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Tough economic conditions and poor summer weather have led to declines in wholesale energy prices. Gas and electricity prices fell to new lows in June and are significantly lower than a year ago. Falling power prices have reduced spark spreads by 7% and dark spreads by a smaller amount. Weak economic growth in Europe, the US and China have pushed down international energy markets and commodity prices like oil and coal. Lower energy prices have benefited consumers but poor weather has increased gas demand from households and small businesses in the UK. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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This document summarizes recent trends in the UK wholesale energy supply market. Prices for gas, electricity, and coal have fallen significantly over the past year due to slowing economic growth and mild weather. Lower energy costs have provided temporary relief for the British economy. However, increased gas demand from households and businesses due to unusually cold and stormy weather in June has helped offset reduced demand from large industrial consumers. The future direction of energy prices will depend on developments in the Eurozone crisis and economic performance in the US and China.
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Falling power and energy prices over the past year have benefited consumers but hurt producers. Weak global economic growth, particularly in the US and China, has decreased demand and pushed down prices for crude oil, gas, and coal. Unusually cold and stormy weather in the UK in June increased residential gas usage but decreased industrial usage. Overall, lower energy costs have provided a temporary boost to the British economy. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Wholesale energy prices have fallen significantly over the past year due to slowing economic growth in Europe, the US, and China. Poor summer weather in the UK has led to higher gas demand from households and small businesses, even as demand from large industrial users has decreased. Overall, lower energy costs have provided a temporary boost to the British economy. Future price movements will depend on developments in the Eurozone crisis and economic conditions in the US and China.
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Tough economic conditions and poor summer weather have led to declines in wholesale power prices in the UK. Annual gas and electricity prices are down 15-22% from last year due to concerns over debt in Eurozone countries and slowing growth in the US and China, which have pushed down global energy markets. While consumers are benefitting from lower bills, unusually cold and stormy weather in June increased UK gas demand from households and small businesses. The performance of the UK economy appears closely tied to gas consumption by these consumers. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
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Falling power costs in the UK were driven by slowing economic growth in the US and China, which lowered international energy market prices. Wholesale gas and electricity prices declined significantly year-over-year in June. Despite lower prices benefiting consumers, the poor summer weather in the UK increased gas demand from households and small businesses, offsetting reduced demand from large industrial users. The biomass market was an exception, with contract prices up slightly from a year ago. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Tough economic conditions and poor summer weather have led to declines in wholesale power prices. Annual gas costs are down 15% and wholesale power prices have fallen 22% year-over-year due to concerns over debt in Eurozone countries and slowing growth in the US and China. While consumers have benefited from lower energy prices, providing a temporary boost to the UK economy, gas demand from households and small businesses has risen due to the unusually cold and stormy weather.
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Falling power costs in the UK were driven by concerns over debt in Eurozone countries and slowing economic growth in the US and China, which pushed down international energy markets. Wholesale power and gas prices declined significantly year-over-year. While the wet weather negatively impacted the gas supply system, lower costs provided relief to UK consumers and helped support the domestic economy. However, prices may rise again depending on developments in the Eurozone crisis and economic performance of the US and China.
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Bad weather in the UK and slowing economic growth in major markets like the US and China have pushed down wholesale power and energy prices over the past year. Lower prices for natural gas, coal, and crude oil have resulted in annual gas prices being 15% lower and power costs reaching two-year lows. However, increased gas demand from households and small businesses due to unusually cold and stormy weather in the UK has partially offset lower industrial usage. Overall, lower energy costs have provided some economic relief for British consumers and businesses. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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This document summarizes recent trends in the UK wholesale energy supply market. Prices for gas, electricity, and coal have fallen significantly over the past year due to slowing economic growth and mild weather. Lower energy costs have provided temporary relief for the British economy. However, increased gas demand from households and businesses due to unusually cold and stormy weather in June has helped offset reduced demand from large industrial consumers. The future direction of energy prices will depend on developments in the Eurozone crisis and economic performance in the US and China.
