- June 22nd, 2017
Oil prices fall further with glut concerns persisting
Oil turned lower on Thursday after posting gains earlier in the session as traders look ready to test new lows for crude prices with worries persisting over a global glut. ›
Oil turned lower on Thursday after posting gains earlier in the session as traders look ready to test new lows for crude prices with worries persisting over a global glut. ›
British wholesale prompt gas prices rose on Wednesday morning as lower imports and domestic production curbed supply. ›
Oil prices held near multi-month lows on Wednesday as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut a global output. ›
UK prompt gas prices rose on Tuesday due to supply shortfalls as storage sites rebuilt stock levels and reduced flows coming from domestic terminals. ›
Centrica will cease storage operations at Rough, Britain’s largest natural gas storage site, the energy supplier said on Tuesday. ›
Oil markets held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support prices. ›
Prompt British wholesale gas prices soared on Monday morning, as expectations of lower output from the country’s wind farms boosted demand for gas. ›
Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market. ›
British prompt gas prices rose 18 percent on Friday due to supply shortfalls, ending a streak of losses this week as a heatwave cut demand and pipeline maintenance left the market with nowhere to send excess gas. ›
Oil prices edged up on Friday but remained near six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets. ›