Posts Categorized: Gas News

Wholesale gas prices slips in October

Wholesale gas prices fell in the UK on Wednesday as reduced demand from gas plants boosted oversupply. In the morning, Reuters reported that the price for next day delivery slipped by 0.30 pence to 39.80 p/therm. Meanwhile gas for immediate delivery dropped 0.50 pence to 39.90 p/therm. The price drop came after National Grid data… Read more »

Cold start to September leads to wholesale price increase

Day-ahead, week-ahead and month-ahead gas prices have all increased, and the threat of more hard weather looms for UK  businesses. Wholesale natural gas prices increased yesterday as a frosty start to September boosted demand. Meanwhile supplies of liquefied natural gas (LNG) fell and anticipated Norwegian flows dropped for the coming week. After a record breaking… Read more »

OPEC nations’ revenue slumps to five-year low after crude oil price crash

The Organisation of Petroleum Exporting Countries (OPEC) has reported a five-year low in terms of annual revenue. The 12 member countries slipped below $1 trillion last year for the first time since 2010, showing the impact that the crude oil price slump has had on these wealthy economies. The countries, which include the likes of Saudi… Read more »

North Sea oil and gas industry in confidence crisis

Contractor’s confidence in the North Sea oil and gas industry is at a ‘record low’, according to a new survey. The survey, conducted by Aberdeen & Grampian Chamber of Commerce and Bond Dickinson, reveals that two-thirds (67%) of industry operators have been forced to cancel scheduled projects because of the dip in oil prices. While… Read more »

European gas giants call for carbon pricing and more natural gas generation 

In a letter sent to the Financial Times, the heads of six large European gas suppliers have called for action on climate change – highlighting the role that gas can play in addressing environmental issues. Ahead of an upcoming climate change summit in Paris this December, industry giants including the heads of BP and Shell… Read more »