- January 9th, 2017
UK GAS-Prices rise on expectations of colder weather this week
British wholesale gas prices rose on Monday on expectations of colder weather towards the end of this week, which would increase demand for heating. ›
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. ›
German power prices for Monday and next week jumped early on Friday on higher demand and low expected renewable supply in the European wholesale market amid an ongoing cold weather spell. ›
Oil prices dipped on Thursday, hit by doubts that producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support. ›
Oil edged higher on Wednesday, with top exporter Saudi Arabia expected to raise prices for its crude as part of planned supply cuts, although a strong dollar and moderate economic growth prospects restricted gains. ›
UK prompt gas prices plunged on Tuesday, the first full trading day of 2017, as weak demand and ramped-up North Sea supply wiped out more of last month’s gains, matched by sell-offs on European coal, carbon and power markets. ›
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut. ›
European spot power prices on Tuesday were volatile, driven by weather patterns, with day ahead prices pressured by a rising supply of wind power in major producer Germany and as a colder weather later this week pushed up prices in that period. ›