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Industry Insight

  • March 22nd, 2019

Oil lingers slightly under 2019 highs on OPEC’s supply cuts, U.S. sanctions

Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

  • March 21st, 2019

UK GAS-Prices decline on healthy supplies and reduced demand

British wholesale gas prices declined on Thursday morning on healthy supplies and reduced demand for heating due to milder temperatures.

  • March 21st, 2019

Oil slips from 4-mth peak, but OPEC cuts, sanctions support

Oil eased from 2019 highs reached earlier in Thursday’s session, but markets remain relatively tight amid supply cuts led by producer club OPEC and U.S. government sanctions on Iran and Venezuela.

  • March 20th, 2019

UK GAS-Prices fall as mild weather drives oversupply

British wholesale gas prices fell on Wednesday as mild weather created a supply surplus despite declining flows from Norway, traders said.

  • March 20th, 2019

Oil prices firm on supply cuts, but slowing economy drags

Oil prices edged up on Wednesday, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although gains were limited by concerns over economic growth.

  • March 19th, 2019

UK GAS-Prices pick up from lows on outage, strike

British wholesale gas prices picked up from 18-month lows on Tuesday, as an unplanned outage reduced supplies slightly from Norway and buyers braced for a potential impact of labour strikes due at some platforms.

  • March 19th, 2019

Oil prices hover close to 2019 highs on OPEC output cuts, U.S. sanctions

Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.

  • March 18th, 2019

Surging LNG imports drive down British wholesale gas prices

Britain’s imports of liquefied natural gas (LNG) for March are at their highest levels since October 2015, helping British wholesale gas prices slide to a more than 18-month low.

  • March 18th, 2019

UK GAS-Prices dip despite undersupply on strong future flows

British wholesale gas prices slipped on Monday despite a forecast of undersupply, as flows were expected to remain robust in the absence of outages, boosted by a barrage of liquefied natural gas (LNG) deliveries this week.

  • March 18th, 2019

Saudi signals OPEC may need to extend oil cuts until end-2019

Saudi Arabia said on Sunday OPEC’s job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signalling it may need to expand output cuts into the second half of 2019.

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