- September 26th, 2019
UK GAS-Prices mixed in oversupplied market
British gas prices were mixed on Thursday, with the day-ahead contract lifted by cooler weather forecasts and the within-day contract down on oversupply.
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British gas prices were mixed on Thursday, with the day-ahead contract lifted by cooler weather forecasts and the within-day contract down on oversupply.
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Oil prices edged lower on Thursday, extending losses from the previous two sessions, as Saudi Arabia quickly regained production volumes after an attack on its oil facilities and amid increasing signs of slowing demand. ›
European prompt electricity prices for day-ahead delivery slid on Wednesday on the back of forecasts showing a slip in French demand, increased nuclear power availability, and a sharp rise in German wind generation.
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British prompt wholesale gas prices fell on Wednesday with supplies boosted by the distribution of gas from liquefied natural gas (LNG) from terminals in anticipation of the arrival of more cargoes, widening the discount to Dutch gas prices.
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Oil prices fell on Wednesday for a second day on worries that fuel demand could fall after U.S. President Donald Trump doused recent optimism over China-U.S. trade talks and reignited concerns about global economic growth.
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European spot electricity prices for day-ahead delivery rose on Tuesday, supported by steady consumption and a drop in solar power generation in Germany.
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British prompt wholesale gas prices edged up on Tuesday morning, supported by forecasts of higher gas-for-power demand. The rise was limited due to full storage and expectations of an increase in liquefied natural gas (LNG) send-out in October.
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Oil prices eased on Tuesday as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand and away from uncertainty around supply disruptions in Saudi Arabia.
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British wholesale gas prices edged up on Monday in a slightly undersupplied market as an unplanned outage lingered and warnings of a strike in France raised the prospect of more gas demand in mainland Europe.
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Oil prices rose more than 1% on Monday on doubts over how fast Saudi Arabia can restore full crude output after an attack earlier this month on its largest processing facility, and as tensions in the Middle East remained high.
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