- January 11th, 2018
UK GAS-Prices rise on Groningen cut, colder weather forecast
British wholesale gas prices rose on Thursday morning following a proposal to cut output at Dutch gas field Groningen and on expectations of colder temperatures. ›
British wholesale gas prices rose on Thursday morning following a proposal to cut output at Dutch gas field Groningen and on expectations of colder temperatures. ›
Oil dipped away from three-year highs on Thursday on signs that a 13-percent rally since early December may have run its course, although a surprise drop in U.S. production and lower crude inventories offered prices some support. ›
British wholesale gas prices rose on Wednesday afternoon, shortly after Dutch gas firm NAM suggested reducing production at the Groningen gas field in the wake of Monday’s earthquake. ›
European prompt power prices for next day delivery rose on Wednesday buoyed by an expected rise in consumption due to cold weather, amid a slump in wind and solar power generation. ›
British wholesale gas prices were mostly lower on Wednesday as milder weather and strong Norway flows curbed demand. ›
U.S. oil prices hit their highest since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. ›
European spot electricity prices for day-ahead delivery diverged on Tuesday as forecasts for a sharp fall in wind power generation lifted the German contract, while increased nuclear power supply and lower consumption weighed in France ›
British wholesale gas prices mostly rose on Tuesday morning as forecasts for milder temperatures boosted demand and on concerns that production could be further cut from the Netherlands’ Groningen gas fields. ›
Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations U.S. crude inventories fell for an eighth week. ›
Forecasts for colder-than-average temperatures with falling wind supplies and rising gas prices in the UK failed to boost spot prices as markets reacted calmly to bullish fundamentals, sources said. ›