- March 22nd, 2012
Budget 2012: chancellor fires starting gun on dash for gas
George Osborne’s speech light on green pledges but contains boosts for fossil fuel companies ›
George Osborne’s speech light on green pledges but contains boosts for fossil fuel companies ›
British prompt gas prices rose on Friday morning as planned maintenance at a terminal in Scotland reduced output from the facility, leaving the system undersupplied despite low demand and mild weather. ›
Oil advanced for the first time in three days in New York, trimming a weekly decline as investors bet that fuel demand will increase with an economic recovery in the U.S., the world’s biggest crude consumer. ›
Brent crude held above $125 on Friday, heading for its sixth weekly gain in seven, following news of a successful Greek debt swap deal that brings the country a step closer to securing a bailout needed to avoid a messy default. ›
British benchmark front-season gas prices rose close to a one-week high on Thursday as oil rebounded and analysts renewed concerns about Britain having to compete for liquefied natural gas (LNG) with higher-paying Asian buyers. ›
British prompt gas prices fell on Monday as output from liquefied natural gas (LNG) terminals jumped and revised weather forecasts sapped demand, countering the impact of less frequent seaborne gas imports as Asia snatched more of Europe’s share. ›
Oil declined in New York, extending last week’s loss amid concern of slowing consumption in China after the country lowered its growth goal. ›
Traders in U.K. natural gas are grappling with the most changeable prices in more than two years as investors weigh Britain’s growing dependence on imports and a waning ability to respond to surges in demand. ›
Oil traded near a nine-month high after United Nations inspectors in Iran were denied access to a suspected nuclear site, raising concern that tensions between OPEC’s second-biggest producer and Western nations may escalate. ›