- March 16th, 2017
Oil Extends Advance as U.S. Stockpiles Drop First Time This Year
Oil extended gains above $49 a barrel as U.S. government data showed an unexpected fall in crude stockpiles, the first decline this year. ›
Oil extended gains above $49 a barrel as U.S. government data showed an unexpected fall in crude stockpiles, the first decline this year. ›
UK wholesale natural gas prices rose in value during early Wednesday trade as the UK gas system tightened due to a fall in Norwegian gas receipts with further support offered by higher Brent crude pricing. ›
Oil prices climbed from three-month lows on Wednesday, lifted by a surprise drawdown in U.S. inventories and helped by figures from the International Energy Agency (IEA) suggesting OPEC cuts should push the crude market into deficit in time ›
Dutch and German day-ahead gas prices recovered Tuesday morning, tracking gains in the corresponding UK NBP contract which rose on a short system, with prices in further dated contracts also seen correcting some of Monday’ losses. ›
British wholesale gas prices rose on Tuesday morning due to lower imports from Norway, an unplanned outage at South Hook liquefied natural gas terminal and increased exports to continental Europe. ›
Crude oil prices hovered near three-month lows on Tuesday, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. ›
Oil steadied below $49 a barrel as U.S. drillers continued to boost activity, countering OPEC’s efforts to drain a global glut. ›
British day-ahead gas price down 1.95 pence at 40.15 pence per therm at 0916 GMT ›
Spanish energy company Repsol says an oil reserve of 1.2 billion barrels has been identified in Alaska’s North Slope, which the company says is the largest onshore discovery in the United States in three decades. ›
Despite OPEC efforts to curb a glut of supply, U.S. crude inventories surged by 8.2 million barrels last week, pushing oil prices to their lowest levels of 2017. ›