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: 04 March 2019

Open Energy Market Snapshot

Currency: Sterling vs Euro

Market Snapshot Sterling 20190304

Economics

  • Headlines at the start of the week talk of the potential for a US-China trade agreement at a summit between President Trump and Chinese President Xi, probably around March 27th
  • Shelling has continued between India and Pakistan along the line of control in Kashmir after recent aerial clashes between the two nuclear powers
  • UK Chancellor of the exchequer Philip Hammond has promised to increase public spending if MPs approve Theresa May’s Brexit agreement. Sterling has traded near 1.16 to the euro since last week

Brent Crude Evolution

Market Snapshot Brent 20190304

Oil

  • The potential for a US-China trade deal and OPEC production cuts are providing support to oil prices currently
  • The US is discussing emergency aid for Venezuela should the Maduro regime fall, including IMF loans. The opposition leader in Venezuela is completing a tour of South American countries
  • US oil production continues to make new record highs with 1 million barrels per day of new production expected to be added in 2019

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

Market Snapshot Summer Gas 20190304

Gas & Power

  • There are 6 LNG tankers expected into the UK by the 15th March
  • European gas storage levels are 60% above levels at the same time last year
  • Bloomberg said on Monday that carbon futures could triple, which would spur further gains in other markets including gas and electricity

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 | 2019-03-04T15:53:21+00:00 March 4th, 2019|Market Snapshot|