Energy Report – January
Headlines Below seasonal norm temperatures LNG shipments heading to Asia New national lockdown Energy Overview As of the 5th January, Gas and Electricity Year Ahead Wholesale costs are higher, when compared to last month’s report. The price of Oil has steadily increased over the last month, from $49 to $53 a barrel, the highest since […]
Energy & Market Update – March
Overview As of the 11th March, Gas and Electricity Year Ahead Wholesale costs show slight increases when compared to last month’s report, but are still very low. The coronavirus has spread further afield, reducing Oil demand forecasts. OPEC’s meeting in March agreed production cuts to stimulate the price, requiring Russia to do the same. However, […]
Energy Market Update – October
As of the 9th October, Gas and Electricity Year Ahead Wholesale costs were lower when compared to last month’s report. Oil is down from $60 to $58 a barrel although we did see $69 following the drone attacks on Saudi Oil facilities, which also impacted on Gas and Electricity prices. OPEC and Russia look to […]