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Falling power and energy prices over the past year have benefited consumers but hurt producers. Weak global economic growth, particularly in the US and China, has decreased demand and pushed down prices for crude oil, gas, and coal. Unusually cold and stormy weather in the UK in June increased residential gas usage but decreased industrial usage. Overall, lower energy costs have provided a temporary boost to the British economy. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Wholesale energy prices have fallen significantly over the past year due to slowing economic growth in Europe, the US, and China. Poor summer weather in the UK has led to higher gas demand from households and small businesses, even as demand from large industrial users has decreased. Overall, lower energy costs have provided a temporary boost to the British economy. Future price movements will depend on developments in the Eurozone crisis and economic conditions in the US and China.
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Tough economic conditions and poor summer weather have led to declines in wholesale power prices in the UK. Annual gas and electricity prices are down 15-22% from last year due to concerns over debt in Eurozone countries and slowing growth in the US and China, which have pushed down global energy markets. While consumers are benefitting from lower bills, unusually cold and stormy weather in June increased UK gas demand from households and small businesses. The performance of the UK economy appears closely tied to gas consumption by these consumers. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
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Falling power costs in the UK were driven by slowing economic growth in the US and China, which lowered international energy market prices. Wholesale gas and electricity prices declined significantly year-over-year in June. Despite lower prices benefiting consumers, the poor summer weather in the UK increased gas demand from households and small businesses, offsetting reduced demand from large industrial users. The biomass market was an exception, with contract prices up slightly from a year ago. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Tough economic conditions and poor summer weather have led to declines in wholesale power prices. Annual gas costs are down 15% and wholesale power prices have fallen 22% year-over-year due to concerns over debt in Eurozone countries and slowing growth in the US and China. While consumers have benefited from lower energy prices, providing a temporary boost to the UK economy, gas demand from households and small businesses has risen due to the unusually cold and stormy weather.
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Falling power costs in the UK were driven by concerns over debt in Eurozone countries and slowing economic growth in the US and China, which pushed down international energy markets. Wholesale power and gas prices declined significantly year-over-year. While the wet weather negatively impacted the gas supply system, lower costs provided relief to UK consumers and helped support the domestic economy. However, prices may rise again depending on developments in the Eurozone crisis and economic performance of the US and China.
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Bad weather in the UK and slowing economic growth in major markets like the US and China have pushed down wholesale power and energy prices over the past year. Lower prices for natural gas, coal, and crude oil have resulted in annual gas prices being 15% lower and power costs reaching two-year lows. However, increased gas demand from households and small businesses due to unusually cold and stormy weather in the UK has partially offset lower industrial usage. Overall, lower energy costs have provided some economic relief for British consumers and businesses. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Falling energy prices in the UK were driven by slowing economic growth in the US and China as well as concerns over debt in Eurozone countries. Wholesale gas and electricity costs declined significantly year-over-year in June. Despite unseasonably cold and stormy weather increasing gas demand from households and small businesses, overall demand from large consumers was down, indicating challenges for the productivity of the UK economy. However, lower energy costs provided some economic relief for British consumers and businesses. Future price movements will depend on resolutions to the Eurozone crisis and the economic stability of the US and China.
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Lower energy prices in the UK were driven by slowing economic growth in the US and China as well as concerns over debt in Eurozone nations like Greece. Wholesale gas and electricity prices fell significantly year-over-year in June. Despite unseasonably cold and stormy weather driving up gas demand from households and small businesses, overall demand was down, indicating struggles for large industrial consumers. However, lower energy costs provided some economic relief for British consumers and businesses. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Falling power and energy prices have provided temporary relief to the British economy. Wholesale power and gas costs have declined 15-22% year-over-year due to slowing economic growth in Europe, the US and China. While industrial demand is down, residential usage has risen due to unseasonably cold and stormy weather in the UK, indicating households and small businesses are supporting the economy. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
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Falling energy prices in the UK were driven by slowing economic growth in the US and China as well as concerns over debt in Eurozone countries like Greece. Wholesale gas and electricity prices dropped significantly from a year ago, benefiting consumers with lower bills. Unusually cold and stormy June weather increased gas demand from households and small businesses, even as demand from large industrial users decreased. The stability of the retail energy market and drops in fuel costs at the pump have provided a temporary respite for the British economy.
