Tag - natural gas

severe-winter-weather

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 Natural gas spot prices have remained steady, even though this winter has seen more natural gas withdrawn from storage than at any other time in history.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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Vervantis

A Fool and his Money

Managing Energy Price Risk A Fool and His Money are Soon Parted – The original proverb can be traced back to an English rhyme by Thomas Tusser in 1573. The actual version being: “A foole & his money, be soone at debate, which after with sorow, repents him to late”. This proverb keeps floating into my conscious. Perhaps because I have been in the energy business for long enough to know that the good times rarely stay for long. America has seen unprecedented quantities of [...]

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Vervantis Launches SME Business

Small is Beautiful SME energy procurement is launched. Vervantis Vice President Dan Moat, today announced the launch of a new service developed specifically for energy consumers in the Small and Medium Enterprise (SME) category.  Available across all deregulated regions, Vervantis are helping smaller users of electricity or natural gas get access to the most competitive energy rates available. Vervantis access a pool of over sixty top energy suppliers through an on-line bidding system.  Speaking about the launch, Dan said, “This new [...]

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shorts-on-the-line

Shorts on the Line!

Energy Shorts In the last seven weeks, those who have been watching the oil markets would notice a 50% increase in cost.  With a global market in oversupply, and crude stocks fast approaching their highest ever levels, it is right to wonder what might be causing this upward pressure. The answer in part appears to be shorts! Traders have been getting out of their energy shorts, and fast!  In fact, according to the U.S. Commodity and Futures Trading Commission, it was the largest on record. In the [...]

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oil-falls-bring-price-risk

Oil Falls From Three Month High

Oil Falls Impact Rig Count As some us awake bleary-eyed with an hour less sleep after the spring forward clock change, we find the markets have not been sleeping at all as oil falls. Oil has fallen from a three month high (by just over 3%) on the news that Iran will not be freezing its production, at least until it has reached its target output of 4m barrels per day. That means even less US oil and gas rigs will operate [...]

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