Oil prices drop on slower Chinese growth

France 24 - 13/04/2012

"Talks between Iran and the UN Security Council this weekend will be key, with many investors buying ahead of the meeting as a poor outcome of the talks may cause short term rises in oil," said Tom Pering, an analyst at energy consultants Inenco.

But he added: "Oil looks set to fall to around $115 a barrel over the next few weeks as a drop in demand and indications of an economic slowdown in China finally drive prices below $120 a barrel for a sustained period."

"Pointers include the continued building of US stockpiles and an indication that the Chinese economic machine may have started a slowdown."

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UK gas prices fall, adjust with power/coal markets

Reuters - 10/04/2012

"The winter contract is down largely due to more optimism on supply. The outages from Norwegian gas processing plants to the Elgin gas leak made traders edgy, which led to buying of forward contracts," Gary Hornby, gas market analyst at Inenco, said.

"But there's more optimism now and the storage situation is only adding to that," he added.

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World oil prices rebound from sharp losses

France 24 - 23/03/2012

"Oil price falls have been sparked by a rise in Chinese domestic petrol and diesel prices, and a drop in Chinese manufacturing," said analyst Tom Pering at British-based energy consultancy Inenco.

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EON's Kingsnorth Coal Plant Halts for Winter Profit

Bloomberg - 22/03/2012

EON AG's coal-fed power station at Kingsnorth in southeast England may have halted to allow it to make more profit during the winter months, according to Inenco Group Ltd. The entire 1,940 megawatt station stopped producing electricity at around 11pm London time on March 20, according to National Grid Plc data. The plant's four units remained shut as of 1.30pm today, the data showed.

"It's probably conserving hours to operate during the higher-priced winter months," Tom Pering, an analyst at Inenco, said by telephone from Lytham St Annes, England.

Kingsnorth is one of nine power stations in Britain that was given limited hours to operate from 2008 through 2015 under European Union laws designed to tackle emissions blamed for acid rain. The station had 4,250 hours left to operate as of March 8, National Grid Plc data shows. That's enough to run around the clock for about six months.

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Oil rally on US jobs report

Yahoo Finance - 03/02/2012

"We have seen strong economic data, including a reduction of the unemployment rate, to 8.3 percent, against predictions of remaining stable at 8.5 percent," said analyst Tom Pering at British energy consultancy Inenco. "Strong and much larger than expected non-farm payrolls data for January has also indicated that the US economy is showing positive signs of a potential recovery."

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Oil prices advance on supply worries - China data

Yahoo Finance - 01/02/2012

"The rise has been prompted by a mixture of things. The Iranian situation, particuarly with the threat of additional US sanctions and reduced output, is still an issue," said analyst Tom Pering at British energy consultancy Inenco. "The good news on increased manufacturing production in China has been tempered slightly by (a fall) in demand for exports. However, oil prices (also) rose on falling output in Sudan due to the transition dispute between South and North Sudan."

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NBP gas - the rise could continue

Heren - 30/01/2012

Traders expect that if the recent spate of activity persists, an increased risk premium will be placed on NBP contracts.  One factor threatening the sustainability of the rise is profit-taking. If traders do not have faith in the fundamentals behind the upward move, a selling spree could soon see prices retreating to last week's valuations.

"Ultimately, it will be determined by how many shorts are still out there. If they begin to disappear, expect a downward retracement," Campbell said.

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Weekly Commodities Review

Gulf Times - 23/01/2012

OIL: Prices rose on geopolitical concerns over Iran, fresh eurozone debt crisis concerns in Greece, and a stream of positive economic data. However, this was offset by profit-taking and signs of weak US energy demand.

"The (supply) threats coming from Iran and Nigeria ... drove up the price at the start of the week," said Inenco analyst Rebecca Seabury.  "The markets were also buoyed by the upbeat GDP figures coming out of China but falls on Friday were down to profit-taking and cautious sentiment dominating the market."

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Energy giant SSE hits 1GW wind power milestone

Uodovogi's Posterous - 05/01/2012

However Nick Campbell, at energy analysts Inenco, cautioned that the difference between capacity and load factor how much of their capacity is exploited is marked with wind power. He put the load factor for wind power at between 25pc and 40pc of total capacity, as opposed to between 65pc and 85pc for nuclear power. "Capacity assumes there will be optimum winds of 100pc of the time, which unfortunately is not going to happen," he said.

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Energy giant SSE hits 1GW wind power milestone

Yahoo Finance - 03/01/2012

However Nick Campbell, at energy analysts Inenco, cautioned that the difference between capacity and load factor and how much of their capacity is exploited is marked with wind power.  He put the load factor for wind power at between 25pc and 40pc of total capacity, as opposed to between 65pc and 85pc for nuclear power. "Capacity assumes there will be optimum winds 100pc of the time, which, unfortunately, is not going to happen" he said.

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