Oil & Markets

 

Daily Energy Market Report 11th October 19: Sterling rebounded from recent lows yesterday as reports surfaced of productive talks between UK and Irish PMs.

Brighter prospects in reaching something resembling a Brexit deal over the coming weeks pushed the pound to record the largest daily gain on the euro since March.

Outlooks for progress in US-China talks have also improved after a positive first day.

Confidence may be short-lived given the tumultuous wider political environment, though Asian equities have been quick to positively react today.

Oil markets have also pushed higher, front-month Brent crude currently testing above $60/bbl.

 

Gas & Power

 

Support crept into contracts across the curve late on in Thursday’s session after a reasonably range bound day.

Limited liquidity in longer dated gas prices prompted more notable upside than seen in more short-term contract, where positive fundamental drivers continue to dampen moves.

Carbon ticking higher together with coal forwards holding the previous sessions gains added value into power forwards.

The prospect of diminished barriers to global trade and the implications for energy demand may leave room for further upside, though current positivity is hardly concrete.

Daily Energy Market Report 11th October 19 brought to you by British Utilities

, , , , , , , , , , ,
Previous Post
Businesses and charities call for energy efficiency push
Next Post
Global carbon tax ‘needed to tackle climate crisis’

Related Posts

Daily Energy Market Report Thursday 28th Feb 19

Daily Energy Market Report Thursday 28th Feb 19. The market opened relatively flat from the close after a bullish end to yesterday. The gas market rallied off the back off a bullish trend in Brent Crude, caused by an unexpected build in Crude oil inventories. The gas market has softened this morning as warmer weather…
Read More

Low carbon business models ‘must be led from the top’

That’s the verdict from Gillian Noble, Sales Director at ScottishPower, who spoke to ELN Editor Sumit Bose at this year’s Energy Live Consultancy Conference at the Etihad Stadium in Manchester

The post Suppliers’ transitions to low carbon business models ‘must be led from the top’ appeared first on Energy Live News.

Read More
Menu