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Tough economic forces and poor summer weather have put pressure on the wholesale energy supply market. Energy prices have fallen substantially over the past year, with annual gas costs down 15% and electricity costs down 22% compared to the same period last year. Lower global demand from slowing economies in Europe, the US and China has pushed down oil and coal prices. While consumers have benefited from lower energy bills, unseasonably cold and stormy weather in the UK has led to increased gas usage by households and small businesses. The future direction of energy prices will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Tough economic conditions and poor weather have impacted the wholesale energy supply market, driving prices lower. Annual gas and electricity costs have fallen 15% and 22% respectively due to concerns over debt in Eurozone countries and slowing growth in the US and China. While consumers benefit from lower prices, the unusual cold and wet weather has driven up gas demand from households and small businesses in the UK. The future direction of prices will depend on whether the Eurozone crisis is resolved and the economic health of the US and China.
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Tough economic forces and poor summer weather have pushed wholesale power prices lower. Annual gas and electricity prices are down 15-22% from last year due to falling global energy demand and prices. Biomass prices have held steady and are slightly higher than last year due to a new biomass plant approval. Unusually cold and stormy June weather in the UK has increased gas demand from households and small businesses compared to last year. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
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Tough economic forces and poor summer weather have pushed wholesale power prices lower. Annual gas and electricity prices are down 15-22% from last year due to falling global energy demand and prices. Biomass prices have held steady and increased slightly due to a new biomass plant approval. Unusually cold and stormy June weather in the UK increased gas demand from households and small businesses. Wholesale power prices over the next few weeks will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
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Wholesale power prices have fallen significantly in recent months due to slowing economic growth in the US and China, which has pushed down international energy markets. While this lower cost of energy has benefited consumers, the unusually cold and wet weather in the UK in June led to higher gas demand from households and small businesses compared to the previous year. Overall, gas usage has acted as a barometer for the UK economy, with domestic consumption increasing despite reductions in demand from large industrial users. Future price movements will depend on developments in the Eurozone crisis and economic conditions in the US and China.
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The document summarizes recent trends in the wholesale power supply market in the UK. Prices for annual gas, energy, and spark spreads fell significantly from the previous year, driven down by concerns over debt in Eurozone countries and slowing economic growth in the US and China. However, lower energy prices have benefited consumers, with falling prices at petrol pumps and in electricity and gas bills providing some relief for the British economy. Biomass prices have held steady and increased over the past few months. Unusually cold and stormy weather in June drove up gas demand in the UK, with household and small business usage rising while demand from large consumers fell. Future energy prices will depend on developments in the Eurozone crisis and economic conditions in the
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Tough economic forces and poor summer weather have driven down wholesale energy prices. Annual gas and electricity prices are 15-22% lower than last year due to concerns over debt in Eurozone nations and slowing growth in the US and China. However, lower energy costs have benefited consumers, with fuel and utility costs declining in real terms. Despite lower biomass contract prices, biomass costs are still higher than a year ago due to a new biomass plant approval. Unusually cold and stormy June weather in the UK drove up gas demand from households and small businesses. Future energy price movements may depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
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Tough economic conditions and poor summer weather have led to declines in wholesale power prices. Annual gas and energy costs are down 15-22% from last year, while falling fuel costs have decreased spark spreads by 7% and dark spreads by a smaller amount. Lower economic growth in the US and China has reduced demand and driven down Brent crude oil and coal prices. While the poor weather has meant lower than expected summer demand for power generation, household and business gas usage is up significantly, indicating continued economic activity at the consumer level. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
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Tough economic conditions and poor weather in the UK have led to declines in wholesale energy prices. Gas and electricity prices fell by 15-22% year-over-year in mid-June due to low global energy demand from slowing economies in Europe, the US and China. Unseasonably cold and stormy weather in the UK increased gas demand from households and small businesses, offsetting declines in industrial use and highlighting the economy's continued reliance on energy consumption. Future price movements will depend on resolutions to the Eurozone debt crisis and economic performance in the US and China.
