- November 20th, 2017
UK GAS-Norwegian supply dip and domestic outages lift prices
British spot gas prices rose on Monday as lower imports from Norway and multiple potential unplanned outages affecting domestic output looked set to tighten supply. ›
British spot gas prices rose on Monday as lower imports from Norway and multiple potential unplanned outages affecting domestic output looked set to tighten supply. ›
Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices. ›
European day-ahead power prices were mixed on Monday, with Germany’s gaining on a drop in wind power and those in France being weighed down by a brief rise in temperatures. ›
British wholesale gas prices fell on Friday, driven by forecasts for warmer weather and strong wind, as below seasonal-average demand and high Norwegian flows created an oversupplied system, said traders. ›
Oil prices were mixed on Friday after recent declines, but were were on track for the first weekly fall in six weeks, under pressure from surging U.S. supplies and doubts over Russian support for continuing a cut in crude output. ›
British wholesale gas prices rose on Thursday despite an oversupplied system, driven by reduced gas flows from Norway and forecasts for colder weather, said traders. ›
Oil markets stabilized on Thursday as expectations that OPEC would extend production limits balanced rising U.S. crude production and inventories. ›
UK day-ahead power prices fell Wednesday on higher wind output and mirroring bearish sentiment in neighboring European markets. ›
European spot electricity prices for day-ahead delivery slumped on Wednesday on forecasts showing increased wind power generation in Germany and additional nuclear capacity in France with the scheduled restart of EDF’s Penly 1 reactor. ›
British wholesale gas prices fell on Wednesday morning as healthy supplies and weaker demand led to an oversupplied market. ›