- April 24th, 2017
UK gas cold snap and lower Norwegian flows lift prices
British wholesale gas prices rose on Monday as colder temperatures lifted heating demand, exports to Europe remained high and imports from Britain’s main supplier Norway fell. ›
British wholesale gas prices rose on Monday as colder temperatures lifted heating demand, exports to Europe remained high and imports from Britain’s main supplier Norway fell. ›
Oil prices recovered lost ground on Monday following big losses last week, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. ›
British wholesale day-ahead gas prices edged higher on Friday morning, on expectations of cooler temperatures next week. ›
Oil prices edged lower on Friday, on course for the biggest weekly drop in a month, over doubts that an OPEC-led production cut will restore balance to an oversupplied market. ›
Prompt British wholesale gas prices were mixed on Thursday, with colder weather forecasts for next week supporting the day-ahead contract but within-day gas down on lower demand. ›
European electricity prices for day-ahead delivery fell on Thursday on a forecast increase in power production from wind, and a decline in consumption before the weekend. ›
Oil prices regained some ground on Thursday after steep losses the previous day, as Kuwait said it expected an OPEC-led effort to cut supplies would be extended beyond the middle of the year. ›
Prompt British wholesale gas prices edged higher on Wednesday in a slightly undersupplied system. ›
Oil prices were stable on Wednesday as OPEC said it was committed to draw down a global supply overhang that has dogged markets since 2014, although bloated U.S. output and inventories still weighed on crude. ›
Prices of baseload and peakload power for day-ahead delivery in the UK were nearly at parity on Tuesday, largely unchanged from Thursday’s close, as steady plant availabilities and higher solar forecast offset a decline in wind supplies. ›