- May 18th, 2017
Oil down as market stays well supplied despite OPEC cuts
Oil prices slipped on Thursday as the market remained well supplied with crude despite efforts by OPEC and other big exporters to curb production and support prices. ›
Oil prices slipped on Thursday as the market remained well supplied with crude despite efforts by OPEC and other big exporters to curb production and support prices. ›
British wholesale gas prices rose on Thursday due to an undersupplied system and expectations of lower temperatures. ›
British wholesale gas prices declined on Wednesday due to higher supply and lower exports. ›
Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia to extend output cuts. ›
UK spot power prices soared to a three-month high on Tuesday as a sharp drop in wind and solar power generation increased system demand, tightening surplus margins, sources said. ›
Near-term UK wholesale natural gas prices edged higher in early Tuesday trade on the back of an undersupplied gas system despite demand again coming in well below seasonal averages on mild temperatures. ›
British wholesale gas prices rose on Tuesday due to falling Norwegian deliveries and cooler weather forecasts. ›
Oil rode its longest rising streak in more than a month as a proposal by the world’s two biggest crude producers to extend output curbs into 2018 boosted confidence that other nations will follow suit. ›
Oil hit its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than first agreed. ›
British prompt gas prices edged higher on Monday morning in a slightly undersupplied system, while prices further along the curve were buoyed by gains in oil markets. ›