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Lower power and gas prices over the past year have benefited UK consumers due to slowing economic growth in the US and China depressing international energy markets. However, unusually cold and stormy weather in the UK in June led to higher than normal gas demand from households and small businesses as more people turned up their heating. While demand from large industrial users is down, continued gas usage by domestic and commercial customers indicates the UK economy remains resilient despite difficult economic conditions. Future energy price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Tough economic conditions and poor weather have impacted the wholesale energy supply market, driving prices lower. Annual gas and electricity prices are down 15-22% from last year due to concerns over debt in Eurozone countries and slowing growth in the US and China. While consumers benefit from lower energy costs, boosting the economy, the unusual cold and wet weather in the UK has driven up gas demand from households and small businesses. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Tough economic forces and poor summer weather have driven down wholesale power prices. Annual gas and electricity costs are 15-22% lower than last year due to falling demand from large industrial consumers. However, unusually cold and stormy weather in the UK has increased residential gas demand. While overall gas usage is down, household and small business consumption is up, indicating the economy is holding up better at the consumer level. Future price movements will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
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Tough economic conditions and poor summer weather have led to declines in wholesale power and energy prices. Annual gas costs are down 15% and power costs have fallen 22% year-over-year. Concerns over debt in Eurozone countries and slowing growth in the US and China have pushed down global energy markets, with crude oil and coal at multi-year lows. However, lower energy costs have provided a temporary respite for the British economy. While generation demand is down, household and business usage has risen due to unusually cold weather, suggesting that domestic energy consumption is indicating continued productivity despite economic challenges. Future price movements will depend on resolutions to the Eurozone crisis and the financial stability of the US and China economies.
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Tough economic conditions and poor summer weather have led to declines in wholesale power prices. Annual gas and electricity costs are down 15-22% from last year due to falling fuel costs. Coal prices have also declined but not as much as gas. Lower economic growth in Europe, the US and China has reduced demand for energy, pushing down prices for oil, gas and coal. While consumers are benefiting from lower energy bills, the poor weather in the UK has increased residential gas usage. Overall gas demand is indicating the domestic economy remains resilient despite struggles in big industry. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Wholesale power and energy prices have fallen significantly in the past year due to slowing economic growth and mild weather. Gas and electricity prices are down 15-22% year-over-year, while coal prices have also dropped. Lower international energy prices have provided a temporary boost to the British economy by reducing costs for domestic and commercial consumers. However, unusually cold and stormy weather in June drove up gas demand from households and small businesses in the UK. Future price movements will depend on developments in the Eurozone crisis and economic performance in the US and China.
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Energy prices have fallen significantly over the past year due to slowing economic growth and mild weather. Wholesale gas prices are down 15% and electricity prices have fallen to a two-year low, down 22% from last year. Lower energy costs have provided temporary relief for the British economy. However, demand for gas from households and small businesses has risen due to unseasonably cold and stormy weather in the UK, indicating continued economic struggles for these sectors. Future price movements will depend on resolutions to the Eurozone debt crisis and economic conditions in the US and China.
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Falling energy prices in the UK were driven by slowing economic growth in the US and China as well as concerns over debt in Eurozone countries. Wholesale gas and electricity costs declined significantly year-over-year in June. Despite unseasonably cold and stormy weather increasing gas demand from households and small businesses, overall demand from large consumers was down, indicating challenges for the productivity of the UK economy. However, lower energy costs provided some economic relief for British consumers and businesses. Future price movements will depend on resolutions to the Eurozone crisis and the economic stability of the US and China.
