Market News

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Energy Futures Wholesale Pricing

Energy Futures Pricing Launched. Vervantis secure cloud-based energy portal DataHub360™ is proving even more popular with energy procurement professionals now that it includes the latest wholesale market pricing for deregulated markets across the United States. Contracts for natural gas, electric power, fuel oils, coal and just about everything else energy you can imagine are now available to clients and included as part of any standard energy solution. VP of Operations John Warrick said “Vervantis is a data-driven company. My vision from our [...]

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Commercial Energy Prices

Commercial Energy Prices – It’s time to stop the Creep! Commercial energy prices have been rising, with more snow on its way over the next few days, several states continue to deal with “severe” winter weather and the impact on prices from supply and demand. Natural gas spot prices have remained steady, even though this winter has seen more natural gas withdrawn from storage than at any other time in history. Interestingly, after last Friday’s storage report showed weekly withdrawals [...]

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Oil Price Steadies Decline

Oil price steadies decline after tumbling to the lowest level since before OPEC reached an output-reduction deal as U.S. shale confounds the producer group’s attempts to prop up prices. Prices are approaching an 8 percent decline this week, bringing the U.S. benchmark crude back to levels last seen before the Organization of Petroleum Exporting Countries signed a six-month deal in November to curb production and ease a global glut. The drop in prices is being driven by expanding U.S. output [...]

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Brexit Energy Matters

Brexit Energy Brexit energy matters greatly. It was fascinating to watch the drama unfold as UK votes were counted, and as reality dawned that there would be a British exit (Brexit) from the European Union, the true picture of leave vs remain started to unravel.  The margin was incredibly slim, first, there was an initial wave of relief for traders as they believed as predicted Britain would remain in the EU, this suddenly turned to panic and a scramble to unwind [...]

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