by Buying4You | Mar 27, 2017 | Uncategorized
Prior to his inauguration in January 2017, Mr Donald Trump had set his sights on the reform of ‘Obamacare’, repeatedly commenting throughout his Presidential Campaign that he would break what was one of Mr Barack Obama’s most prized reforms of his Presidency. The defeat of Mr Trump this week was a huge blow to his Presidency as it is clear that although his Republican Party have a majority there are still divisions within it. Because of this defeat, markets are nervous about the possibility of the Trump Administration failing to push through the market friendly Tax Reforms, with the record highs that the Dow Jones reached early this year being eaten into slightly. Furthermore, reports published last week saw US Existing Home Sales down by 3.7% in February and, for the first time since 2013 House Prices stalled. Although Chinese House Prices have stalled since the start of the year, it is important to note that the Government Intervention there, had seen prices stall in what was a booming market – tighter credit regulations and increases in the minimum deposit have been used to cool the overheated market, so comparisons between US and Chinese Housing Markets would be unwise, but it does seem that the honeymoon period for the 45th President may be over. Calming Energy Markets In addition to Gas and Electricity offers being helped by the strength of the British Pound, a slight decline in demand as milder weather starts to return, and a reduction of Oil Prices has most certainly helped. As a result, Electricity Front Month offers have reduced by 9.94% since the start of...
by Buying4You | Oct 12, 2016 | Uncategorized
There was certainly an air of panic within Energy Markets last week, with price matrices suspended for periods of time and bespoke quotes provided then withdrawn due to spikes within the market. Oil Prices continued to show positive signs, continuing its momentum after the OPEC production cap was announced in late September. Over the course of the week, oil prices rose by 3.17% reaching a high of 52.50 $/bl, posting it highest price since early June. This cocktail of the crashing pound and rising Oil Prices spelt bad news for Electricity and Gas Prices. Both of which showed spikes, with intraday Gas pricing being as volatile as the immediate aftermath of the Brexit Vote. Gas Prices spiked on Thursday, where Front Month offers reached 45.203 p/therm an increase of 7.59% since the start of the week. In terms of a conclusion, it is hard to predict the next path that markets will take. As you could imagine the British Pound is under the microscope and will be for some...
by Buying4You | Aug 16, 2016 | Uncategorized
Short lived increase in Gas Markets There was a slight increase on Gas markets immediately before and for a while after the announcement of an interest rate cut, however the increases were short lived. The weakness of Oil prices can be attributed to this, as can the revised temperatures of the next week being higher than first thought. Winter Supply concern Supply worries over the winter persist, especially after the announcement of planned maintenance of the Rough Storage facility until March/April 2017 In Short: It is advised to take advantage of the slight dip in the market and fix for 1-2 years, however proceed with caution and keep a close eye on oil market...
by Buying4You | Jul 25, 2016 | Uncategorized
Answer these simple questions to identify if you can save money on your utility bills (Gas, Electricity, Telephone, Mobile & Broadband), and then find out what you can do about it. Are you...
by Buying4You | Jul 22, 2016 | Uncategorized
On Friday Afternoon, Centrica Storage Limited announced that the Rough Storage Field, will be out of order until March/April 2017. This storage facility accounts for 70% of Total UK storage capacity, due to being out of order there will be no injections or withdrawals of gas from the...
