- March 11th, 2019
UK GAS-Prices dip on strong wind output
British wholesale gas prices were slightly lower on Monday morning as strong wind power output reduced demand from gas-to-power plants.
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British wholesale gas prices were slightly lower on Monday morning as strong wind power output reduced demand from gas-to-power plants.
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Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.
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Oil prices fell on Friday amid growing investor jitters over the global economy, after the European Central Bank (ECB) warned overnight of continued weakness and as fresh data showed Chinese exports and imports slumped last month. ›
British wholesale gas prices edged higher on Friday morning on expectations of colder weather next week and reduced liquefied natural gas supply. ›
British wholesale gas prices fell on Thursday due to strong wind generation and oversupply in the gas system.
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Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by record U.S. crude output and rising commercial fuel inventories.
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British wholesale gas prices fell on Wednesday as warmer weather reduced demand, leaving the system oversupplied.
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Oil prices fell on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed OPEC-led production cuts.
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British wholesale gas prices got a small boost on Tuesday due to a supply deficit in the system and a slight rise in carbon prices. ›
Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support. ›