- July 31st, 2018
UK GAS-Prices slip as lower exports lead to oversupply
Prompt British wholesale gas prices fell on Tuesday morning as lower exports and strong output from the country’s wind farms contributed to an oversupplied market.
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Prompt British wholesale gas prices fell on Tuesday morning as lower exports and strong output from the country’s wind farms contributed to an oversupplied market.
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Oil was steady near $70 a barrel as supply risks from Saudi Arabia to the U.K. threaten to strain global markets. ›
British wholesale gas prices fell slightly on Friday on expectations for stronger wind power output in coming days and as robust flows from Norway created an oversupplied system.
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Oil is poised for a fourth weekly decline as the unexpected halt in Saudi shipments via a Red Sea waterway was seen as short-lived, while concerns lingered over how the U.S.-China trade spat will affect demand.
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British wholesale gas prices fell on Thursday morning amid high temperatures and oversupply. ›
Brent crude led oil prices higher on Thursday, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low. ›
British wholesale gas prices edged higher on Wednesday as a disruption following industrial action this week was still being smoothed over. ›
Oil prices edged higher for a second day on Wednesday after data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that have dragged on markets in recent sessions. ›
European spot electricity contracts for day-ahead delivery rose on Tuesday, supporting forecasts for increased power demand for air conditioning due to scorching temperatures. ›
British wholesale gas prices were mixed on Tuesday, with the within-day price buoyed by industrial action and outages that curbed supply. ›