- April 28th, 2017
UK GAS-Prompt prices decline on lower demand, higher Norwegian supply
British prompt gas prices fell on Friday morning on lower demand and as flows from Norway increased after maintenance at the Kaarstoe processing plant ended. ›
British prompt gas prices fell on Friday morning on lower demand and as flows from Norway increased after maintenance at the Kaarstoe processing plant ended. ›
Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. ›
British prompt gas prices fell on Thursday morning on continued strong withdrawals from Rough storage and predictions of falling demand as temperatures rise next week. ›
Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. ›
British wholesale gas prices edged up on Wednesday morning as a cold snap continued, driving up demand for heating. ›
Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC’s ability to cut supplies and tighten the market. ›
Near-term UK wholesale natural gas prices crept lower early Tuesday with an increased reliance on storage withdrawals compensating for high demand, with the NBP curve tracking higher after having fallen lower on the open. ›
The British gas price for immediate delivery edged higher on Tuesday morning, as colder weather led to strong demand and a slightly undersupplied gas system. ›
Oil prices recovered some ground on Tuesday, halting six consecutive sessions of slide, but markets remain under pressure as traders lose confidence that pledged output cuts by major producers will rein in oversupply in a world awash with fuel. ›
Day-ahead power prices in the UK market declined on Monday as expectations for strong electricity generation from wind and solar farms offset the bullish influence of rising gas prices and colder-than-normal temperatures, traders said. ›