Brent crude crosses $100 today and WTI futures above $92. These are the highest trading levels in Brent in over two years. Fears over further MENA instability obviously serving as the catalyst this week….we’ll see how long this continues.
In a related note, many hedge funds were blindsided by this move as last week there was [...]
I’ll be at the American Meteorological Society Annual Meeting from Jan 24-27. I will be giving a talk on Tuesday on 2010 weather events and impacts to the global food supply chain, and a poster on Wednesday discussing how the Weather Trends long range forecast can be used as a tool in [...]
Electricity prices in the Nordic countries are currently trading at historic highs, partly due to low reservoir levels across the region. Manufacturing activities in a number of commercial sectors which rely on hydroelectricity have in some cases been forced to cease operations until costs drop back down to an acceptable range. See this Bloomberg article [...]
Last Thursday’s EIA US natural gas storage report showed that stockpiles were 1.5% lower than the previous year, but still 6.5% above the 5 year average. While supplies are still healthy, this week’s pattern in the US should still provide some support to spot futures, with another week of strong heating demand across the primary [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
In the weather and climate community, 2010 will be remembered as a year where the strong La Nina pattern exerted a significant influence on global agricultural production, with weather extremes hitting key commercial producing regions across a number of sectors. The Southern Oscillation index (SOI), a measure of [...]
