Prompt British wholesale gas prices edged lower on Thursday morning on an influx of liquefied natural gas (LNG) cargoes to UK terminals, stronger Norway flows and an expected drop in demand.
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Oil prices rose on Thursday, recouping some of the losses from the previous session that followed a surprise increase in U.S. crude inventories, as the market mood switched to relief after OPEC forecast a supply deficit next year.
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Germany’s over-the-counter baseload power contract for day-ahead delivery posted strong gains in wholesale trade on Wednesday, supported by forecasts showing a sharp drop in wind power generation.
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Oil prices fell on Wednesday after industry data showed an unexpected build in crude inventory in the United States and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday.
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British wholesale gas prices dropped on Tuesday morning after Ukrainian President Volodymyr Zelenskiy said overnight that Ukraine and Russia would work on a transit deal following his meeting with Russian President Vladimir Putin on Monday. ›
Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.
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European spot electricity prices for day-ahead delivery soared on Monday, buoyed by forecasts showing a sharp drop in electricity generation from wind turbines, while demand is expected to rise due to cold weather.
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Prompt British wholesale gas prices rose on Monday morning supported by an strongly undersupplied gas system.
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Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-U.S. trade war.
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