- April 29th, 2016
UK Gas – Spot prices drop as milder temperatures temper demand
British gas prices fell on Friday as consumption levels declined in line with slightly milder temperatures and an adequately supplied transmission network. ›
British gas prices fell on Friday as consumption levels declined in line with slightly milder temperatures and an adequately supplied transmission network. ›
British gas prices fell on Thursday morning on falling oil prices and expectations that a cold snap driving demand well above seasonal norm would end this week. ›
Oil traded near the highest close in more than five months after a further drop in U.S. crude production, as lower prices take their toll on the nation’s shale boom. ›
Crude oil futures rose around half a dollar on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month’s bull-run could soon run out of steam. ›
British wholesale gas prices rose on Tuesday as demand surged and some supplies were disrupted. ›
Crude futures edged up on Tuesday due to a weaker dollar and hopes for an easing of the global oil glut, although gains were capped by concerns that a battle for market share between Saudi Arabia and Iran could intensify further. ›
British prompt gas prices fell on Monday as imports from Norway and liquefied natural gas (LNG) supplies remained strong, leaving the market oversupplied, despite strong demand amid cool weather. ›
Oil retreated from the highest close in five months amid signs a global glut will be prolonged as Middle East producers boost supplies. ›
British spot gas prices fell on Friday morning as supply disruptions eased, leaving the market almost balanced. ›
UK wholesale natural gas prices turned bullish on the open Thursday as the UK gas system was seen short, with further support offered for the NBP curve as oil prices rose further in overnight trade. ›