- February 8th, 2019
UK GAS-Prices fall as storm Erik boosts wind power output
British wholesale gas prices fell on Friday morning as high wind speeds from storm Erik increased output from the country’s wind farms, curbing demand for gas. ›
British wholesale gas prices fell on Friday morning as high wind speeds from storm Erik increased output from the country’s wind farms, curbing demand for gas. ›
Oil markets inched down on Friday and were heading for a weekly loss, pulled down by worries about a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Venezuela provided crude with some support. ›
European power prices for day-ahead delivery fell further on Thursday as supply from wind turbines was forecast to rise again, while relatively mild temperatures were expected to add to an end-of-week easing in demand. ›
British wholesale gas prices edged higher on Thursday as colder weather than originally forecast led to a slightly under supplied system. ›
Oil prices fell on Thursday after U.S. crude inventories rose and the country’s production held at record levels, but OPEC-led supply cuts and Washington’s sanctions against Venezuela supported markets. ›
Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains.
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European baseload power prices for next year delivery slipped in the wholesale market on Monday tracking a fall in coal, gas and carbon emission prices, while day-ahead contracts diverged.
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Oil prices edged up on Tuesday, buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC.
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Prompt British wholesale gas prices traded sideways on Tuesday morning as the system was almost balanced and heating demand declined.
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The British wholesale gas price for day-ahead delivery rose on Monday morning due to colder temperatures expected on Tuesday, while other contracts traded below Friday’s close. ›