- September 20th, 2018
UK GAS-Prices rise as weather turns and demand forecasts rise
British wholesale gas prices rose on Thursday, extending the previous day’s gains after temperature forecasts were reduced and domestic demand expectations rose. ›
British wholesale gas prices rose on Thursday, extending the previous day’s gains after temperature forecasts were reduced and domestic demand expectations rose. ›
Oil rose for a third day on Thursday amid another drawdown in U.S. inventories and strong U.S. gasoline demand, while signs OPEC may not raise output to address shrinking supplies from Iran also supported prices. ›
European spot electricity prices for day-ahead delivery dipped on Wednesday on the back of forecasts showing an increase in wind power supply, while consumption will remain marginal. ›
British wholesale gas prices mostly rose on Wednesday morning, as expectations of cooler weather boosted demand while gas prices for immediate delivery slipped on oversupply. ›
Oil prices inched up on Wednesday as concerns that producers may not be able to cover a shortfall in supply once U.S. sanctions on Iran kick in outweighed a gain in U.S. stockpiles. ›
British within-day gas price fell on Tuesday as strong wind power production reduced demand, but colder forecasts helped lift the day ahead contract.
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Oil markets slipped on Tuesday as the latest escalation in the Sino-U.S. trade war clouded the outlook for crude demand from the two countries, the world’s top crude consumers. ›
Prompt British wholesale gas prices rose on Monday, despite a well-supplied market, in anticipation of a shift to lower autumnal temperatures and higher gas consumption. ›
Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise output fast enough to offset falling supplies. ›
Prompt British wholesale gas prices mostly fell on Friday morning on warmer weather forecasts and as strike action planned for three North Sea oil and gas platforms on Monday was cancelled. ›