- August 22nd, 2018
UK GAS-Prices up on anticipation of lower imports, stronger oil
British wholesale gas prices rose on Wednesday morning on expectations of lower exports from Norway and as strong oil prices boosted the curve. ›
British wholesale gas prices rose on Wednesday morning on expectations of lower exports from Norway and as strong oil prices boosted the curve. ›
Oil markets rose on Wednesday on a drop in U.S. crude inventories and a weaker dollar, while concerns about a potential shortfall in Iranian supply from November due to U.S. sanctions also buoyed prices. ›
European power curve prices on Tuesday hit the latest in a series of contract highs in recent weeks, driven by gains in related carbon emissions rights and with a firm oil market that lifted gas curve prices. ›
EU carbon dioxide allowance prices are likely to average Eur35/mt to Eur40/mt over the period 2019-23, accelerating coal-to-gas fuel switching in the power generating sector. ›
British wholesale gas prices rose on Tuesday as flows were curbed by strike action at three North Sea oil and gas fields and exports flowed to the continent, leaving the system undersupplied. ›
Oil prices held firm on Tuesday, with U.S. fuel markets seen to be tightening, although the release of crude from the American strategic reserve somewhat offset an expected supply cut due to upcoming sanctions against Iran. ›
European spot power price rose on Monday as German wind supply was set to fall sharply, while benchmark forward prices struck a new contract high in step with a strong EU carbon market. ›
British wholesale gas prices were mostly lower on Monday morning amid an oversupplied system and less exports to continental Europe. ›
Oil prices were mixed on Monday, weighed down by concerns over slowing economic growth but supported by the expected impact of U.S. sanctions on Iran, which will start targeting the petroleum industry from November. ›
British wholesale gas prices rose on Friday morning amid lower Norwegian flows due to annual maintenance and ahead of industrial action in the North Sea early next week ›