- September 10th, 2020
UK GAS-Prices fall on oversupply, weak demand
Prompt British wholesale gas prices fell on Thursday morning as Norwegian supply increased and demand remained subdued.
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Prompt British wholesale gas prices fell on Thursday morning as Norwegian supply increased and demand remained subdued.
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British wholesale gas prices rose on Friday morning, supported by an improved gas demand outlook and supply concerns. ›
Oil prices were hovering around multi-week lows on Thursday as worries about falling U.S. gasoline demand and sluggish economic recovery from the COVID-19 pandemic dented sentiment. ›
Oil rose to $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of a recovery from the coronavirus pandemic. ›
Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows. ›
Oil prices inched higher on Friday, clawing back narrow losses earlier in the session as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.
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British wholesale gas prices dipped on Thursday morning as Norwegian supply was strong and demand expected to fall as stronger wind is forecast, even though upcoming outages will reduce flows. ›
Oil prices held steady on Thursday as a massive hurricane in the Gulf of Mexico raced towards the heart of the U.S. oil industry, which has forced oil rigs and refineries to shut down production. ›
Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-U.S. trade talks.
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British wholesale gas prices rose sharply on Monday morning as low wind power generation and a drop in UK gas supply led to an undersupplied system.
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