- August 12th, 2019
UK GAS-Prices rise on lower wind power output
British wholesale gas prices rose on Monday morning as wind power output dropped from Friday’s levels, increasing demand for gas for power plants.
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British wholesale gas prices rose on Monday morning as wind power output dropped from Friday’s levels, increasing demand for gas for power plants.
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Oil prices edged lower on Monday amid worries about an economic slowdown and the Sino-U.S. trade war, which have led to a cut in the growth outlook for global oil demand.
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British wholesale gas prices were mixed on Friday as oversupply depressed within-day prices but an a drop in wind power boosted demand for Monday. ›
Oil prices inched higher on Friday as expectations of more OPEC production cuts provided some support, although concerns over the long-running U.S.-China trade dispute kept a lid on gains. ›
British wholesale gas prices fell on Thursday as sharply higher wind power generation weighed on gas-for-power demand in a market that was already expected to be slightly oversupplied. ›
Oil futures jumped more than $1 a barrel on Thursday, recovering half of the nearly 5% losses in the previous session, on expectations that lower prices may lead to production cuts. ›
British wholesale gas prices rose on Wednesday, partly correcting the previous day’s losses, as exports through the InterconnectorUK to Europe increased. ›
Oil prices slipped further on Wednesday, extending recent heavy losses as deepening Sino-U.S. trade tensions weighed on the outlook for the global economy and energy demand. ›
British wholesale natural gas prices fell on Tuesday as weak demand and a slight increase in production led to an oversupplied market with storage unable to take much more gas. ›
Oil prices rose 1% on Tuesday as traders betting on falling prices bought back contracts to lock in profits after declines over the last three sessions due to escalating trade tensions between China and the United States. ›