- June 15th, 2018
UK GAS-Prices slip as system oversupplied
British wholesale gas prices for immediate delivery slipped on Friday, following rises earlier in the week on several outages, as the system was oversupplied. ›
British wholesale gas prices for immediate delivery slipped on Friday, following rises earlier in the week on several outages, as the system was oversupplied. ›
Oil prices were little changed in early Asian trade on Friday, as investors eyed a key OPEC meeting in Vienna as Saudi Arabia and Russia, architects of a producer deal to cut output, indicated they want production to rise. ›
British wholesale gas prices rose on Thursday morning as maintenance in Norway’s gas export infrastructure is expected to curb flows from Friday, while power production from wind turbines is also forecast to decline. ›
Oil prices eased on Thursday, dragged down by rising output and a decline in China’s refining activity, although strong fuel consumption in the United States and a drop in its crude inventories provided some support.
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British wholesale prompt gas prices rose on Wednesday as an increase in expected consumption and gas earmarked for storage led to overall undersupply for the day. ›
Oil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer group OPEC could relax voluntary output cuts. ›
Oil prices rose alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North Korea’s Kim Jong Un had made “a lot of progress”, boosting hopes of a deal to end a nuclear standoff on the Korean peninsula. ›
European year-ahead electricity contracts slipped on Monday tracking the fall in oil, gas and carbon emission prices, while day-ahead prompt power was lifted by forecasts for increased consumption. ›
British wholesale gas prices were mixed on Monday morning with within-day falling on increased Norwegian flows and warmer-than-expected temperatures, while forecasts for colder weather from Tuesday and coming storage injections boosted the day-ahead. ›
Oil prices slipped on Monday, pulled down by rising Russian production and as U.S. drilling activity rose to its highest in more than three years. ›