- December 18th, 2017
UK GAS-Price fall after outage-led rally last week
British wholesale gas prices fell across the board on Monday morning as forecasters expected milder temperatures and more nuclear power supply was made available. ›
British wholesale gas prices fell across the board on Monday morning as forecasters expected milder temperatures and more nuclear power supply was made available. ›
Oil edged up on Monday, lifted by an ongoing North Sea pipeline outage and over signs that booming U.S. crude output growth may be slowing, although the outlook for oil markets cites ample supplies despite ongoing production cuts led by OPEC. ›
British prompt gas prices fell on Friday as temperatures are forecast to rise slightly over the coming days, while strong Norwegian supplies were keeping the system oversupplied, traders said. ›
Europe’s wholesale spot electricity prices were mixed on Friday as German Monday prices fell under the weight of higher wind power forecasts while French Monday levels rose on expectations for colder weather and rising demand. ›
Oil prices moved up on Friday, lifted by the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts, although rising output from the United States kept a lid on markets. ›
Europe’s wholesale spot electricity prices were narrowly mixed on Thursday, with Germany responding firmer to a drop in wind power production and France easing slightly as higher demand was more than offset by operators’ supply planning. ›
British wholesale gas prices fell on Thursday morning, wiping out gains made earlier this week, as supply concerns eased and strong imports and reduced demand created an oversupplied system. ›
Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week. ›
British wholesale gas prices fell on Wednesday as supply worries eased after Austria’s Baumgarten gas hub reopened following an explosion on Tuesday. ›
Europe’s wholesale electricity market appeared calm on Wednesday after setting new curve price records a day earlier on disruption to gas supplies at a key Austrian hub, which had triggered energy supply fears in winter and sparked rallies. ›