- February 14th, 2017
UK Gas – Milder weather and fresh LNG supply weigh on prices
British day-ahead gas price 0.70 pence higher at 50.30 pence per therm at 0940 GMT. ›
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. ›
Oil prices rose on Thursday, boosted by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remain under pressure. ›
UK wholesale natural gas prices shrugged off expectations of higher demand in the short term as the March contract continued to be sold due to firmer forecasts of a mild beginning to next month. ›
Oil fell a third day after industry data showed U.S. crude stockpiles surged, raising speculation rising supply from U.S. shale producers is offsetting cuts by OPEC. ›
UK day-ahead power contracts retreated on Tuesday, halting a three-day winning streak, as a bearish NBP gas market and falling demand offset the bullish impact of plummeting wind generation. ›
Oil firmed on Tuesday after falls the previous session, with markets torn between mixed price indicators that have kept crude range-bound for much of the year. ›
Oil prices edged up on Monday on fears that new U.S. sanctions against Iran could be extended to affect crude supplies, but markets were capped by further signs of growing U.S. production. ›