- March 9th, 2016
UK Gas – Prompt prices slip on mild weather, high wind power output
British spot gas prices fell on Wednesday as mild weather and forecasts for high wind power output curbed demand. ›
British spot gas prices fell on Wednesday as mild weather and forecasts for high wind power output curbed demand. ›
Brent crude prices rose to nearly $40 per barrel on Wednesday as traders expected defaults to trigger a drop in production, but analysts warned it would take time for the global glut to shrink as energy demand slows. ›
British spot gas prices rose on Tuesday morning as supplies tightened due to maintenance limiting domestic output, a slightly colder weather outlook and lower imports from the Netherlands. ›
Brent oil halted gains above $40 a barrel as forecasts that U.S. stockpiles would remain at the most since 1930 competed with speculation producers may agree to an output freeze. ›
British wholesale gas traded mixed on Monday morning, as prompt prices declined on expectations of milder temperatures and increased supply towards the end of this week while the curve mostly rose on oil price gains. ›
Oil prices extended gains on Monday that have lifted crude benchmarks by more than a third from this year’s lows, as tightening supply and an improving global outlook strengthened the sentiment for a market recovery. ›
British prompt gas prices firmed on Friday on lower supplies from the UK’s continental shelf against a backdrop of forecasts for cooler weather over the weekend. ›
British gas prices for prompt delivery fell on Thursday as strong exports from Norway boosted flows into the oversupplied system. ›
Oil prices reversed earlier gains on Thursday as swelling U.S. crude inventories outweighed growing sentiment that a 20-month-long market rout is coming to an end. ›
Near-term UK wholesale natural gas prices rose at the open Wednesday, with the UK gas system undersupplied due to lower Norwegian gas imports and an unplanned outage on the UK Continental Shelf, with longer-term NBP contracts easing lower in early trading. ›