Oil prices erased early gains to trade almost flat in Asian session on Thursday on mixed U.S. crude stocks data and doubts over OPEC’s implementation of an output cut, although a weaker dollar aided sentiment. ›
Spot power prices in Germany and France were down early on Wednesday on expectations for higher renewable energy output while prices for next week jumped on a tighter supply picture, traders said. ›
Oil prices steadied on Wednesday as investors waited to see if OPEC and Russia would deliver promised production cuts designed to end a supply overhang that has weighed on the market for more than two years. ›
Oil prices eased early in Asia as crude output rises in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017. ›
British wholesale gas prices fell on Monday morning on expectations of weaker demand as temperatures above the seasonal norm are forecast for the rest of this week. ›
Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, as optimism spread about the prospect of a tightening market after OPEC members agreed on a landmark deal to cut production last week. ›
German and French spot power prices jumped on Monday as the market grappled with rising demand and low wind power supply in Germany. ›
British wholesale gas prices fell on Friday morning due to healthy supply and also less demand for gas for heating due to a slight increase in temperatures forecast for next week. ›
Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s OPEC-Russia accord on cutting output giving way to questions on the “sticking point” of implementing the deal. ›
Although it will be impacted by poor generation and supply in France, the UK has enough energy reserves to make it through a cold winter, according to ENTSO-E’s analysis of security of supply risks in Europe. ›
