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Monday, 19 April 2010 12:38 |
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Latest reports indicate that demand for oil will probably reach an all-time high sometime this year. Increased global consumption for oil, fuelled by a near-20 per cent leap in demand for oil in China, could not only delay economic recovery in the UK and continental Europe, but, for our Utility Management clients and Energy Management clients alike, could have the effect of pushing up prices of not just oil, but also of electricity and natural gas over the medium term.
As prices for electricity and natural gas are still relatively low (levels currently similar to those experienced as far back as June 2005), now is a very good time to think about contract renewals. We have arranged new contracts for most of our most of our Utility Management clients.
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