Inprova Energy
Inprova Energy

Monthly Market Update - March 2014

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Source: Inprova Energy

  • Electricity and gas prices have moved down significantly since the start of February across both near term prices and those further ahead.
  • The fears over an escalation of the crisis between Russia and Ukraine faded, with some of the rises felt to be an overreaction. However the situation still remains unresolved.
  • The extremely healthy supply situation took over once again and prices have been moving down steadily, with gas storage levels in the UK currently at 53%, compared to just 6% at the same time last year when the UK was gripped by freezing weather. This comfortable situation is replicated across Europe.
  • Traders are suggesting the comfortable storage situation could be a bearish factor for a few months to come. Temperatures are currently predicted to be above average into June.
  • Production from UK gas fields has been strong and a few more LNG cargos have also arrived in the UK, adding to the bearish situation.

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The information supplied is given without any assumption of liability and the customer accepts that we are not liable for use of said information. We make strenuous efforts to ensure that the information in this post is obtained from very reliable sources but we can’t guarantee its accuracy.

The views expressed here are those of the authors and not intended to provide advice or recommendations, as the customer is solely responsible for its market decisions. Owing to the volatile nature of the markets the views expressed may be subject to change without notice.

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