Inenco Group

Join us at the Blackpool Job Fair! Get your free ticket here: https://lnkd.in/de_K7N8d 📅 Friday 26th July 🕰 10am - 1pm 📍 Bloomfield Road Stadium, Bloomfield Road, Seasiders Way, Blackpool FY1 6JJ. The Blackpool Job Fair is a great way to speak with potential employers face-to-face. You can apply for jobs, collect information on employers, ask questions in-person, and even have a mini interview on the day. Come along and say hello!

This week's energy market update: UK gas and power contracts are on track to end the weekly relatively flat. Prices have continued to be torn for direction with LNG Freeport production ramping up slower than expected adding slight bullish support amongst overall bearish fundamentals. Norwegian exports remained strong amid a light maintenance schedule, whilst domestic UK production increased this week. Strong supply allowed for further injections into storage in the UK and Europe. According to data, aggregated European stocks reached c.80% this week. Overall, the key driver has been the return of the Freeport LNG facility in the US, and the market will continue to watch closely for updates. In the wider commodity market, the price of Brent crude oil is also relatively flat week-on-week. Initially, prices fell at the start of the week as weak Chinese economic data weighed on demand outlooks. However, downside was limited by a larger-than-expected drawdown in US crude oil inventories. Stocks fell by significantly more than analysts expected. Meanwhile, the Dec’24 European carbon market has fallen 4% this week and has continued to closely follow the European TTF gas market. 

This week's energy market update: After several weeks of rangebound trading, UK gas and power contracts have fallen this week. Initially, the market built in risk due to the potential impact of Hurricane Beryl on US oil and gas infrastructure. However, after the storm passed and production was set to resume, prices declined sharply. Gas supplies to the UK have also remained steady this week with imports from Norway stable and as a result, the looser system balance has allowed for further injections into storage. That said, downside has been limited by technical buying later in the week. A rise in Asian LNG prices alongside some concerns due to a lack of official update from the Freeport LNG facility also likely added to support. In the wider market, the front-month Brent crude oil contract appears set to end the week marginally lower. The market was negatively influenced over Monday and Tuesday as weaker-than-expected Chinese economic growth rate data disappointed the market and increased concerns over the size of the nation’s future demand. As the week progressed, however, losses were reduced as Jerome Powell's speech to the US Senate shed light on the reserve stance to interest rate cuts. The case for US interest rates to be cut was then further supported by a drop in US inflation figures on Thursday. Elsewhere, the European carbon emissions market has fallen this week, tracking losses in the wider European energy complex.

After an incredible 48-year career at Inenco, Iain Mcgregor has chosen to embark on his well-deserved retirement. Iain has been a cornerstone at Inenco for so many years and his friendship, knowledge and experience will be greatly missed by all the team. We’re sure that all the many colleagues who have worked with Iain during his career will join us in wishing him all the best for the future!

#jobalert We're looking for a new Data Administrator to join our team in Lytham St Annes. Find out more here 👇

Labour's landslide victory: A new chapter for energy? Following Labour's election victory, the party’s energy policies are promising to bring significant changes to the UK’s energy landscape and economy. Labour's agenda claims to aim for a transformation of the UK into a clean energy superpower, through a combination of investments, regulatory reforms, and support for innovation and job creation across the country. On Day 1 of the new Government what are their key planned interventions? Read more here: https://lnkd.in/e2EDy6Xr

We’re delighted and extremely proud to share that Inenco, together with Weatherford, was named ‘Energy Efficient Partnership of the Year’ last night at the prestigious The Energy Awards 🏆 This recognition is a testament to the commitment and collaboration across both teams, as we’ve worked together to reduce carbon emissions and improve energy efficiency. As a result, Weatherford has reported a staggering 36% reduction in carbon emissions within their latest reporting period. Well done and congratulations to everyone involved in this journey.

We’ve had a great day at the #BigZeroShow so far. 🌍 This afternoon we held a session on empowering your people to support your Net Zero Transition Plan, and the importance of the relationship between your plan, people and data. Find out more about how Inenco can support your journey to Net Zero here: https://lnkd.in/eTcn37Ky Future net zero

This week's energy market update: Gas and power contracts have remained rangebound this week, torn between a soft fundamental outlook versus long-term LNG supply concerns and the geopolitical landscape. Weaker demand and high renewable generation weighed on gas for power demand, whilst Norwegian supply to the UK was steady. However, LNG demand in Asia remained strong amid ongoing hot and dry weather, with India and Thailand in particular competing for spot cargoes. As a result, gas and power contracts are set to end the week relatively flat. In the wider commodity market, the price of Brent crude oil has increased this week, supported by an increased likelihood of Federal Reserve interest rate cuts. This has outweighed short-term demand woes amid a surprise rise in US oil stocks. Meanwhile, the Dec’24 European carbon emissions contract has fallen from last week’s close, weighed down by soft auction results and bearish weather forecasts.

HAPPENING TODAY The cleanest, greenest kilowatt-hour is the one that goes unused: An Introduction to Inenco’s Energy Reduction Partnership In collaboration with Inenco Group, we’ll be discussing the current economic climate and the significant challenges it presents for businesses, with fluctuating energy prices remaining a major concern, alongside the need to deliver carbon net zero targets. We will be joined by Alex Wilson, Senior Consultant, Inenco Group. Register by using the link below: https://lnkd.in/dz8GPJQi