- March 16th, 2016
Oil Climbs as Producers Plan to Meet Next Month in Doha
Oil rallied after the biggest two-day slump in a month as some OPEC members planned to meet with other producers next month to resume talks on capping production. ›
Oil rallied after the biggest two-day slump in a month as some OPEC members planned to meet with other producers next month to resume talks on capping production. ›
Oil headed for the longest run of weekly gains since May amid signs of rising U.S. fuel demand and easing crude production. ›
British gas for immediate delivery fell on Friday due to an oversupplied system while curve prices were buoyed by higher oil. ›
British spot gas prices eased on Thursday on expectations for lower demand thanks to rising temperatures and a ramp up of the Bacton Seal terminal. Those factors offset intra-day tightness caused by low flows from the UK continental shelf and LNG terminals. ›
Oil prices dipped on Thursday after U.S. crude hit 2016 highs the day before and Brent shot back over $40 per barrel, with analysts warning that larger gains would be unwarranted as a global glut continues to outweigh strong demand. ›
Prompt power prices in the UK market bounced back Wednesday on tightening surplus margins following forecasts for less than 1 GW of wind power generation and lower nuclear availability, amid stable demand. ›
Spot gas prices on the UK’s NBP are lower Wednesday morning than at Tuesday’s close and demand has eased. ›
British spot gas prices fell on Wednesday as mild weather and forecasts for high wind power output curbed demand. ›
Brent crude prices rose to nearly $40 per barrel on Wednesday as traders expected defaults to trigger a drop in production, but analysts warned it would take time for the global glut to shrink as energy demand slows. ›
British spot gas prices rose on Tuesday morning as supplies tightened due to maintenance limiting domestic output, a slightly colder weather outlook and lower imports from the Netherlands. ›