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Energy Market Overview, Friday, December 17, 2010

British gas spot prices increased on Friday on freezing weather boosting heating demand. By 10:35 GMT, the day-ahead gas price was traded at 65,25 pence per therm exceeding more than one penny compared to the previous session and reaching the highest level since early February 2009. According to the National Grid data, Britain will continue to import gas from Norway, the Netherlands and Belgium to cover about 30 percents of its gas demand.

read more... 17/12/2010


Energy Market Overview, Wednesday, December 15, 2010

Oil prices fell below $88 a barrel on Wednesday on fears over the health of the global economy and following U.S. inventory data suggesting weak demand by the world's largest oil consumer.

read more... 15/12/2010


Energy Market Overview, Tuesday, December 14, 2010

Oil prices fell on Tuesday, with U.S. crude for January dropping 69 cents to $87.92 a barrel by 1445 GMT and ICE Brent down 31 cents to $90.88 a barrel as the dollar increased on stronger-than-expected U.S. economic data and investors’ concerns regarding the prospect of an interest rate increase in China.

read more... 14/12/2010


Energy Market Overview, Monday, December 13, 2010

British gas prices fell early on Monday as above-average demand levels were met comfortably by strong supply from neighboring markets and storage sites, while forecast for cold weather was already factored in.

read more... 13/12/2010


Energy Market Overview, Thursday, December 09, 2010

Oil prices increased on Thursday on lasting cold weather in Europe and renewed optimism about global economic growth, but later lost some of its gains as the dollar recovered from an earlier weakness.

read more... 09/12/2010