- January 12th, 2017
UK Gas – Day-ahead prices at highest since March 2015
British day-ahead prices reached their highest level since March 2015 on Thursday, as low temperatures for the next few days prompted more demand for heating. ›
British day-ahead prices reached their highest level since March 2015 on Thursday, as low temperatures for the next few days prompted more demand for heating. ›
Oil held gains after advancing the most in almost six weeks as U.S. refiners processed a record amount of crude, while OPEC and other producing nations trim output to stabilize the market. ›
Forecasts for colder-than-average temperatures sent prompt power prices in the UK and neighboring European markets higher, but fairly healthy supply margins due to strong wind generation limited gains in the UK. ›
British gas prices rose on Tuesday morning on forecasts of a cold snap and fears prices will need to climb much higher to attract LNG deliveries if the cold weather continues. ›
Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts the agreed reductions would rebalance an oversupplied market. ›
European power prices for the near-term and weeks and months in the first quarter rose on Tuesday, as the impact of more cold weather and tight thermal supply spilled into mid-term contracts, while German day-ahead power fell. ›
British wholesale gas prices rose on Monday on expectations of colder weather towards the end of this week, which would increase demand for heating. ›
Oil prices fell on Monday as increased exports from Iran undermined efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th straight week. ›
British wholesale gas prices rose slightly on Friday morning due to increased consumption. ›
Oil prices were little changed on Friday after gaining nearly 1 percent the day before on news that Saudi Arabia had cut production to meet OPEC’s agreement to reduce output. ›