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: 25 February 2019

Open Energy Market Snapshot

Currency: Sterling vs Euro

Market Snapshot Sterling 20190225

Economics

  • Donald Trump has delayed the March 1st China Tariff Deadline as trade talks with China progresses
  • The Shanghai Composite Index rose 5.6% on Monday due to the potential for US-China trade deal
  • The EU is reportedly considering delaying Brexit by up to 2 years to avoid a chaotic UK departure. Sterling remains flat against the euro at the start of the week

Brent Crude Evolution

Market Snapshot Brent 20190225

Oil

  • US Vice President Mike Pence says the US will announce new “clear actions” against Venezuela on Monday after US aid was blocked at the Colombian border on Friday
  • US sanctions on Iran’s oil industry will come back into focus in the coming weeks as waivers against sanctions granted by the US to certain countries will expire
  • US domestic oil production figures continue to reach record levels with the EIA expecting the US to become a consistent oil exporter by the end of 2019

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

Market Snapshot Summer Gas 20190225

Gas & Power

  • European gas storage levels are 24% above last year’s levels at this time
  • The two week temperature forecast shows conditions above seasonal norms across Western Europe for the duration
  • 3 LNG tankers are expected into the UK by the 5th of March
  • 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

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By | 2019-03-04T09:57:57+00:00 March 4th, 2019|Market Snapshot|