- May 26th, 2016
UK Gas – Prices rise on undersupplied system, stronger oil
British gas prices rose on Thursday as lower supplies from Norway left the system undersupplied and oil prices climbed to a near seven-month high. ›
British gas prices rose on Thursday as lower supplies from Norway left the system undersupplied and oil prices climbed to a near seven-month high. ›
Brent crude rose above $50 a barrel for the first time in more than six months as a drop in U.S. stockpiles accelerated a rebound from a 12-year low after global disruptions trimmed the market’s glut. ›
Day-ahead power contracts in the UK rallied on Tuesday, retracing most of Monday’s fall as falling wind power generation and a transmission link outage are likely to tighten surplus margins and increase system demand. ›
British prompt gas prices rose on Tuesday morning, as imports from Norway dropped, leaving the market under-supplied. ›
Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. ›
British wholesale gas prices fell on Monday as Norwegian supply and domestic output ramped up, helped by a resumption in flows from the Bacton Seal terminal hit by an outage last week. ›
Oil dropped for a fourth day as producers in Canada worked to resume operations after wildfires curbed output and Iran continued to raise exports amid a global surplus. ›
British spot gas prices fell on Friday in response to an oversupplied transmission system and lower demand. ›
British wholesale gas prices continued to fall on Thursday on an expected increase in domestic supply, strong flows from liquefied natural gas (LNG) terminals and lower oil prices. ›
Oil extended its decline for a second day as U.S. crude stockpiles unexpectedly increased, keeping supplies at the highest level in more than eight decades. ›