- July 17th, 2018
UK GAS-Day ahead price falls on corrective trading, oversupply
British day-ahead gas price moved down slightly on Tuesday morning amid oversupply and in a move that traders say corrects the previous session’s gains.
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British day-ahead gas price moved down slightly on Tuesday morning amid oversupply and in a move that traders say corrects the previous session’s gains.
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Oil traded below $68 as investors weighed the prospect of shrinking U.S. inventories against more supply from Saudi Arabia and America’s emergency hoard.
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A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has hit oil output after employers did not respond to demands for higher wages and pension benefits. ›
British wholesale gas prices rose on Monday morning as low wind energy output drove up gas-to-power demand. ›
Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increases by Russia and other oil producers. ›
Monday power prices rose in European wholesale market trading on Friday on expectations for low German wind power and tighter nuclear supply, while forwards tracked weaker fuels prices. ›
British wholesale gas prices rose on Friday as an outage at a gas terminal dented flows leaving the system a little undersupplied following several days of price falls. ›
Oil prices fell on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness in spare capacity. ›
European wholesale spot electricity prices fell on Thursday in response to the prospect of weaker demand and more solar supply even though wind power supply is tightening. ›
British wholesale gas prices fell on Thursday as higher domestic output and slightly lower projected demand left the system oversupplied. ›