Louisiana Light • 1 day | 91.16 | -0.74 | -0.81% | |||
Bonny Light • 1 day | 96.00 | -0.05 | -0.05% | |||
Opec Basket • 1 day | 95.01 | -0.81 | -0.85% | |||
Mars US • 19 hours | 88.83 | -0.23 | -0.26% | |||
Gasoline • 10 mins | 2.584 | -0.036 | -1.36% |
Bonny Light • 1 day | 96.00 | -0.05 | -0.05% | |||
Girassol • 1 day | 97.04 | -0.34 | -0.35% | |||
Opec Basket • 1 day | 95.01 | -0.81 | -0.85% |
Peace Sour • 10 hours | 84.13 | -0.03 | -0.04% | |||
Light Sour Blend • 10 hours | 84.63 | -0.03 | -0.04% | |||
Syncrude Sweet Premium • 10 hours | 93.23 | -0.03 | -0.03% | |||
Central Alberta • 10 hours | 84.13 | -0.03 | -0.04% |
Eagle Ford • 1 day | 86.11 | -0.65 | -0.75% | |||
Oklahoma Sweet • 1 day | 86.00 | -0.75 | -0.86% | |||
Kansas Common • 1 day | 80.00 | -0.50 | -0.62% | |||
Buena Vista • 2 days | 95.23 | -0.92 | -0.96% |
Facing a massive Azerbaijani offensive,…
Saudi Arabia extended its oil…
City A.M
CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…
Two industrial sites that produce a combined 40 percent of the UK’s fertiliser have been forced to halt operations due to recent record gas prices.
The Times reported that CF Industries had shuttered its plants at Billingham in Teesside and Ince in Cheshire as a direct result of the price spikes.
The closures came as gas prices hit record levels yesterday after a fire at a National Grid facility in Kent forced one of the UK’s crucial power interconnectors to close.
Prices closed in on £2 a therm yesterday, six times higher than a year ago.
As a result of the blaze, the 2 gigawatt cable, which connects the UK’s energy grid to France, will be offline for six months.
This further raises the prospect of an expensive winter for consumers in a market already tight due to a shortage of global gas supply.
In addition, a period of low wind speeds has seen the amount of wind power capacity produced by the UK drop off, leading the country to fire up some of its old coal generators.
As a result of rising prices, Ofgem has already been forced to hike bills for some 15m households by around 12 percent from next month.
ADVERTISEMENT
Two more energy suppliers were also forced out of the market this week as a result of the price surge, leaving 500,000 customers needing a new supplier.
By City AM
More Top Reads From Oilprice.com:
CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com
That's what Seeking Alpha is always saying since Day One.
Meanwhile physical gold and silver prices are doing what in US Dollars again?