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Lower energy prices in the UK were driven by slowing economic growth in the US and China as well as concerns over debt in Eurozone nations like Greece. Wholesale gas and electricity prices fell significantly year-over-year in June. Despite unseasonably cold and stormy weather driving up gas demand from households and small businesses, overall demand was down, indicating struggles for large industrial consumers. However, lower energy costs provided some economic relief for British consumers and businesses. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
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Tough economic conditions and poor weather have impacted the wholesale energy supply market, driving prices lower. Annual gas and electricity costs have fallen 15% and 22% respectively due to concerns over debt in Eurozone countries and slowing growth in the US and China. While consumers benefit from lower prices, the unusual cold and wet weather has driven up gas demand from households and small businesses in the UK. The future direction of prices will depend on whether the Eurozone crisis is resolved and the economic health of the US and China.
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Tough economic forces and poor summer weather have pushed wholesale power prices lower. Annual gas and electricity prices are down 15-22% from last year due to falling global energy demand and prices. Biomass prices have held steady and increased slightly due to a new biomass plant approval. Unusually cold and stormy June weather in the UK increased gas demand from households and small businesses. Wholesale power prices over the next few weeks will depend on resolutions to the Eurozone crisis and economic conditions in the US and China.
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Tough economic conditions and poor summer weather have led to declines in wholesale power and energy prices. Annual gas costs are down 15% and power costs have fallen 22% year-over-year. Concerns over debt in Eurozone countries and slowing growth in the US and China have pushed down global energy markets, with crude oil and coal at multi-year lows. However, lower energy costs have provided a temporary respite for the British economy. While generation demand is down, household and business usage has risen due to unusually cold weather, suggesting that domestic energy consumption is indicating continued productivity despite economic challenges. Future price movements will depend on resolutions to the Eurozone crisis and the financial stability of the US and China economies.
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Global energy consumption grew 2.3% in 2013, accelerating from 2012 but remaining below the 10-year average. Emerging economies accounted for 80% of growth, though their growth was below average. The US saw the largest increase in oil production in the world and offset supply disruptions elsewhere. Natural gas consumption growth was below average globally and in all regions except North America. Coal consumption grew the fastest of the fossil fuels. Renewable energy continued robust growth but from a low base.
EY Price Point Q3 2022
The theme for this quarter is momentum meets uncertainty. The upward trend in crude oil, natural gas, LNG and refined product prices that began in Q1 continued into Q2. Crude oil markets began the quarter just below $100/bbl and have closed below that level on only two days since late April. As we begin Q3, there are increasing concerns about the health of the global economy and how that might affect oil and gas demand.
Energy crisis 1
China is facing an electricity shortage crisis that could impact the global economy. Over half of Chinese provinces have failed to meet electricity consumption targets due to high energy prices. Restrictions have been placed on industrial and residential electricity usage in 20 provinces, shutting down hundreds of companies. The crisis is driven by record high coal and gas prices in China and Europe, as well as China's environmental goals to reduce emissions. The electricity shortage in China could lead to higher global inflation as it may disrupt production and supply chains, raising prices of finished goods worldwide.
BP Statistical Review of World Energy 2016
Global energy consumption grew slowly by 1% in 2015, with oil and natural gas growing above average while coal declined sharply. Oil prices fell dramatically due to growing supply, particularly from OPEC countries like Iraq and Saudi Arabia, outpacing more moderate demand growth. Natural gas consumption and production increased globally but below historical rates, while coal use declined substantially. The shifts in fuel use and prices resulted in near flat carbon emissions growth, the lowest in over 20 years.
Bp statistical review of world energy 2016 full report
The document provides an overview of global energy trends in 2015. Key points:
1) Global energy consumption growth slowed to 1.0% in 2015, well below the 10-year average, due to weak global economic growth. Emerging economies accounted for most consumption growth while China's growth slowed.
