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UK GAS: Prices rise on lower flows, under supplied system LONDON: Wholesale natural gas prices in Britain firmed on Thursday amid lower flows from Norway and an under supplied system.Day-ahead prices opened higher and hit a four-day peak of 51.0 pence/therm before falling back to 49.95 pence by 0852 GMT, a daily gain of 0.9 percent."A heavy drop in Langeled flows is the main bullish driver for the day-ahead contract, and oil is traded slightly up, offering some additional support," analysts at Thomson Reuters Point Carbon wrote.Front-year Brent crude oil was up 31 cents at $91.69/barrel.Gas imports via the Langeled pipeline, which connects Norway with Britain, were nominated at 33 million cubic metres (mcm) per day, about half of Wednesday's level of 65 mcm/day, the analysts said."However, the bullish side is mitigated by lower LDZ consumption ..In addition, BBL flows are up from yesterday and Dragon started to send out, contributing to higher liquefied natural gas sendouts," the analysts added.Britain's ...
Oil hits new low below $91 on weak demand forecasts LONDON: Brent crude oil dipped below $91 a barrel on Wednesday to its lowest since June 2012 as lower economic growth forecasts raised new concerns about global oil demand at a time of abundant supply. The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone countries, Japan and major emerging markets, such as Brazil. Global stock markets fell heavily ...
Brent slips towards $93 as oversupply, dollar weigh LONDON: Brent crude oil futures slipped on Friday towards $93 a barrel, extending a three-day slide that has pushed prices to their lowest since 2012, as abundant supplies and a strong dollar continued to weigh on the market. Brent for November delivery was down 35 cents at $93.07 a barrel by 1033 GMT. On Thursday Brent touched $91.55 a barrel, its lowest since June 2012. US November crude slipped 8 cents to $90.93 a barrel. ...
Prices dip on balanced system and rising temperatures LONDON: Wholesale natural gas prices in Britain dipped slightly on Wednesday morning in a balanced system with rising temperatures expected to reduce demand. Gas prices for delivery on Thursday were trading at 47.7 pence per therm at 0705 GMT, down 0.1 pence since the previous close. The slight fall was a result of a balanced system and full storage sites as well as forecasts for warmer weather on Thursday. National Grid data show that Britain's ...
Oil prices slide to new lows LONDON: Oil prices slumped to fresh lows on Thursday, pressured by a global supply glut and the strengthening dollar, analysts said. Brent crude dropped to $91.55 a barrel -- the lowest point since June 28, 2012.New York prices retreated to $88.18 -- touching a level last seen on April 23, 2013.Brent crude for delivery in November later recovered to $92.17, which was however still down 2.0 percent, or by $1.99, compared with Wednesday's close.US benchmark ...

 





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