- February 13th, 2019
UK GAS-Prices decline on reduced demand, oversupply
Prompt wholesale British gas prices edged lower on Wednesday morning due to reduced demand and oversupply. ›
Prompt wholesale British gas prices edged lower on Wednesday morning due to reduced demand and oversupply. ›
Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories. ›
British wholesale gas prices fell on Tuesday as lower consumption due to warmer weather offset a reduction of flows into the United Kingdom from the Netherlands and Norway. ›
Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over economic growth to keep markets in check. ›
British wholesale gas prices fell on Monday on mild weather and strong supplies from Norway, and as a large number of liquefied natural gas (LNG) cargos are expected to arrive during the week. ›
Oil prices fell on Monday as drilling activity in the United States picked up and a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large crude distillation unit. ›
European spot power prices for Monday delivery fell in wholesale market trading on Friday as lower demand was forecast and Germany was set to receive a lot more wind power. ›
British wholesale gas prices fell on Friday morning as high wind speeds from storm Erik increased output from the country’s wind farms, curbing demand for gas. ›
Oil markets inched down on Friday and were heading for a weekly loss, pulled down by worries about a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Venezuela provided crude with some support. ›
European power prices for day-ahead delivery fell further on Thursday as supply from wind turbines was forecast to rise again, while relatively mild temperatures were expected to add to an end-of-week easing in demand. ›