- January 27th, 2016
UK Gas – Higher forecast demand supports prices
British gas prices rose on Wednesday in line with higher demand due to a forecast dip in temperatures and higher crude oil prices in the previous session, trade sources said. ›
British gas prices rose on Wednesday in line with higher demand due to a forecast dip in temperatures and higher crude oil prices in the previous session, trade sources said. ›
Crude oil futures dropped around 2 percent on Wednesday, heading back towards $30 a barrel as profit-taking wiped out a chunk of the gains notched up in the previous session on hopes for output cuts. ›
French energy giant had been expected to take a final investment decision on new nuclear plant on January 27 but has postponed it again ›
Crude futures dropped below $30 a barrel on Tuesday, extending the previous day’s losses by more than 3 percent, as persistent worries about oversupply and more signs of a Chinese economic slowdown spooked the market. ›
Oil gave up its gains after the world’s biggest crude exporter said it’s keeping up investments in energy projects. ›
British wholesale gas prices as milder-than-average temperatures curbed demand for gas for heating and higher wind output was forecast to stem gas demand from power plants. ›
Oil prices rose 5 percent on Friday to scale the $30 mark breached last week, as cold U.S. and European weather as well as firmer financial markets gave traders reason to cash in on record short positions. ›
UK day-ahead power prices fell further Thursday, extending a three-day losing streak as increased wind power supply coupled with lower demand ahead of the weekend and milder weather conditions weighed on the prompt market. ›
Prompt British gas prices fell sharply on Thursday as a forecast for milder weather was expected to temper demand for heating while lower oil prices weighed on contracts all along the curve. ›
European forward power prices fell to record lows on Thursday as oil prices extended their losses on concerns over global oversupply. ›