- April 18th, 2017
Oil edges down after expected climb in U.S. output
Oil prices fell in thin trade on Tuesday after the Easter holiday break shut many markets for as long as four days and as a U.S. government report indicated rising production. ›
Oil prices fell in thin trade on Tuesday after the Easter holiday break shut many markets for as long as four days and as a U.S. government report indicated rising production. ›
Near-term UK wholesale natural gas prices edged higher in early Thursday trade on the back of a short system ahead of the long weekend, with the NBP curve following suit. ›
Britain’s largest natural gas storage site, Rough, will not be available for gas injection until the end of April next year, operator Centrica Storage Ltd said on Wednesday. ›
British wholesale gas prices rose on Thursday morning as a dip in temperatures pushed up demand. ›
Crude oil futures were largely unchanged on Thursday, with the market torn between rising U.S. production and the output cuts being made by OPEC and other producers. ›
British winter gas prices rose on Wednesday morning after Centrica, Britain’s largest gas storage facility operator, announced its Rough site will not be available for gas injections until at least the end of April next year. ›
European prompt power prices on Wednesday fell as wind power output in Germany held up and consumption began to ease in the run-up to the Easter holiday period. ›
Oil advanced for a seventh day in New York, the longest gain since December, on confidence Saudi Arabia will support an extension to OPEC-led output cuts just as U.S. stockpiles show signs of shrinking. ›
British wholesale day-ahead gas prices edged lower on Tuesday morning as higher imports from Norway contributed to an oversupplied system, but forecasts of cooler temperatures limited falls. ›
Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices. ›