- June 5th, 2017
UK GAS-Prices decline due to oversupply
British wholesale gas prices declined on Monday morning due to an oversupplied system. ›
British wholesale gas prices declined on Monday morning due to an oversupplied system. ›
British wholesale gas prices fell on Friday as higher Norwegian supplies created an oversupplied transmission network. ›
Oil prices dropped below $50 on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. ›
Prompt British wholesale gas prices edged higher on Thursday morning as lower imports curbed supply. ›
Oil rebounded from the lowest close in more than two weeks after industry data showed U.S. crude stockpiles extended declines, easing an inventory overhang. ›
British wholesale gas prices declined on Wednesday morning, mainly due to higher flows from Norway through the Langeled pipeline. ›
Oil prices fell by one percent on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market. ›
UK day-ahead power contracts eased slightly Friday ahead of a holiday weekend, with healthy renewable energy supply and warm temperatures helping to offset reduced imports from France. ›
Prompt British gas prices were mixed on Friday morning, as warm weather curbed prices for immediate delivery but forecasts of cooler temperatures next week boosted the day-ahead contract. ›
Oil prices edged up on Friday but markets remained on the back foot after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger curbs. ›