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27 Apr 2017 | Filed under: Energy Updates | Tagged:

Energy Update for 27th April 2017

In general quite a quiet week last week. Prices in the short term increasing a little bit. Further out along the curve though, prices falling away.

The main driver for gas prices at the beginning of the week was as a result of the increase and demand following the Bank Holiday weekend and the colder weather. Also, there was some concern around earthquake damage at the Groningen gas field, which helped support prices. However, there was a bit of over exaggeration in that and it was re-corrected around about Thursday time, but as the week closed, prices started to increase again, mainly as a result of fears of the colder weather that is expected this week.

Further out along the curve though the impact of oil prices did seem to have an effect. Oil prices have been falling off quite rapidly over the last week and as a result, we saw a fall off in prices out in the further seasons and years.

The drop off in oil prices can mainly be attributed to the increase in production and output from the US, which is counteracting the production caps that the OPEC nations have been trying to impose over the last few months.

If you have any questions about this report, or anything else that’s going on in the energy industry, or anything that might help your business improve its efficiency and profitability then, please contact Auditel for a no obligation Strategic Cost Review

10 Apr 2017

Energy Update for 10th April 2017

Last week we saw prices increasing again slightly. Primarily driven by the gas system going short, despite the nice weather. Temperatures were quite cool, so demand increased a little bit and we also saw exports to Europe keeping the system Read on →

Filed under: Energy Updates
03 Apr 2017

Energy Update for 3rd April 2017

Last week saw prices increasing across the board for the first time in some time. In the short term, there was some volatility as the gas system fluctuated from between being a long and short, and also due to some Read on →

Filed under: Energy Updates
27 Mar 2017

Energy Update for 27th March 2017

At the beginning of last week prices rallied a little as temperatures dropped and the gas system came back into balance after a period of being long. However, as forecast for April showed warmer weather, prices began to fall again, Read on →

Filed under: Energy Updates
22 Mar 2017

Energy Update for 21st March 2017

At the start of the week, the continued oversupply of gas kept prices down. However, that graded situation where the UK can start to export to the continent, which supported prices alongside a weakening pound. As the week progressed, despite Read on →

Filed under: Energy Updates
16 Mar 2017

Energy Update for 16th March 2017

This week overall prices were down again, particularly driven by the continued warmer weather, which has reduced heating demand and some quite healthy renewable generation. On top of that, a rallying pound towards the end of the week kept the Read on →

Filed under: Energy Updates
08 Mar 2017

Energy Update for 7th March 2017

This week has seen energy prices falling again, continuing the trend, which began around about January time. Increases in delivery of LNG, higher wind generation all supported the falling prices, alongside the decreasing demand due to the warmer weather. There Read on →

Filed under: Energy Updates
28 Feb 2017

Energy Update for 28th February 2017

Auditel’s Energy Pricing Report, covers the period from the 13th of February through to today, the 27th. Energy prices over the last fortnight have been particularly influenced by weather and warmer temperatures. Last week warmer temperatures in the very short Read on →

Filed under: Energy Updates