Sign in to the Open platform for instant MIHere’s the latest Open Market Snapshot – the weekly update that keeps commercial buyers to up-to-speed with UK energy markets.

It’s just part of the Market Intelligence we publish every week, including our in-depth Open Market Report and the twice-daily market notifications available for every user of our Open platform.

Open Market Intelligence comes straight from our Performance Traders – it’s the same insight that backs our Open Performance Fund and helps our customers locate and secure the best energy contracts, no matter their buying type.

> Market Snapshot: 28 January 2019

Open Energy Market Snapshot

Currency: Sterling vs Euro

MS Sterling 20190128

Economics

  • More US-China trade talks are planned for Wednesday and Thursday of this week
  • The US Federal government shutdown has ended for the moment
  • There is the potential for the UK government to introduce martial law in the event of a no-deal Brexit
  • France has warned there will be no renegotiation of the Brexit deal
  • Several money managers believe the pound’s recent gains on Brexit optimism is overdone

Brent Crude Evolution

MS Brent 20190128

Oil

  • Ongoing economic concerns and a climbing US rig count have weighed on oil prices at the start of the week
  • The white house hasn’t ruled out attacking Venezuela militarily as the current regime resists calls for fresh elections. Venezuela has the world’s largest oil reserves
  • An extended Arctic blast is about to hit the US Midwest and Northeast. The weather has the potential to increase the demand for heating oil

UK Gas (Summer’19) – [indicative of the Power Market]

MS Summer Gas 20190128

Gas & Power

  • The two-week temperature forecast continues to show below seasonal normal conditions across Western Europe and the UK for the duration of the period
  • European gas storage levels are now 7.5% above last year’s levels at this time, versus 10% above last week
  • There are 3 LNG tankers expected into the UK in the next week, but there is no visibility on cargos beyond that point
  • Power prices are closely following gas prices

The insight that powers our Open Performance Fund’s market-beating results

The Gas and Power fund that brings our performance to your portfolio

http://info.openener.gy/performance-tradingWe developed the Open Performance Fund as a new route to flexible energy contracts. It’s a simple model that targets performance, sharing the savings with our customers. A growing number of fund members have confidence in our risk-managed approach as well as our constant performance.

And performance is key. We not only publish our seasonal results; we’re the only energy consultancy with independently verified historical performance in the energy consulting industry, we’ve outperformed the market for over two years.

Built by industry experts, with the input of energy users, the benefits are clear:

  • Access the wholesale energy markets through the Fund driven by performance
  • Our Fund members have confidence in published results and live tracking through the Open platform
  • Our unique shared savings structure keeps the emphasis on performance and the benefits for energy buyers
  • 100% out-performance since the fund’s inception with all results Independently verified by a Top-25 City firm

 Learn more about our Open Performance Fund and see the latest results

platform-square-open-market-reportOpen Energy Market SnapshotsOpen Energy Market Personalised Forecast

Open Energy Market Platform Notifications

 

By | 2019-01-28T14:09:39+00:00 January 28th, 2019|Market Snapshot|