Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS:UK gas prices leap on weather, Greek reversal
 
* Spot prices rise despite weak demand, ample supply

* Prompt tracks rally on carbon, crude oil on Greek reversal

* Demand pegged 19 pct below seasonal norms

LONDON, Nov 4 (Reuters) - British gas prices rose on Friday morning, buoyed by a steady decline in temperatures and a brighter economic outlook after Greece scrapped plans to put its EU-IMF bailout package to a public vote.

Monday gas gained 2 pence at 58.60 pence-per-therm despite a day-on-day drop in demand and ample supplies Norway and the Netherlands, flow data from National Grid showed.

Gas for immediate delivery echoed gains in carbon and crude oil markets, adding more than a penny to 57.60 pence after the Greek decision to press ahead with controversial austerity measures without a public vote.

"Things are getting a bit more bullish as crude oil has leapt back above $112 per barrel," a trader with a UK utility said.

Technical factors and thin liquidity may also be behind the unexpected rally in spot prices, another trader said.

"This could be a short-covering rally ahead of the weekend," he said.

Benchmark summer 2012 gas prices edged about 0.30 pence higher at 62 pence in line with bullish crude oil prices.

WEATHER

Britain's Met Office said temperatures are forecast to start cooling from the weekend.

DEMAND AND SUPPLY

Gas demand was pegged 19 percent below seasonal norms, compared with 10 percent below on Thursday, at 234 million cubic meters/day (mcm/day), National Grid data showed.

Imports from Norway via Langeled steadied at around 60 mcm/day, although flows from liquefied natural gas (LNG) terminals fell, with the UK's Isle of Grain terminal halting deliveries altogether.

POWER

Day-ahead baseload traded at 44.9 pounds per Megawatt/hour, tracking gas market sentiment.

GAS-Please click on the following for information about UK and Belgian prices, field maintenance and field start-ups.

UK natural gas prices <0#NBPGAS-RTR>

Belgian natural gas prices <0#ZEEGAS-RTR>

North Sea field start-ups

North Sea field maintenance

POWER

UK: baseload prices <0#ELBUK-RTR>, outages

report

FRANCE: baseload prices <0#ELBFR-RTR>, peak <0#ELPFR-RTR>

market report , Powernext <0#POWERNEXT>,

Spectron baseload <0#FRBSLD-SPC>, off peak

<0#FROFPK-SPC>, peak <0#FRPEAK-SPC>

nuclear outages: report , offline

percentage EL-FROUTAGE-PC, offline capacity (MW)

EL-FROUTAGE-MW

GERMANY: baseload prices <0#ELBDE-RTR>, peak <0#ELPDE-RTR>

outages , report

SWITZERLAND: outages , reservoir levels

NORDIC: report

EU CARBON PRICES SPEEDGUIDE:

(Reporting by Oleg Vukmanovic; Editing by Alison Birrane)
Source