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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 ...
Oil resumes fall back to $91 on economy worries, supply glut LONDON: Brent oil fell to $91 a barrel on Thursday, heading back to over two year lows, as a supply glut and concerns about global growth have pushed it 20 percent down from its peak in June.Brent for November delivery was down 34 cents at $91.04 by 1005 GMT, having fallen to $90.98 minutes earlier. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June 2012, before recovering to close at ...
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 ...
Oil edges further above $91, supported by weaker dollar LONDON: Brent oil futures steadied above $91 a barrel on Thursday, supported by a slide in the dollar but a glut in supply and concerns about global growth kept it not far above a 27 month low hit in the previous day. Brent for November delivery was up 26 cents at $91.64 by 0819 GMT. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June 2012, before recovering to close at ...
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 ...

 





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