- August 3rd, 2021
UK GAS-Prices decline on correction, higher Norwegian flows
British wholesale gas prices declined on Tuesday morning as flows increased from Norway and prices corrected after gains on Monday.
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British wholesale gas prices declined on Tuesday morning as flows increased from Norway and prices corrected after gains on Monday.
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Crude oil prices reversed course after an early bounce on Tuesday, as concerns over coronavirus curbs combined with slowing factory activity in key markets weighed on sentiment.
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European wholesale spot power prices jumped on Monday on a forecast drop in wind supply throughout the region.
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British wholesale gas prices rose on Monday morning as forecasts for low output from the country’s wind farms led to increased demand for power from gas-fired plants while both domestic supply and imports from Norway fell.
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Oil prices fell on Monday on worries over China’s economy after a survey showed growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.
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British wholesale gas prices were mostly down on Friday morning as prices corrected gains over the past week and Norwegian imports increased. ›
Oil prices fell on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe. ›
Day-ahead British wholesale gas prices rose to a fresh three-year high on Thursday morning as lower supply due to outages coincided with strong demand from gas-fired power plants amid low output from the country’s nuclear plants. ›
Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude oil prices pushing back past $75 a barrel. ›
British wholesale gas prices rose on Wednesday morning, as Norwegian and domestic flows were reduced due to outages. ›