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.
New Shares Issued to Help Fund Hinkley Point
28th July 2016 | Posted by: Daniel Birkett | Industry News
French energy giants, EDF have announced that an agreement has been made between its shareholders to release a new round of shares, in order to raise €4bn (£3.4bn) to help fund the Hinkley Point C nuclear power plant.
Potential Spikes in Gas Prices due to Ageing Storage Sites
15th July 2016 | Posted by: Daniel Birkett | Industry News
Ageing gas storage facilities in the UK could result in an increase in maintenance and a reliance on European imports in order to meet demand; potentially leading to sharp increases on the gas market.
Update - Project Nexus Pushed Back
7th July 2016 | Posted by: Daniel Birkett | Industry News
Following a consultation between Ofgem and selected industry participants it was decided that the launch date of Project Nexus would be pushed back to 2017. Previously scheduled to be implemented on the 1st of October 2016, the scheme is now set to be revised to ensure it is delivered successfully.
Brexit and its potential impact on UK Energy
29th June 2016 | Posted by: Daniel Birkett | Industry News
Volatility on the gas and energy markets has been evident since last Thursday’s EU referendum, with 52% voting in favour of ‘leave’. This has led to the Pound Sterling weakening against other major currencies, resulting a great deal of uncertainty amongst traders. However, the drop in the Pound isn’t the sole reason for this strong market movement.