- August 10th, 2017
Oil Holds Gains Above $49 as U.S. Crude Stockpiles Extend Drop
Oil held gains above $49 a barrel as U.S. production eased and crude inventories extended declines, trimming a glut. ›
Oil held gains above $49 a barrel as U.S. production eased and crude inventories extended declines, trimming a glut. ›
UK day-ahead baseload prices edged higher Wednesday tracking the NBP gas market, and on an unplanned outage at EDF Energy’s 504-MW Hinkley Point B nuclear power unit-8 on Wednesday. ›
British wholesale gas prices rose on Wednesday as faltering production from the UK Continental Shelf and higher forecast demand led to supply shortfalls. ›
Oil extended declines for a third day amid speculation that a predicted gain in U.S. output will offset OPEC-led efforts to trim a global glut. ›
European day-ahead power prices fell on Tuesday, reflecting higher wind power supply forecasts and falling demand. ›
British wholesale gas prices declined on Tuesday morning as Norwegian were rerouted to Britain from France and on expectations of higher wind power output. ›
Oil prices slipped in Asian trading on Tuesday following a recovery in output at Libya’s largest oil field and as doubts about OPEC-led production cuts continue to drag. ›
British wholesale gas prices rose on Monday as reduced Norwegian flows and expectations of lower temperatures created an undersupplied system, traders said. ›
European day-ahead power prices were weighed down on Monday by projections for higher wind power supply, which countered anticipated demand gains. ›
Oil traded near $49 a barrel before representatives of OPEC nations meet with their allies to discuss why some of them are falling behind in pledges to reduce production. ›