- February 21st, 2019
UK GAS-Prices fall on mild temperatures, oversupply
British wholesale gas prices fell on Thursday morning as mild temperatures and strong imports from Norway led to an oversupplied system. ›
British wholesale gas prices fell on Thursday morning as mild temperatures and strong imports from Norway led to an oversupplied system. ›
Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy. ›
British wholesale gas prices rose on Wednesday morning as gas flows from Norway dropped due to an outage and send-out of liquefied natural gas (LNG) is expected to edge down. ›
Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela. ›
British wholesale gas prices fell on Tuesday with higher than average temperatures forecast and strong wind expected to boost power production from turbines, creating an oversupplied system. ›
Oil prices hovered just below 2019 highs on Tuesday as traders waited for the outcome of U.S.-China trade talks this week, while supply cuts led by producer group OPEC meant markets were relatively tight. ›
British wholesale gas prices rose on Monday after an unplanned outage reduced supplies from the North Sea in an otherwise stable market. ›
Oil prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, U.S. sanctions on Iran and Venezuela, and hopes that the Sino-U.S. trade dispute may soon end. ›
British wholesale gas prices fell on Friday morning as expectations of milder weather for the rest of February curbed demand. ›
Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged investors. ›