- January 27th, 2017
UK Gas – Prices fall on oversupply, milder weather outlook
British wholesale gas prices fell on Friday morning as the gas system was oversupplied and slightly milder temperatures were forecast from the weekend. ›
British wholesale gas prices fell on Friday morning as the gas system was oversupplied and slightly milder temperatures were forecast from the weekend. ›
Oil headed for a second weekly increase as OPEC and other producing nations continued with output cuts to reduce bloated global inventories and stabilize the market. ›
European spot electricity prices for day-ahead delivery fell on Wednesday on a forecast rise in power output from renewable wind and solar sources, and a decline in demand due to mild temperatures. ›
Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. ›
British gas prices fell on Wednesday morning as lower-than-forecast demand, as well as strong flows from Norway and domestic fields, made the system oversupplied. ›
Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. ›
European electricity prices for Thursday delivery fell on Tuesday as consumption is expected to ease on the back of milder weather following a prolonged cold spell. ›
U.S. oil advanced to trade above $53 a barrel as Iraq said it’s close to implementing its share of pledged output curbs agreed with OPEC to trim bloated global inventories. ›
Oil prices are edging up in Asia on Monday after the Organization of the Petroleum Exporting Countries said it was near its target of cutting 1.8 million barrels of crude oil a day, two months after committing to the deal. ›
British wholesale gas prices declined on Monday morning due to healthy supplies of gas from Norway, even though consumption was higher on cold temperatures and low wind output. ›