- January 5th, 2018
EUROPE POWER-Prospect of colder conditions lifts next week prices
European power prices for Monday jumped in wholesale market trading on Friday on expectations for a sharp drop in temperatures and returning industrial demand. ›
European power prices for Monday jumped in wholesale market trading on Friday on expectations for a sharp drop in temperatures and returning industrial demand. ›
British prompt gas prices were mixed on Friday, mostly weather-driven. Milder-than-expected temperatures curbed within-day demand causing prices to fall, but forecasts for colder days coming boosted the day-ahead, traders said. ›
Oil prices fell on Friday, dropping away from highs last seen in 2015, as soaring U.S. production undermined a 10-percent rally from lows hit in December that was driven by tightening supply and political tensions in OPEC member Iran. ›
European day-ahead power prices rose on Thursday as winter storms faded and wind power supply fell, but the rest of the market slipped on bearish sentiment driven by good supply fundamentals and a benign weather outlook. ›
Prompt British wholesale gas prices rose on Thursday morning due to undersupply and higher gas-for-power demand because of reduced wind output. ›
Oil prices on Thursday hit their highest in more than two and a half years, touching levels not seen since before a slump in commodity markets in 2014/15, boosted by tensions in key producer Iran and by ongoing OPEC-led output cuts. ›
European spot power prices rose sharply on Wednesday amid winter gales that were forecast to decline by Thursday, while forwards power prices stabilised after a weaker start. ›
The British wholesale gas price for immediate delivery fell on Wednesday morning as milder temperatures and high output from the country’s wind farms curbed demand for gas. ›
Oil prices on Wednesday dipped away from the mid-2015 highs reached the previous session as high output in the United States and also Russia undermined ongoing efforts led by OPEC to tighten the market. ›
British wholesale prompt gas prices mostly rose on Tuesday in anticipation of colder temperatures lifting demand later in the week. ›