- January 8th, 2018
UK GAS-Colder weather lifts prompt prices
British gas prices rose on Monday morning as forecasts for colder weather raised expectations for increased demand. ›
British gas prices rose on Monday morning as forecasts for colder weather raised expectations for increased demand. ›
Oil prices were stable on Monday, supported by a slight decline in the number of U.S. rigs drilling for new production, with crude holding just below near three-year highs reached last week. ›
European power prices for Monday jumped in wholesale market trading on Friday on expectations for a sharp drop in temperatures and returning industrial demand. ›
British prompt gas prices were mixed on Friday, mostly weather-driven. Milder-than-expected temperatures curbed within-day demand causing prices to fall, but forecasts for colder days coming boosted the day-ahead, traders said. ›
Oil prices fell on Friday, dropping away from highs last seen in 2015, as soaring U.S. production undermined a 10-percent rally from lows hit in December that was driven by tightening supply and political tensions in OPEC member Iran. ›
European day-ahead power prices rose on Thursday as winter storms faded and wind power supply fell, but the rest of the market slipped on bearish sentiment driven by good supply fundamentals and a benign weather outlook. ›
Prompt British wholesale gas prices rose on Thursday morning due to undersupply and higher gas-for-power demand because of reduced wind output. ›
Oil prices on Thursday hit their highest in more than two and a half years, touching levels not seen since before a slump in commodity markets in 2014/15, boosted by tensions in key producer Iran and by ongoing OPEC-led output cuts. ›
European spot power prices rose sharply on Wednesday amid winter gales that were forecast to decline by Thursday, while forwards power prices stabilised after a weaker start. ›
The British wholesale gas price for immediate delivery fell on Wednesday morning as milder temperatures and high output from the country’s wind farms curbed demand for gas. ›