THE VENEZUELAN DECLINE
Talking about Venezuela is tantamount of talking about oil. This country, almost twice the size of Spain, has the largest amount of (heavy) crude oil reserves in the world, which grew strongly since 2011. It may be unfair and/or paradoxical that all this underground wealth is [...]
Power and gas prices seem to have no roof …¿What now?
As we have already pointed out in previous articles, 2017 was a bullish year in the energy markets. In the previous blog "OMIE Forecast? Place your bets " we detailed the fundamentals that justified these increases. However, this does not mitigate the concern of procurement managers [...]
OMIE forecast? Place your bets
The daily electricity market in the Iberian Peninsula (OMIE) has been characterized from the outset by a strong volatility. Its own base of operation, which we explained a couple of years ago in our blog (Iberia’s Spot Electricity Market: Behind the Curtains), makes the composition of [...]
IS EU PLAYING RUSSIAN ROULETTE AGAIN?
The last few weeks have been a real throwback to Cold War years for both Russia and UK, as Prime Minister Theresa May accused Moscow of poisoning a Russian ex-spy with a rare nerve agent in Salisbury, England. The Kremlin rejected the accusation and insisted the [...]
New Electric Suppliers – Lights and Shadows
It was in 1997 when the process of liberalization of the electricity market in Spain began. This process, which was gradually established until its culmination in 2009, brought an important novelty to consumers: for the first time they had the option to choose which electric supplier [...]
We are approaching the time of gas market injection in Europe, but will we get there unharmed?
Like all other markets, natural gas moves upwards when there are more buyers than sellers in the market and moves downwards when the opposite happens. The tough world of "intuitive" operations has been back on its head again last week. The fundamentals, technical analyses and any [...]