- August 8th, 2017
Oil prices fall as Libyan field resumes production
Oil prices slipped in Asian trading on Tuesday following a recovery in output at Libya’s largest oil field and as doubts about OPEC-led production cuts continue to drag. ›
Oil prices slipped in Asian trading on Tuesday following a recovery in output at Libya’s largest oil field and as doubts about OPEC-led production cuts continue to drag. ›
British wholesale gas prices rose on Monday as reduced Norwegian flows and expectations of lower temperatures created an undersupplied system, traders said. ›
European day-ahead power prices were weighed down on Monday by projections for higher wind power supply, which countered anticipated demand gains. ›
Oil traded near $49 a barrel before representatives of OPEC nations meet with their allies to discuss why some of them are falling behind in pledges to reduce production. ›
UK day-ahead power prices strengthened for the second consecutive trading session on Friday, mirroring firm NBP gas markets, and tight supply margins for Monday. ›
British wholesale gas prices rose on Friday due to supply shortfalls and higher demand. ›
European prompt power prices for Monday lept in Friday wholesale market trading, mainly on an anticipated fall in German wind power supply. ›
Oil is back down again this week following the year’s biggest rally as investor focus shifted to rising output from the U.S. and OPEC, away from a seasonal increase in American fuel demand. ›
European prompt power prices were mixed on Thursday, with German day-ahead falling sharply while those in France were up on the day, bringing the market back in line with normal levels. ›
British gas for immediate delivery rose on Thursday as an outage restricting Norwegian gas production capacity was extended, but contracts further along the curve fell on expectations the outage would be resolved on Friday, traders said. ›