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  • February 18th, 2016

Oil prices climb as Iran endorses oil output cap

Crude futures rose in Asian trade on Thursday after Iran welcomed plans by Russia and Saudi Arabia to cap production, although analysts said the move would not lead to any output cuts and Tehran offered no action of its own. ›


  • February 17th, 2016

UK Gas – Spot prices edge higher on tight supplies

British gas for instant-delivery rose on Wednesday due to an undersupplied transmission network as several terminals cut output while demand for heating stayed high. ›


  • February 17th, 2016

Oil rises as output talks turn to Iran

Oil prices rose on Wednesday as efforts led by Russia and Saudi Arabia to broker a deal to freeze production levels and ease a global glut turned to Iran, which signalled a tough line. ›


  • February 16th, 2016

UK Gas – Prices rise as cold weather boosts consumption

British wholesale gas prices rose on Tuesday morning as gas consumption increased due to colder-than-average temperatures. ›


  • February 16th, 2016

Brent crude pares gains after Qatar says agrees output freeze

Brent crude oil futures pared gains on Tuesday after Qatar’s energy minister said his country had agreed to freeze output at January’s levels, together with Saudi Arabia, Russia and Venezuela. ›


  • February 12th, 2016

US crude surges 11% on output-cut hopes, short covering

Oil prices jumped more than 11 percent at their peak on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. ›


  • February 12th, 2016

Oil prices jump but weekly losses and physical excess loom

Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. ›


  • February 12th, 2016

UK Gas – Prompt prices down on ample supply

British prompt wholesale natural gas prices declined on Friday morning as supply outweighed demand. ›


  • February 11th, 2016

UK Gas – UK prompt prices edge higher on heating demand

British prompt wholesale natural gas prices edged higher on Thursday as colder temperatures pushed heating demand higher, while the system remained oversupplied. ›


  • February 11th, 2016

Oil prices fall on U.S. storage glut, ongoing economic woes

Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half of the year. ›


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