Oil prices inched higher on Friday, clawing back narrow losses earlier in the session as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.
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British wholesale gas prices dipped on Thursday morning as Norwegian supply was strong and demand expected to fall as stronger wind is forecast, even though upcoming outages will reduce flows. ›
Oil prices held steady on Thursday as a massive hurricane in the Gulf of Mexico raced towards the heart of the U.S. oil industry, which has forced oil rigs and refineries to shut down production. ›
Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-U.S. trade talks.
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British wholesale gas prices rose sharply on Monday morning as low wind power generation and a drop in UK gas supply led to an undersupplied system.
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Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after U.S. regulators approved the use of blood plasma from recovered patients as a treatment option.
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British wholesale gas prices were mostly down on Friday morning due to high wind output denting demand and a long system.
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Oil prices held steady on Friday and were on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about the pace of economic recovery from the coronavirus pandemic.Oil prices held steady on Friday and were on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about the pace of economic recovery from the coronavirus pandemic.
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Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged, while U.S. crude inventories dropped less than expected.
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Prompt power prices rose in the European wholesale market on Monday as German wind power supply was forecast to dip and French nuclear availability fell as several reactors went offline for maintenance.
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