- February 27th, 2018
UK GAS-Prices soar on undersupply, colder forecasts
British wholesale gas prices soared on Tuesday, as forecasts of colder temperatures increased demand, leaving the system undersupplied. ›
British wholesale gas prices soared on Tuesday, as forecasts of colder temperatures increased demand, leaving the system undersupplied. ›
Oil prices on Tuesday erased earlier gains as investor concerns about rising U.S. oil output offset signs of stronger demand and faith in the ability of OPEC production curbs to curtail supply. ›
British wholesale prompt gas prices climbed 50 percent in the week to reach mid-December highs as cold weather forecast, alongside a shortage of gas tankers and low reserves, stoked supply concerns. Dutch spot gas prices also climbed sharply. ›
Oil slipped to $66 (47.21 pounds)a barrel on Friday, under pressure from concerns that rising U.S. oil output and exports will offset OPEC-led attempts to erode stockpiles with output curbs. ›
British wholesale gas prices were boosted on Thursday by forecasts of colder weather and increased demand from gas retailers looking to secure sufficient supply before the close of the month. ›
Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in U.S. crude inventories. ›
British wholesale gas prices rose on Tuesday morning, as forecasts for cooler weather and expectations of low output from wind farms buoyed demand. ›
Oil markets were split on Tuesday, with U.S. crude pushed up by reduced flows from Canada while international Brent prices eased. ›
British wholesale gas prices rose on Friday morning on colder weather forecasts, despite a slightly oversupplied system. ›
U.S. crude extended gains in subdued trade on Friday as the dollar slipped to a three-year low, with many Asian markets closed for the Lunar New Year holiday. ›