- February 17th, 2017
UK Gas – Prompt dips on mild weather; Rough outage reshapes curve prices
British within-day gas price falls 2.15 pence to 47.75 pence per therm at 0947 GMT. ›
British within-day gas price falls 2.15 pence to 47.75 pence per therm at 0947 GMT. ›
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. ›
The NBP curve went in different directions in early Thursday trade as the market began to price in the fact that Rough storage will not inject gas during the second quarter of the year, lowering demand expectations for the period. ›
Oil held steady on Thursday, supported by ongoing supply cuts led by producer group OPEC, while rising fuel inventories and crude production in the United States dragged on prices. ›
Britain’s largest natural gas storage site, Rough, will not be available for gas injection until at least July 1 due to ongoing tests on wells and analysis of the work, operator Centrica Storage Limited (CSL) said on Thursday. ›
Oil prices dipped on Wednesday over concerns that OPEC producers would not be able to maintain their high compliance so far with output cuts aimed at reining in a global fuel supply overhang. ›
British day-ahead gas price 0.70 pence higher at 50.30 pence per therm at 0940 GMT. ›
Oil rose on Tuesday, supported by an OPEC-led effort to cut output, but rising production elsewhere kept prices within the narrow range that has contained them so far this year. ›
Oil held gains near $54 a barrel after the International Energy Agency said OPEC achieved a record 90 percent initial compliance with its output-cut deal while demand grew faster than expected. ›
Oil jumped as the International Energy Agency said OPEC had achieved record initial compliance of 90 percent with their cuts agreement, while demand grew faster than expected. ›