- January 31st, 2017
Oil Set for Monthly Loss as OPEC Cuts Seen Spurring U.S. Supply
Oil is set for its first monthly decline since October as signs that U.S. supply is expanding offset OPEC’s production curbs. ›
Oil is set for its first monthly decline since October as signs that U.S. supply is expanding offset OPEC’s production curbs. ›
UK day-ahead power contracts climbed higher on Monday, halting a five-day losing streak, on the back of tightening supply margins and bullish spot gas prices. ›
British wholesale gas prices rose on Monday as a partial shutdown of the Elgin-Franklin platform in the North Sea and an extended outage at a gas storage facility tightened supplies, traders said. ›
Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. ›
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. ›