more than doubled to $3.2bn (£2bn), according to auditing firm PricewaterhouseCoopers’ annual review of the sector. The findings suggest the European […]
The economic situation in the Eurozone is set to be a major influence on prices in the UK’s energy market, according to the latest market update from energy supplier npower. As EU leaders meet in Brussels to thrash out a deal for the Eurozone this week, there’s a warning that the outcome could affect UK […]