- June 5th, 2018
European spot power prices surge on tight supply, curve gains
European spot prices firmed Tuesday morning, supported by tight supply, accumulating outages and low renewables supply, traders said. ›
European spot prices firmed Tuesday morning, supported by tight supply, accumulating outages and low renewables supply, traders said. ›
Crude oil futures were higher during mid-afternoon trade in Asia Tuesday on bargain hunting after an overnight price fall and expectations of a continuing drawdown in crude inventories in the US. ›
British wholesale gas prices were mostly higher on Tuesday morning as temperatures fell and ahead of several planned outages. ›
British wholesale gas prices rose on Monday morning as lower temperatures forecast for the week and maintenance at Norway’s gas export facilities increased demand and created a supply shortage.
›
Crude oil futures lost more ground on Monday as the market was weighed down by U.S. output climbing to a record-high and expectations that OPEC members will raise supplies.
›
UK day-ahead power prices for Monday fell Friday amid lower NBP gas prices, while the curve followed a similar trend, mirroring lower carbon allowance for December. ›
British wholesale gas prices were mostly down on Friday morning due to a well-supplied system and expected reduced consumption. ›
Crude futures regained ground after early losses on Friday, but the U.S. benchmark is set for a second consecutive week of declines as U.S. oil output comes close to matching that of top producer Russia. ›
British wholesale gas prices rose on Thursday as several installations prepared for – or were already in – outage, climbing far above seasonal averages despite consumption staying below norms for this time of the year. ›
Oil prices eased slightly on Thursday following a rally in the previous session, as investors eyed a surprise increase in U.S. crude oil inventories and looked to a possible rise in output when OPEC and other producers meet in June. ›