Oil and Gas Sector

13.12.2019

Brent benchmark reverses retreat on pending supply tightening

Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favorable. Prices had fallen on Wednesday after a report showed an unexpected increase in U.S. crude inventories. The market picked...

Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favorable. Prices had fallen on Wednesday after a report showed an unexpected increase in U.S. crude inventories. The market picked...

13.12.2019

North Sea natural gas benchmarks edge down as suppliers overreact to winter weather

Prompt British wholesale gas prices edged lower on Thursday morning on an influx of liquefied natural gas (LNG) cargoes to UK terminals, stronger Norway flows and an expected drop in demand.

The within-day contract fell 0.25 pence to 31.85 pence per therm by 1030 GMT.

Day-ahead gas fell 0.5 pence to 31.50...

Prompt British wholesale gas prices edged lower on Thursday morning on an influx of liquefied natural gas (LNG) cargoes to UK terminals, stronger Norway flows and an expected drop in demand.

The within-day contract fell 0.25 pence to 31.85 pence per therm by 1030 GMT.

Day-ahead gas fell 0.5 pence to 31.50...

12.12.2019

Brent edges down on surprise US storage fill

Oil prices fell on Wednesday after industry data showed an unexpected build in U.S. crude inventories and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday. Brent futures fell 24 cents to $64.10 per barrel by 0943 GMT....

Oil prices fell on Wednesday after industry data showed an unexpected build in U.S. crude inventories and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday. Brent futures fell 24 cents to $64.10 per barrel by 0943 GMT....

12.12.2019

From undersupply to oversupply and back: North Sea natural gas price settings display volatility

Prompt British wholesale gas prices edged higher on Wednesday morning as cooler temperatures increased demand, leaving the system undersupplied.

The within-day contract was up 0.25 pence at 33.00 p/therm by 1004 GMT.

The day-ahead contract was up 0.25 pence at 33.00 p/therm

Traders said cooler-than-expected temperatures sent prices higher.

Average UK temperature is expected...

Prompt British wholesale gas prices edged higher on Wednesday morning as cooler temperatures increased demand, leaving the system undersupplied.

The within-day contract was up 0.25 pence at 33.00 p/therm by 1004 GMT.

The day-ahead contract was up 0.25 pence at 33.00 p/therm

Traders said cooler-than-expected temperatures sent prices higher.

Average UK temperature is expected...

11.12.2019

Brent continues decline on trust in OPEC+ discipline

Oil prices slipped for a second straight day on Tuesday as a slowing global demand outlook outweighed OPEC’s deal with associated producers last week to deepen output cuts in 2020.

Brent crude was down 33 cents, or 0.5%, at $63.92 per barrel by 1134 GMT while West Texas Intermediate oil was...

Oil prices slipped for a second straight day on Tuesday as a slowing global demand outlook outweighed OPEC’s deal with associated producers last week to deepen output cuts in 2020.

Brent crude was down 33 cents, or 0.5%, at $63.92 per barrel by 1134 GMT while West Texas Intermediate oil was...


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