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Oil Prices

10
Jul

Mark Johnson, a director of Torse Ltd, is interviewed by Maria Loreto Urbina regarding the current energy market in the UK with regards to pricing fluctuation, long term contracts and advice for existing and new clients wishing to renew their energy contracts

Video Content

Here is a brief summary of issues discussed

  • 0:00 > 2:00 | Current energy prices and predicting the future
  • 2:00 > 3:30 | The key players and energy company behaviour
  • 3:30 > 4:20 | How Torse finds the best deal, advises and provides informed quotes
  • 4:38 > 6:10 | Safe advise and secure deals with, ideally, fixed term contracts
  • 6:10 > 7:45 | Negotiating with suppliers and serving notice in advance of renewal
  • 7:45 > 8:40 | If left too late or contracts are not correctly established things can get more expensive
  • 8:40 > 9:46 | Clients could complete contract process but requires considerable experience / time
  • 9:46 > 10:37 | Clients sometimes compare to old prices
  • 10:37 > 11:46  | If you delay the contract process and wait for best price, you could lose any savings

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Category : Electricity Prices | Energy Prices | Gas Prices | Oil Prices | Blog
11
Jan

Sunlight NPowerWith 2011 proving to be a particularly turbulent year for worldwide energy prices, heads are now turning to what to expect in 2012.

With civil unrest in the Middle East unlikely to ease, mixed with increased export capabilities, wholesale prices are expected to fluctuate heavily. European leaders look likely to impose an oil embargo on Iran, with Tehran warning of rising tensions and likely retaliation.

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Category : Electricity Prices | Energy Companies | Energy Prices | Energy Production | Gas Prices | Going Green | Legislation | Oil Prices | Blog
3
Nov

Angry hyena

The ongoing recessionary influences such as fundamental cuts in government spending are patently beginning to bother the speculative scavengers – and by scavengers we are of course referring to those companies or organisations influencing wholesale energy prices. OPEC is intimating that it would be quite nice if everyone paid $10.00 more a barrel to make them feel more financially comfortable, unsuprisingly this was pounced on by the market with new highs.

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Category : Electricity Prices | Energy Companies | Energy Prices | Oil Prices | Blog
9
Apr

Oil Barrel and spillageThe edging up of Oil prices seems to be the fillip required by the Energy Industry to get on board with both UK Wholesale Electricity and gas prices edging up. Although last year’s July high of over $150 a barrel descended below $40 in December, prices this first quarter of 2009 seem to have steadied above $50. Now that the initial reaction to ‘The Recession’ has settled somewhat, we are back now to the more traditional political and economic machinations against the new globally depressed context.

Whilst OPEC (Organization of the Petroleum Exporting Countries) has previously set aspirations for the $100 barrel, their latest monthly ‘Oil Market Report’ (March 09), suggests an ongoing acknowledgement of the change in the world markets, and are pursuing the balance between returns for their members against the needs of the Global Consumers in a recession.

It certainly looks that although the upward pressures are still pushing hard (don’t expect the Financial Markets to stop talking up prices this year), it’s not so easy if no one is going to buy. In the Mid market Business market some suppliers are seemingly reluctant to offer longer term fixed rate deals, perhaps anticipating rates going up this year.

Category : Energy Prices | Oil Prices | Blog