Oil and Gas Sector

15.10.2019

China yes, China no, China maybe blamed for drop in oil prices

Oil prices fell more than 2% on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week.

Brent crude dropped $1.52 to $58.99...

Oil prices fell more than 2% on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week.

Brent crude dropped $1.52 to $58.99...

15.10.2019

North Sea region’s natural gas prices up on the whims of wind

British prompt wholesale gas prices jumped on Monday as demand for gas used in power generation rose due to low winds while the overall system was undersupplied partly due to lower contributions from LNG terminals.

Day-ahead gas rose 1.75 pence to 26.00 pence per therm by 0800 GMT.

Gas for within-day delivery...

British prompt wholesale gas prices jumped on Monday as demand for gas used in power generation rose due to low winds while the overall system was undersupplied partly due to lower contributions from LNG terminals.

Day-ahead gas rose 1.75 pence to 26.00 pence per therm by 0800 GMT.

Gas for within-day delivery...

14.10.2019

Bang goes tanker, boom goes Brent

Oil prices rose more than 2% on Friday after Iranian media said a state-owned oil tanker was attacked in the Red Sea near Saudi Arabia, while optimism surrounding the U.S.-China trade war lifted sentiment.

Brent crude futures gained $1.41, or 2.4%, to settle at $60.51 a barrel.

West Texas Intermediate (WTI) crude...

Oil prices rose more than 2% on Friday after Iranian media said a state-owned oil tanker was attacked in the Red Sea near Saudi Arabia, while optimism surrounding the U.S.-China trade war lifted sentiment.

Brent crude futures gained $1.41, or 2.4%, to settle at $60.51 a barrel.

West Texas Intermediate (WTI) crude...

14.10.2019

North Sea region’s natural gas prices veer up as Norway keeps failing to tune in supplies to demand

British prompt wholesale gas prices rose on Friday morning, supported by expectations of a rise in gas demand on Monday and continued reduced gas flows from Norway.

Day-ahead gas rose 1.25 pence to 23.50 pence per therm by 0850 GMT.

Gas for within-day delivery rose 0.25 p to 23.00 p/therm.

UK gas system...

British prompt wholesale gas prices rose on Friday morning, supported by expectations of a rise in gas demand on Monday and continued reduced gas flows from Norway.

Day-ahead gas rose 1.25 pence to 23.50 pence per therm by 0850 GMT.

Gas for within-day delivery rose 0.25 p to 23.00 p/therm.

UK gas system...

11.10.2019

Brent stuck in politics as economics in price settings ignored

Oil prices rose on Thursday as OPEC indicated that all options were on the table to balance oil markets and that it would take a decision in December on supply for next year.

Mohammad Barkindo, leader of the exporter group, did not specify if the move would mean extending a pact...

Oil prices rose on Thursday as OPEC indicated that all options were on the table to balance oil markets and that it would take a decision in December on supply for next year.

Mohammad Barkindo, leader of the exporter group, did not specify if the move would mean extending a pact...


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