- November 19th, 2019
UK GAS-Prices mostly down as demand expected to weaken
British prompt wholesale gas prices were mostly lower on Tuesday morning amid expectations of weakening demand in the coming days.
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British prompt wholesale gas prices were mostly lower on Tuesday morning amid expectations of weakening demand in the coming days.
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U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while expectations of a rise in U.S. inventories also jangled nerves.
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European wholesale day-ahead electricity prices were mixed on Monday with France higher in response to colder weather and Germany falling on increased wind supply, while the forward benchmark for German delivery next year traded near 45 euros ($49.59) a megawatt hour, the lowest in 7 1/2 months.
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British wholesale gas prices were mostly lower on Monday morning due to expectations of lower demand from power plants and for heating.
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Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China and shrugging off concerns over steadily rising oil supplies.
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Wholesale electricity prices for Monday delivery rose on Friday as colder weather pushed up demand while conventional and renewable power supply tightened.
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British wholesale gas prices were mostly lower on Friday morning as UK domestic production ramped up following an outage.
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Oil prices gained on Friday after OPEC’s forecast for oil demand next year fuelled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.
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Prompt British wholesale gas prices were mixed in quiet trade on Thursday morning, with higher supply expected in the coming days and reduced consumption.
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Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support.
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