- July 27th, 2017
Oil Holds Advance Above $48 as Stockpiles Drop to Six-Month Low
Oil held gains above $48 a barrel as government data showed U.S. crude stockpiles shrank to the lowest level since the start of the year, easing a global glut. ›
Oil held gains above $48 a barrel as government data showed U.S. crude stockpiles shrank to the lowest level since the start of the year, easing a global glut. ›
British wholesale gas prices rose on Wednesday morning as maintenance curbed imports from Norway and domestic supplies of gas, leaving the British gas system undersupplied. ›
European spot electricity prices were narrowly mixed on Wednesday with Germany’s flat and France’s down amid signs that thermal supply will more than cancel out lower wind power. ›
Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. ›
The French and German contract for day-ahead delivery fell on higher solar, firmer wind output and rising nuclear availability in Germany. ›
British gas prices fell on Tuesday as traders expected deliveries from main supplier Norway to rebound as maintenance work at the Kollsnes gas processing facility wraps up. ›
Oil extended gains toward $47 a barrel as Saudi Arabia promised deep cuts to crude exports next month to help ease a global glut. ›
British wholesale gas prices declined on Monday morning as Norwegian flows increased. ›
Oil traded near $46 a barrel before an OPEC committee meets to discuss the progress of supply cuts enacted to drain a global glut. ›
British wholesale gas prices were mostly higher on Friday thanks to supply shortfalls as power plants burned more gas and as the onset of field maintenance kept a lid on output. ›