- October 17th, 2016
UK Gas – Instant delivery price falls on high imports, oversupply
British gas prices for within-day delivery fell on Monday morning, as strong imports from the Netherlands and Norway led to an oversupplied system. ›
British gas prices for within-day delivery fell on Monday morning, as strong imports from the Netherlands and Norway led to an oversupplied system. ›
Oil extended declines after U.S. producers increased drilling as the market contends with an overhang of crude inventories at the highest seasonal level in at least three decades. ›
Oil prices edged up on Friday, pushed by a tighter U.S. fuel market and as technical indicators attracted buying from financial players, but doubts over the feasibility of a planned production cut still weighed on markets. ›
Near-term UK wholesale natural gas prices were little changed in early Thursday trade with the UK gas system seen over-supplied, but the NBP prompt and curve opening higher on supply concerns. ›
British wholesale gas prices rose slightly on Thursday due to undersupply and expectations of lower temperatures. ›
Oil extended its decline below $50 a barrel after U.S. industry data showed stockpiles grew and as differences emerge within OPEC over how members will share output cuts. ›
UK day-ahead power prices were little changed on Wednesday, after sharp fluctuations over the month, as forecasts for increased wind power production coupled with bearish spot gas prices offset market jitters over tight supply. Baseload power for Thursday delivery was last heard trading at GBP47.05/MWh before S&P Global Platts 11 am London time market close, up 5 pence on the day. ›
Dutch and German day-ahead prices rose Wednesday on supportive fundamentals as demand in the Netherlands was seen rising and supply in Germany seen dropping amid stable demand, while temperatures in both areas remained below seasonal norms. ›
British gas prices for immediate delivery fell on Thursday morning, as imports of gas ramped up, leaving the system balanced. ›
Oil held above $50 a barrel amid uncertainty over Russia’s willingness to join OPEC efforts to stabilize the market. ›