Oil held above $53 a barrel, after spending last week in the smallest trading range in 13 years, as investors weighed rising U.S. drilling activity against OPEC production cuts. ›

UK day-ahead power contracts fell steeply Friday, mirroring declines in the spot gas market, with an improved supply picture and bearish power demand further weighing on the prompt, sources said. ›

Dutch and German near-term prices fell sharply Friday morning as bearish sentiment resumed on a drop in demand amid rising temperatures across Europe, with market participants shrugging off ongoing outages on the Norwegian continental shelf. ›

British within-day gas price falls 2.15 pence to 47.75 pence per therm at 0947 GMT. ›

Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. ›

The NBP curve went in different directions in early Thursday trade as the market began to price in the fact that Rough storage will not inject gas during the second quarter of the year, lowering demand expectations for the period. ›

Oil held steady on Thursday, supported by ongoing supply cuts led by producer group OPEC, while rising fuel inventories and crude production in the United States dragged on prices. ›

Britain’s largest natural gas storage site, Rough, will not be available for gas injection until at least July 1 due to ongoing tests on wells and analysis of the work, operator Centrica Storage Limited (CSL) said on Thursday. ›

Oil prices dipped on Wednesday over concerns that OPEC producers would not be able to maintain their high compliance so far with output cuts aimed at reining in a global fuel supply overhang. ›

British day-ahead gas price 0.70 pence higher at 50.30 pence per therm at 0940 GMT. ›