- March 11th, 2020
UK GAS-Prices mostly edge up on higher consumption, lower LNG send-out
British wholesale gas prices were mostly slightly higher on Wednesday morning as consumption rose and liquefied natural gas and Norwegian flows decreased. ›
British wholesale gas prices were mostly slightly higher on Wednesday morning as consumption rose and liquefied natural gas and Norwegian flows decreased. ›
Oil prices fell on Wednesday, giving up earlier gains, after Saudi Aramco said it had been directed by the energy ministry to raise its production capacity by a million barrels per day. ›
Prompt British wholesale gas prices edged higher on Tuesday as supply from the country’s liquefied natural gas (LNG) terminals fell.
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Oil prices jumped by 5% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, although early gains were pared on demand concerns over the global spread of the coronavirus.
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Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak.
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Prices of Asian spot liquefied natural gas (LNG) edged up this week as supply for cargoes to be delivered in April tightened, but traders expected prices to remain low for a while as demand continued to be weak amid the coronavirus outbreak. ›
European spot electricity prices for early next week delivery rose on Friday, boosted by forecasts showing a fall in German wind power generation and French nuclear power supply. ›
British wholesale gas prices fell on Friday morning as temperatures and wind power output were set to rise to above normal levels, denting gas demand. ›
Oil prices slid more than 4% on Friday to their lowest since July 2017 after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices. ›
European spot electricity prices for day-ahead delivery slumped on Thursday, pressured by forecasts showing a doubling in German wind power generation and a fall in consumption. ›