Market Update - DSBR cancelled for winter 2016
26th August 2016 | Posted by: Daniel Birkett | Industry News
The National Grid has decided to cancel Demand Side Balancing Reserve (DSBR) for the winter 2016 period as it was confirmed that minimal volume would be available at that time.
Market Update - More wells to be made available at Rough
23rd August 2016 | Posted by: Daniel Birkett | Industry News
Twenty storage wells are to be made available for withdrawals at Centrica’s Rough facility from the 1st of November; easing supply concerns.
Does the UK need Hinkley Point C?
17th August 2016 | Posted by: Daniel Birkett | Industry News
SSE Chief Executive, Alistair Phillips-Davies claims that there are enough ‘credible alternative projects’ in the UK to meet the nation’s needs, should Hinkley Point not go ahead.
Market Update - OPEC Freeze Deal still a possibility
15th August 2016 | Posted by: Daniel Birkett | Industry News
Last week’s statement released by OPEC has fuelled strong bullish movement on the oil market in recent sessions, with crude oil prices displaying their biggest weekly gains since April. OPEC confirmed that talks will be held next month in regards to taking action to stabilise the oil market, with some belief that a freeze on oil output could still materialise, helping Brent climb above $47/b.