- January 17th, 2017
UK Gas – Prices rise on increased consumption, undersupply
Prompt British gas prices rose on Tuesday, as increased consumption and lower supplies fuelled buying. ›
Prompt British gas prices rose on Tuesday, as increased consumption and lower supplies fuelled buying. ›
Prompt British gas prices fell on Monday morning, as forecasts for milder temperatures curbed demand. ›
Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply. ›
Prompt British gas prices fell on Friday morning, retreating from a 21-month high hit the previous day, as a bumper supply of gas led to an oversupplied system. ›
Oil held near $53 a barrel after its biggest two-day gain in almost six weeks as Saudi Arabia cut output below its targeted level, countering a rise in U.S. crude stockpiles and production. ›
British day-ahead prices reached their highest level since March 2015 on Thursday, as low temperatures for the next few days prompted more demand for heating. ›
Oil held gains after advancing the most in almost six weeks as U.S. refiners processed a record amount of crude, while OPEC and other producing nations trim output to stabilize the market. ›
Forecasts for colder-than-average temperatures sent prompt power prices in the UK and neighboring European markets higher, but fairly healthy supply margins due to strong wind generation limited gains in the UK. ›
British gas prices rose on Tuesday morning on forecasts of a cold snap and fears prices will need to climb much higher to attract LNG deliveries if the cold weather continues. ›
Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts the agreed reductions would rebalance an oversupplied market. ›