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UK gas prompt prices rise as outage tightens nearby supply LONDON: Prompt natural gas prices in Britain were higher on Tuesday, as an outage at Centrica's North Morecambe Barrow terminal cut Continental Shelf gas flows, tightening an undersupplied system.Gas prices for within-day delivery were up 1.8 percent at 48.20 pence per therm at 0955 GMT.Gas flows at Britain's North Morecambe gas terminal were cut to zero in an unplanned outage on Monday, operator Centrica said.National Grid data showed the system was expected to be around 18 million cubic metres (mcm) short, with supply flows at around 241 mcm and demand forecast at around 259 mcm."For the UK, temperatures are likely to remain above normal until 3 April and then drop to just below normal for the following week," consultancy Energy Aspects said in a note."Our short-term residential and commercial demand forecast model indicates gas demand in the UK, France, Italy, the Netherlands and Belgium will continue to be higher than ...
Oil drops to $55 as Iran nuclear talks intensify LONDON: Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets.With a self-imposed deadline set for the end of the day, the United States, Britain, France, Germany, Russia and China ramped up the pace of negotiations with Iran in Switzerland over an outline deal on Tehran's nuclear ...
Oil prices drop on prospect of Iran nuclear deal LONDON: Global oil prices sank Monday as traders mulled a potential deal over key oil producer Iran's controversial nuclear energy programme that could worsen the global supply glut, analysts said.Foreign ministers of Iran and major world powers meeting in the Swiss city of Lausanne raced to beat a midnight Tuesday deadline to nail down a framework deal they hope will put an atomic bomb out of Tehran's reach.In late afternoon London deals on Monday, Brent ...
Gazprom proposes extending Ukraine gas deal for three months MOSCOW: Russian gas giant Gazprom on Monday offered to extend a supply deal with Ukraine for another three months ahead of a looming deadline that had raised fears for deliveries to Europe. Ukraine's gas operator Naftogaz said earlier that it had asked Gazprom to prolong an agreement -- inked after a cut-off last year that followed a collapse in relations between the ex-Soviet neighbours -- to spring 2016. A pact covering the crucial winter months ...
Oil eases as big powers negotiate with Iran LONDON: Oil prices slipped on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear programme that could bring an end to sanctions and allow an increase in Iranian oil exports.The two sides have until the end of Tuesday to come up with an agreement at talks in Lausanne, Switzerland.Officials close to the talks have said progress has been made and many investors believe a deal is in the ...

 





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