- September 26th, 2018
UK GAS-Prices down on higher temperatures, strong wind
British wholesale gas prices fell on Wednesday as warmer weather and strong wind reduced demand for gas, leaving the system oversupplied. ›
British wholesale gas prices fell on Wednesday as warmer weather and strong wind reduced demand for gas, leaving the system oversupplied. ›
Brent crude was trading around its highest in nearly four years on Wednesday, while U.S. crude futures fell as Washington tried to assure consumers that the market would be well supplied before sanctions are re-imposed on producer Iran. ›
British wholesale gas prices declined on Tuesday morning due to an oversupplied system and reduced demand. ›
Brent crude oil prices hit a fresh four-year high on Tuesday amid looming U.S. sanctions against Iran and an apparent reluctance by OPEC and Russia to raise output to offset the expected to hit to supply. ›
British wholesale gas prices rose on Monday as lower temperatures increased demand, leaving the system undersupplied. ›
European prompt power contracts rose sharply on Monday on declining wind power supply in Germany, while the prospect of lower temperatures and coming winter demand drove monthly and quarterly contracts to records. ›
Oil prices rose 2 percent on Monday as U.S. sanctions restricted Iranian crude exports, tightening global supply, with some traders forecasting a spike in crude to as much as $100 per barrel. ›
The German spot electricity contract for delivery early next week fell on Friday, pressured by a forecast sharp rise in power generation from German wind turbines while consumption is expected to dip. ›
The British within-day gas price fell on Friday due to increased imports from Norway and strong wind power production, but forecasts for approaching colder weather helped lift the day-ahead contract. ›
Oil futures inched up on Friday amid concerns over supply as U.S. sanctions on Iran’s crude exports loom, although calls by U.S. President Donald Trump for lower oil prices dragged. ›