- June 11th, 2018
Oil prices slip as U.S. and Russian supplies grow
Oil prices slipped on Monday, pulled down by rising Russian production and as U.S. drilling activity rose to its highest in more than three years. ›
Oil prices slipped on Monday, pulled down by rising Russian production and as U.S. drilling activity rose to its highest in more than three years. ›
British wholesale gas prices were mixed on Friday morning with low Norwegian flows and weak wind power output boosting the within-day contract, while forecasts for higher temperatures caused a slight drop in the day-ahead contact ›
Oil prices fell on Friday, reversing early gains as signs of weakening demand in China and surging U.S. output weighed on markets despite support from supply woes in Venezuela and OPEC’s production cuts. ›
British prompt gas prices declined on Thursday morning as some gas terminals started to ramp up after outages and amid low demand. ›
Oil prices on Thursday rose on the back of plunging exports by OPEC-member Venezuela, recovering some ground lost in the previous session, although another surge in U.S. production still weighed on markets, traders said. ›
UK day-ahead power prices edged lower Wednesday on warm weather and underlying NBP natural gas prices also falling day on day. ›
British prompt gas prices dipped on Wednesday ahead of the return of gas fields undergoing outages, while forward contracts were supported by crude oil gains. ›
Oil prices rose on Wednesday after Venezuela raised the prospect of a halt to some crude exports, but gains were capped by reports that the U.S. government had asked Saudi Arabia and some other OPEC producers to increase output. ›
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. ›