Energy and Utility Management Consultants

Recent Events Cause Market Ripples

May 2010

 

The end of April and start of May has seen several worldwide events which have resulted in an adverse impact on the energy markets - these include:

? The blown-out well at the bottom of the Gulf of Mexico which is leaking approximately 5,000 barrels of oil per day
? A recent drought in south-west China which has decimated hydro power and led to an increase in coal burning
? An explosion at a coal mine in Kemerovo, Russia, which produces more than 8 million tonnes of coal per year

As well as being human and environmental disasters, these occurrences combined have, in part, seen a rise in the prices of electricity and gas. Fortunately the markets are still in a terrific place to consider the closing of any outstanding forward contracts; it's advisable to think about acting sooner rather than later in case the predicted 'downward correction' doesn't occur as soon as we'd like.

Feel free to contact us using the details on these pages if you wish to discuss taking advantage of our Utility Bureau Service and expert Utility Consultants.

 

 

 

 

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