- November 29th, 2019
UK GAS-Prompt prices rise as temperatures turn cooler
Prompt British wholesale gas prices rose on Friday morning as cooler temperatures led to an increase in gas demand.
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Prompt British wholesale gas prices rose on Friday morning as cooler temperatures led to an increase in gas demand.
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Oil prices were mixed on Friday in quiet trade with the U.S. Thanksgiving holiday limiting activity, while investors awaited a meeting of OPEC and its allies next week that may result in the extension of an output cut agreement to support the market.
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Wholesale electricity contracts for day-ahead delivery rose in European wholesale trading on Thursday, lifted by higher demand and less nuclear availability in France, and with German wind power supply forecast to drop.
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Most British wholesale gas prices edged lower on Thursday morning as a cold spell coming to the country on Friday is expected to be shorter and warmer than predicted earlier.
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Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose against expectations as production hit a record.
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British wholesale gas prices edged higher on Wednesday as supplies dipped slightly, leading to an undersupplied market, while lower temperatures were forecast.
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Oil prices rose on Tuesday after news that U.S. and Chinese officials discussed trade, while predictions for a weekly draw on U.S. crude stockpiles lent some support as well.
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British wholesale gas prices dropped on Tuesday morning due to strong domestic production, a rise in Norwegian flows and a flurry of liquefied natural gas (LNG) cargo arrivals.
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Oil prices slipped on Tuesday on concerns about economic growth and fuel demand as uncertainty remains about the ability of the United States and China, the world’s biggest oil users, to agree a preliminary deal to end their trade war.
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European wholesale power trading markets on Monday saw prices for delivery next week rise sharply on an anticipated decline in temperatures that will boost French demand and draw on imports from elsewhere.
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