- January 2nd, 2019
UK GAS-Prices jump on forecast for colder weather
British prompt natural gas prices jumped on Wednesday on forecasts for colder weather, recovering from steep falls during the Christmas and New Year holiday period.
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British prompt natural gas prices jumped on Wednesday on forecasts for colder weather, recovering from steep falls during the Christmas and New Year holiday period.
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Oil markets dropped by around 1 percent in 2019’s first trading on Wednesday, pulled down by surging U.S. output and concerns about an economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted.
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British wholesale gas prices were mixed on Friday, as oversupply dented prompt values, while those for January were lifted by forecasts for cooler weather.
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Oil prices climbed on Friday, claiming back ground from a tumble of 5 percent in the previous session, on signs that OPEC’s output cuts that start next month will be deeper than expected. ›
Oil prices fell about 3 percent on Thursday, heading back towards their lowest levels for more than a year on worries about oversupply and the outlook for energy demand as stock markets tumbled following a U.S. interest rate rise. ›
Prompt British wholesale gas prices rose on Thursday as outages in Norway reduced pipeline flows and liquefied natural gas supply is low. ›
European power contracts for year-ahead and next-week deliveries rose on Wednesday, buoyed by the rise in related fuels and carbon prices, and a forecast fall in wind output next week, while day-ahead contracts dipped on low demand. ›
Prompt British wholesale gas prices rose on Wednesday morning on lower forecasts for wind power production and cooler temperatures.
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Oil prices fell 4 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets.
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British wholesale gas prices fell on Tuesday as above-normal temperatures and strong power output from wind turbines curbed demand.
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