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A nation that can't control its energy sources can't control its future. Barack Obama

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  • Wind generation started off low this week but picked up from Wednesday onwards producing more power than gas by the end of the week. The increase in this generation sent gas prices downwards even further. Temperatures last week were mild compared to seasonal norms, which supported the decrease due to reduced demand and continued healthy supply levels. Read More...
  • Last week temperatures remained below their seasonal norms, creating a significant demand for gas. Fortunately, the continued healthy gas storage levels and arrivals of three Liquid Natural Gas tankers in the UK helped to alleviate the pressure and soften demand, bringing prices down. Read More...
  • Healthy supply caused gas prices to fall last week despite temperatures being below seasonal norms. At present Liquid Natural Gas and Medium Range Storage are at the highest they’ve ever been at this point in the year. Electricity followed the gas prices down even though low wind generation increased the reliance on gas fuelled power plants throughout the week. Read More...
  • Oil prices increases mid-week and cold weather forecasts for the end of January created gas price increases of around 6%. Price increases were softened slightly due to European gas supply levels being the strongest they’ve been in over five years. Read More...
  • Gas prices fell considerably at the beginning of last week due to seasonal demands being so much lower than forecasts. Lessons learned from last years ‘Beast from the East’ have caused stocks to be oversupplied, just in case we’re hit with such cold temperatures again this year. Read More...

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