- December 11th, 2017
UK GAS-Supply shortages and cold snap lift prices
British wholesale natural gas prices rose on Monday morning as surging demand due to near-freezing temperatures left the system struggling to cope with gas shortages. ›
British wholesale natural gas prices rose on Monday morning as surging demand due to near-freezing temperatures left the system struggling to cope with gas shortages. ›
Oil markets edged lower on Monday as ongoing output cuts led by OPEC were countered by rising U.S. drilling activity that points to a further increase in American production. ›
German day-ahead power prices were boosted on Thursday by forecasts for falling wind power output from high levels this week but the contract proved to be the exception in a generally falling market. ›
British wholesale prompt gas prices rose on Thursday morning on expectations of a cold snap which has increased consumption forecasts. ›
Oil prices were stable on Thursday as a fall in U.S. crude inventories was countered by soaring output and a rise in fuel stocks. ›
High wind power production in Germany, Europe’s most central and best-connected market, curbed wholesale spot prices on Wednesday while those for next week, although down on the day, remained relatively high in a reflection of colder weather forecasts. ›
British wholesale gas prices fell on Wednesday due to high Norwegian flows which created an oversupplied system and short-term forecasts for milder weather and strong wind output. ›
Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand. ›
French electricity prices for the coming weeks fell on Tuesday after reports the ASN regulatory authority approved restarts of all four Tricastin nuclear reactor blocks before the end of 2017, calming previous supply concerns for the near future. ›
British gas prices rose on Tuesday morning as an unplanned outage curbed flows into Perenco’s Bacton terminal in southeast England. ›