- December 10th, 2018
Brent oil rises after deal to cut supply, but 2019 outlook weakens
Brent crude oil futures rose on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. ›
Brent crude oil futures rose on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. ›
British gas for next-day delivery edged up on Friday morning due to expectations of colder weather over the weekend and next week.
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Oil extended losses near $51 a barrel after OPEC ended talks without a deal on production curbs as its ally Russia refused to commit to the big output cut that Saudi Arabia demanded.
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British wholesale gas prices fell on Thursday, despite an undersupplied market, following a drop in European benchmark carbon prices and still high storage inventories. ›
U.S. stock investors are wary that a 30 percent slump in oil prices will pressure corporate profits while also presenting a sign of weakness in global growth at a time they are already weighing when the long economic expansion will end. ›
British wholesale gas prices mostly fell on Wednesday morning as forecasts for higher output from the country’s wind farms and higher temperatures curbed demand. ›
European spot electricity prices for day-ahead delivery and week-ahead contracts tumbled on Wednesday as forecasts showed increased wind power generation and reduced power consumption due to mild weather. ›
Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts. ›
British wholesale gas prices fell on Tuesday as a sharp increase in flows from Norway created a supply surplus, and as forecasts pointed to a slight increase in temperatures in coming days. ›
Oil prices rose by more than 1 percent on Tuesday, extending bigger gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. ›