- September 30th, 2019
UK GAS-Prices mixed as imports from Norway rise but temperatures cool
Prompt British wholesale gas prices were mixed on Monday morning, as gas for immediate delivery was lower on higher imports from Norway.
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Prompt British wholesale gas prices were mixed on Monday morning, as gas for immediate delivery was lower on higher imports from Norway.
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Oil prices slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved as an ongoing trade war with the United States weighs on demand growth at the world’s largest crude importer.
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British wholesale gas prices rose as a fall in imports from Norway left the market undersupplied and as demand climbed due to lower temperatures than previously forecast.
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Oil prices fell on Friday as economic headwinds revived concerns of slowing global demand growth and a faster-than-expected recovery in Saudi crude oil output eased worries over potential major supply disruptions.
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British gas prices were mixed on Thursday, with the day-ahead contract lifted by cooler weather forecasts and the within-day contract down on oversupply.
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Oil prices edged lower on Thursday, extending losses from the previous two sessions, as Saudi Arabia quickly regained production volumes after an attack on its oil facilities and amid increasing signs of slowing demand. ›
European prompt electricity prices for day-ahead delivery slid on Wednesday on the back of forecasts showing a slip in French demand, increased nuclear power availability, and a sharp rise in German wind generation.
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British prompt wholesale gas prices fell on Wednesday with supplies boosted by the distribution of gas from liquefied natural gas (LNG) from terminals in anticipation of the arrival of more cargoes, widening the discount to Dutch gas prices.
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Oil prices fell on Wednesday for a second day on worries that fuel demand could fall after U.S. President Donald Trump doused recent optimism over China-U.S. trade talks and reignited concerns about global economic growth.
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European spot electricity prices for day-ahead delivery rose on Tuesday, supported by steady consumption and a drop in solar power generation in Germany.
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