UK natural gas price hovers near 4-year peak
UK natural gas prices stayed near their highest level in four years on Wednesday, reflecting supply disruptions in the North Sea, but the reopening of a key European hub for Continue Reading
Oil prices recover on big U.S. crude stock drawdown, pipeline shutdown supports
Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also Continue Reading
Oil prices settle down, but still higher on North Sea outage
The perfect storm of a healthy appetite from China, a decline in global inventories and a major North Sea pipeline outage sent oil prices higher on Tuesday. After a relatively Continue Reading
Oil Prices Hit High, Before Sliding, Amid Disrupted Supply
The beleaguered global oil industry is seeing the beginning of the end of the crude glut. A wave of oil-supply disruptions, rising demand and OPEC’s production cuts has raised hopes Continue Reading
Five main drivers of oil prices in the coming year Opec and Russia’s production deal matters as Brent hits $65 on pipeline closure
The oil market has climbed above $65 a barrel for the first time since 2015, boosted by the closure of the UK’s biggest oil pipeline that has cut North Sea Continue Reading
Gas prices even for now, but British pipeline problem could change that
Retail U.S. gasoline prices are holding steady, but it remains to be seen how much of a spike to expect from a British pipeline outage, an analyst said. Motor club Continue Reading
UK Gas Prices Rise Most In 8 Years On Explosion, Outages
It has been a tough week already for those that heat their homes in Britain (and those that trade Natural Gas). Following extreme weather warnings and the forties pipeline crack Continue Reading
Oil Prices Climb as Key Pipeline Shuts Down for Repair
Global oil prices jumped to their highest level since 2015 as the shutdown of a key European pipeline sapped more crude from a market where supply has already tightened due Continue Reading
Brent crude oil jumps to mid-2015 high after North Sea pipeline outage
Brent oil prices jumped by 1 percent on Tuesday to their highest since mid-2015, after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market Continue Reading
Oil prices jump on pipeline outage, stocks take breather
Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a Continue Reading