2) Oil, natural gas, and renewable energy grew above average while coal consumption declined sharply. Carbon emissions were essentially flat.
3) Prices of all fossil fuels declined significantly in 2015 due to a supply glut, with crude oil seeing its largest price drop on record.
BP Statistical Review of World Energy 2016
The 65th edition of the BP Statistical Review of World Energy sets out energy data for 2015, revealing a year in which significant long-term trends in both the global demand and supply of energy came to the fore with global energy consumption slowing further and the mix of energy sources shifting towards lower-carbon fuels.
Similar to Crude oil energy 248004 (11)
Bp statistical-review-of-world-energy-2014-full-report
Bp statistical-review-of-world-energy-2014-full-report
Bp statistical review of world energy 2016 full report
Bp statistical review of world energy 2016 full report
Crude oil energy 248004
- 1. Tough financial forces and bad summer weather seem to be determined to try and take charge of the wholesale energy supply market. Prices tumbled throughout the middle of June to brand-new lows. Annual gas costs are today 15% lower than the same time last year, whilst annual force prices fell to a two-year low plus are 22% down year-on-year. Falling force prices dragged yearly spark spreads down 7% to £3.4/MWh, and even that reliable stalwart coal is having a difficult time of aspects, with slipping prices buffering the fall of dark spreads slightly to a £17.9/MWh premium to spark spreads. So what's been setting off these cost crashes? Well, concerns about debt inside the Eurozone nations hasn't helped. Greece lurches from crisis to crisis and even the election of a fresh government is doing small to allay fears about its long-term future. However it's slowing financial development inside the US plus China which has really pushed international power markets downwards. Brent Ameratex Energy Crude Oil tumbled to $97.6/bl, its lowest level because January 2011, and annual API coal dropped to a brand-new 20-month low of $95.4/t. But, all of this is good news for consumers. While we can be lost out on that 'BBQ summer' the forecasters promised us, both domestic and commercial end-users have watched stamina prices drop inside real terms. A fall inside inflation has additionally assisted to stabilise the retail market, however, the big difference has been at the pumps, where motorists have finally started to see the numbers found on the forecourts going down rather of up. This, combined with lower electricity and gas fees, has given the British economy a brief respite, throughout which it has a chance to push up creation and keep the delicate heart of UK PLC beating for a while longer. Ironically, it's been the biomass market that has held the fort. Despite biomass contracts dropping, with costs for 2013 down 1% to £88.5/t, prices are still about 6% higher than this time last year. They've recovered from their four-year low plus are at their highest level for five months. This boost has been helped inside no little measure with all the approval of the plans for a 40MW staw-fuelled biomass plant in Snetterton, Norfolk, that have finally been given the go-ahead. The real headline grabber throughout June and into July has been the atrocious weather the UK has experienced. Lower than average June temperatures plus storm after storm has resulted in a rise inside UK gas demand. Supply peaked at 223.1mcm on 11th June, in the middle of the bad weather. Industry watchers believe which the unseasonably bad weather has encouraged various persons to do anything they wouldn't normally do inside June - they turned the heating up. The result was which although the national program decreased 0.1%, the territorial program climbed 2.2%. To date, summer demand (calculated from April 1st) was down 7.8% found on the national program however, up a staggering 31.1% on the regional system, compared to the same time last year.
- 2. What this indicates is that while gas demand for power generation is down year-on-year, expenditure by households plus little companies has risen. This means that gas expenditure is acting as a barometer for the productiveness of the UK economy and while the big users may be struggling, homes plus businesses are continuing to ride out the worst of the financial storm, placing a more positive face on what has been a difficult limited months. How costs might fare inside the next few weeks depends 3 details - the resolution (or otherwise) of the Eurozone crisis, and the financial condition of the US and China. If they begin to wobble you may see costs commence to climb back up again.