- February 20th, 2020
UK GAS-Prices mostly rise on undersupply
British wholesale gas prices were mostly higher on Thursday morning due to an undersupplied system. ›
British wholesale gas prices were mostly higher on Thursday morning due to an undersupplied system. ›
Oil prices climbed on Thursday, extending gains from the previous session, as the market shifted focus to supply disruptions, while demand concerns eased following a drop in new coronavirus cases at the epicentre of the outbreak. ›
Europe’s wholesale prompt power market was mixed on Wednesday as German prices firmed on relatively lower local wind power generation, and those in France fell on higher nuclear supply.
›
Prompt British wholesale gas prices were mixed on Wednesday morning amid a drop in liquefied natural gas (LNG) sendout and expectations of lower demand due to milder weather later in the week.
›
Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a second day in the province at the centre of the outbreak.
›
Prompt British wholesale gas prices rose on Tuesday as supply from the country’s liquefied natural gas (LNG) terminals fell after high winds brought by storm Dennis at the weekend delayed the arrival of some tankers. ›
Oil prices fell by more than 1% on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand.
›
European prompt power prices increased on Monday on an expected rise in demand and tighter French nuclear availability which overrode the bearish impact of massive German wind power supply in the interconnected region.
›
Trading activity on the British wholesale gas market was subdued on Monday morning due to a school half-term break, with the within-day and front-month being the only products to trade.
›
Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major producers will tighten crude supply.
›