WSI Executive Analyzes Weather's Impact on Energy Trading at FLAME 2009
Mark Stephens-Row Examines the Significance of Forecasting for the European Gas Market
Andover, MA, March 5, 2009 - Weather Services International (WSI), the most trusted global weather solutions provider, today announced that Mark Stephens-Row, WSI account executive and Fellow of the Royal Meteorological Society, is to be a featured speaker at Flame 2009, Europe’s premier gas and LNG event, March 9-13, at Hotel Acura in Amsterdam.
During his talk entitled, Exploring Weather Forecast Impacts on the European Gas Market, Stephens-Row will discuss how weather tools can give gas traders more insight into their buy/sell decisions. WSI’s expertise in this area -- providing targeted and accurate weather solutions tailored to specific trading communities -- is recognized by energy brokers around the world.
“Cold winter weather and abnormally hot summertime conditions have recently had a significant impact on European gas demand and pricing,” said Stephens-Row. “As reliance on renewable energy sources increases, the lack of wind or rain can also produce far reaching effects on pricing. Identifying these events in advance of the rest of the market offers trading teams a unique edge, whether it is days or months ahead.”
Stephens-Row said he will also demonstrate how weather forecasts, which can diverge widely beyond the typical three to five day time frame, can put gas traders at risk. He will also explain how prediction of the change in forecasts over time can offer some mitigation of this risk.
Mr. Stephens-Row will be speaking on Wednesday, March 11, 18:10, during FLAME 2009 Stream B, Trading & Pricing, at Hotel Acura. For more information about FLAME 2009, visit the web site at icbi-events.com/flame/
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