Interested in having the resources to do more? Discover how you can spend more time achieving your goals and reaching your full potential with ERA Group.

ERA Group is a network of 1,000+ specialists worldwide. We always have local expertise on your doorstep. ERA’s large network and depth of industry knowledge ensures our consultants deliver Value through Insight to your business.

Whether you would like to set up an initial meeting, gain more valuable insight into your industry or start the cost optimisation process, we can help you achieve your business mission and enable you to spend more time focusing on new initiatives and innovation, helping your business succeed.

Communications, Technology, And Utilities

Created by ERA Group

Energy Market News: 19th December

Brent crude oil prices rose to over $55.00 /bbl last week as the market anticipates a slightly tighter supply situation going into 2017.

The OPEC agreement to cut production looks more robust with Saudi Arabia indicating a commitment to cut production to below 10 million bpd if required.

Coal prices rose 6% on the news that China anticipates a cut in production in the next decade and a half.

Both day ahead and seasonal gas prices increased last week, partially on the back of the increased oil and coal prices.

Domestic demand increased for home heating and several outages across European pipelines supported price gains.

One LNG cargo is due to arrive into the UK this week and this will be the last scheduled cargo of the year.

Electricity price increases mirrored gas prices.

This despite the earlier than scheduled re-start of a number of French nuclear reactors.

The results of a recent survey revealed that only 13% of UK manufacturers believe that ESOS is helping to motivate businesses to take energy efficiency measures.

Article by: Richard Clayton

Back