The national system was well supplied Thursday morning with reduced reliance on storage withdrawals but prompt prices on the UK's NBP gas trading hub rose as colder temperatures are expected for Friday and to push into February. At ...
Prompt prices on the UK's NBP gas trading hub rose Wednesday morning as demand exceeded expectations and the market sought to maintain a premium to Continental prices in order to secure supply, a market source said. At 1200 GMT, the ...
Tags: NBP gas, UK, gas market
NYMEX crude futures tread water for most of the session Tuesday, settling nearly unchanged after news of improved investor confidence in Europe failed to spark buying. NYMEX February crude settled 4 cents lower at $93.15/barrel. On ...
Tags: NYMEX, crude futures, crude, finance
Gas for same-day delivery fell Friday on the UK's NBP trading hub due to low demand but is valued considerably higher for Monday, with temperatures expected to fall and demand rise. The within-day contract at 1200 GMT was valued at 62.10 ...
Tags: GAS, Gas storage facilities, Gas storage, oil prices, oil
US crude stocks fell 12.032 million barrels last week, while US distillate stocks jumped 6.71 million barrels, according to American Petroleum Institute data Thursday. The data painted a bullish picture for NYMEX crude futures, and a ...
Tags: US crude stocks, distillate stocks, Gulf Coast Draw, AP
Same and next-day gas prices on the UK's NBP trading hub were valued below 61.00 pence/therm on the last trading day of the year, around 7 pence down on the start of the month. The within-day contract was valued at 60.50 p/th at 1200 ...
Tags: gas prices, gas market, UK, gasd indusrty
Money managers boosted net length in NYMEX crude for the reporting week ending December 18, as front-month crude futures received a slight boost. The increase in net length came as money managers increased longs by 3,457 lots, while ...
Tags: NYMEX, crude futures, net length, economy
NYMEX January crude futures settled 88 cents lower at $85.89/barrel Thursday, while the rest of the complex also declined on a weak equities performance and US dollar strength. January heating oil settled 2.31 cents lower at ...
Tags: NYMEX, crude futures, weak equities performance, heating oil
NYMEX January crude futures settled 98 cents higher at $86.77/barrel Wednesday, as the entire oil complex received a boost from the US Federal Reserve's move to continue its quantitative easing program to stimulate the economy. January ...
Tags: oil, heating oil, refinery, Nymex Oil
OPEC ministers gathering in Vienna have two tasks ahead of them on Wednesday: fix crude output policy for the year ahead and appoint a new secretary general to succeed the outgoing Abdalla el-Badri. While the 12-member group appears ...
NYMEX January crude and ICE Brent futures settled lower Friday as bullish headline numbers on US unemployment were not enough to keep oil futures from weakening on macroeconomic concerns. January crude settled 33 cents lower at ...
Iran's crude exports are set to drop by about a quarter in December from the preceding month to the lowest since tough sanctions were applied this year. Shipping sources said that oil shipments by Iran have more than halved in 2012 due to ...
The UK expects its tax revenues from the oil and gas industry to slip by more than a third in the current tax year as declining North Sea production levels, lower than expected oil prices and upstream tax breaks crimp its receipts, the UK's ...
The differentials spread between Angolan crude grades Cabinda and Dalia has reached its widest point in more than a year, as the market shuns the heavier Dalia in favor of the lighter, more popular Cabinda, market sources said Friday. On ...
BR reported that crude oil and gold prices scored one month highs this week boosted by Middle East tensions the faltering dollar and upbeat economic data but other commodities diverged amid holiday curtailed US trade. Dealers said that ...