- December 21st, 2018
UK GAS-Prices mixed on oversupply, weather forecasts
British wholesale gas prices were mixed on Friday, as oversupply dented prompt values, while those for January were lifted by forecasts for cooler weather.
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British wholesale gas prices were mixed on Friday, as oversupply dented prompt values, while those for January were lifted by forecasts for cooler weather.
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Oil prices climbed on Friday, claiming back ground from a tumble of 5 percent in the previous session, on signs that OPEC’s output cuts that start next month will be deeper than expected. ›
Oil prices fell about 3 percent on Thursday, heading back towards their lowest levels for more than a year on worries about oversupply and the outlook for energy demand as stock markets tumbled following a U.S. interest rate rise. ›
Prompt British wholesale gas prices rose on Thursday as outages in Norway reduced pipeline flows and liquefied natural gas supply is low. ›
European power contracts for year-ahead and next-week deliveries rose on Wednesday, buoyed by the rise in related fuels and carbon prices, and a forecast fall in wind output next week, while day-ahead contracts dipped on low demand. ›
Prompt British wholesale gas prices rose on Wednesday morning on lower forecasts for wind power production and cooler temperatures.
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Oil prices fell 4 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets.
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British wholesale gas prices fell on Tuesday as above-normal temperatures and strong power output from wind turbines curbed demand.
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British prompt gas prices fell on Monday as an increase in flows from Norway created a supply surplus, and as temperatures were forecast to be higher than previously expected. ›
Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand. ›