- March 19th, 2021
UK GAS-Prices fall on more supply, milder weather
British wholesale gas prices fell on Friday morning amid rising supply, milder weather and weaker emissions prices.
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British wholesale gas prices fell on Friday morning amid rising supply, milder weather and weaker emissions prices.
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Oil prices steadied on Friday, but were down 8% for the week, after an overnight sell-off as a new wave of coronavirus infections across Europe triggered fresh lockdowns and dampened expectations of any imminent recovery in fuel demand.
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Oil prices declined for a fifth consecutive session on Thursday falling around 1% after official data showed a further increase in U.S. crude and fuel inventories, while the ever-present pandemic clouded the prospects for a demand recovery.
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Oil prices climbed on Wednesday as investors weighed a recovery in U.S. refinery activity as industry data showed U.S. crude stockpiles unexpectedly fell last week against concerns of rocky demand in Europe.
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British wholesale gas prices fell on Tuesday morning as strong liquefied natural gas (LNG) send-out from terminals buoyed supply.
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Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID-19 vaccinations.
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British wholesale gas prices fell on Monday morning as strong supply, and expectations of lower demand from the country’s power stations, dented prices.
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Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China’s economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world’s largest oil importer.
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British wholesale gas prices fell on Friday morning as Norwegian and liquefied natural gas supply increased and wind power output remained strong.
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Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.
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