- October 21st, 2016
UK Gas – Prompt prices slip as supply outpaces demand
British prompt gas prices opened lower on Friday morning, as strong imports from Norway contributed to a slightly oversupplied gas system. ›
British prompt gas prices opened lower on Friday morning, as strong imports from Norway contributed to a slightly oversupplied gas system. ›
Crude held above $50 a barrel as investors weighed the likelihood of a deal to reduce supply after Russia’s largest oil company said the country was capable of a significant increase to output. ›
European spot power prices eased Thursday on the back of typically lower demand ahead of the weekend and with the end of strike action in France easing risk on the supply side. ›
With big debt deal and rising oil prices, market message is don’t ‘bet against the Saudis’ ›
British spot gas prices rose on Wednesday after hitting the highest level for more than a year a day earlier on lower imports and a calmer and cooler weather outlook. ›
Oil prices rose early on Wednesday, pushed up by a report of a fall in U.S. crude inventories and an OPEC statement saying a planned production cut was achievable, although analysts warned that Chinese economic data could erode the bullish momentum. ›
UK spot power prices recovered Monday’s losses on Tuesday as higher demand and lower wind output forecasts boosted the market, while an expected slump in wind in the latter half of the working week pushed prompt contracts further higher, sources said. ›
British natural gas prices for instant delivery jumped more than five percent on Tuesday due to colder weather forecasts supporting heating demand. ›
Britain’s heating season has started with a bang, as natural gas contracts reverse a two-year slump. ›
Oil shrugged off data forecast to show U.S. stockpiles gained a second week, edging back above the $50 level where prices have hovered since rallying on OPEC’s decision to cut output last month. ›