- March 31st, 2017
UK Gas prices decline on oversupply, lower demand
Prompt British wholesale gas prices fell on Friday morning due to an oversupplied system and lower demand. ›
Prompt British wholesale gas prices fell on Friday morning due to an oversupplied system and lower demand. ›
Speculation OPEC will extend its deal to curb output and ease a global glut is sending oil toward its biggest weekly increase this year. ›
European spot electricity prices for day-ahead delivery slipped on Thursday, pressured by a forecast fall in consumption because of mild weather, while an increase in power production from renewable wind and solar sources will also weigh on prices. ›
Prompt British wholesale gas prices edged higher on Thursday morning in a slightly undersupplied system but are likely to come under pressure later in the day, traders said. ›
Oil prices rose on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inventories curbed gains. ›
British within-day gas prices fell on Wednesday in response to lower demand for gas to heat homes and produce electricity, and the early return of flows through the Theddlethorpe terminal. ›
An unexpected disruption in Libyan crude output is helping oil investors shrug off record U.S. stockpiles that have undermined voluntary supply curbs by other OPEC nations. ›
UK day-ahead power prices slumped on Tuesday as weakening power demand due to the onset of milder-than-normal temperatures coupled with expectations for higher wind output weighed on the prompt, traders said. ›
The British within-day wholesale gas price rose on Tuesday morning as lower imports from Norway led to an undersupplied system. ›
The prospect of a further increase in record U.S. crude stockpiles that have undercut OPEC’s output curbs kept oil investors anxious, with prices stuck near $48 a barrel. ›