- July 27th, 2016
UK Gas – Prices Weaken On Oversupply
British wholesale gas prices fell on Wednesday morning as higher supply nominations from Norway created oversupply. ›
British wholesale gas prices fell on Wednesday morning as higher supply nominations from Norway created oversupply. ›
Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. ›
Prompt British gas prices edged lower on Tuesday as exports dipped leading to a slightly oversupplied domestic market. ›
Oil prices rebounded from over three-month lows on Tuesday, lifted by a drop in the dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. ›
British wholesale gas prices rose on Monday morning due to the extension of some outages in Norway and Britain. ›
Oil traded near the lowest close in more than two months as U.S. producers increased drilling for a fourth week, raising speculation a global glut will persist. ›
UK prompt power prices edged higher Friday morning as a slight uptick in demand and weakened wind power generation was likely to add pressure on supply margins. ›
British gas prices for prompt delivery rose on Friday with demand outstripping supply and lower output from wind farms could spur consumption by gas-fired power plants later in the session. ›
European prompt power prices were driven higher for next week on Friday as French and German nuclear availability decreased and lower wind power supply also tightened the supply side. ›
Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. ›