- May 4th, 2020
UK GAS-Prices rise on high exports and low LNG supply
British wholesale gas prices rose on Monday morning amid an undersupplied gas system caused by lower liquefied natural gas (LNG) send-out and higher UK exports to the continent.
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British wholesale gas prices rose on Monday morning amid an undersupplied gas system caused by lower liquefied natural gas (LNG) send-out and higher UK exports to the continent.
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Oil prices fell on Monday, paring last week’s gains, on worries a global oil glut may persist amid slumping demand and U.S.-China trade tensions that could restrict an economic recovery even as coronavirus pandemic lockdowns start to ease.
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British wholesale gas prices rose on Friday morning as a rise in UK gas exports to continental Europe and a drop in liquefied natural gas (LNG) send-out left the gas system undersupplied.
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Oil prices rose on Friday, extending the previous session’s gains, as major producers began output cuts to offset a slump in fuel demand triggered by the coronavirus pandemic while data showed U.S. crude inventories grew less than expected.
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