- February 2nd, 2016
UK Gas – Prices ease on near balanced system
British gas prices edged lower on Tuesday, with supply and demand almost matched, as mild weather curbed demand. ›
British gas prices edged lower on Tuesday, with supply and demand almost matched, as mild weather curbed demand. ›
Oil prices fell for a second session in Asian trade on Tuesday as worries about top energy consumer China and rising oil supply weighed on markets, although possible talks between OPEC and Russia on output cuts offered some support. ›
UK day-ahead power prices were mixed to slightly lower on Monday, mirroring weakness seen on the NBP spot gas market, while healthy wind supply and mild weather forecasts further weighed on the prompt. ›
British wholesale gas prices fell on Monday on an expected increase in supplies of liquefied natural gas (LNG) and lower than usual demand. ›
European power futures started the month with heavy losses on dwindling prompt prices and in sympathy with weaker coal and carbon on Monday. ›
Oil prices fell over 2 percent on Monday after China and South Korea posted weak economic data, while fading prospects for a coordinated output cut by leading crude exporters also hurt the market. ›