Gas prices dip after Russia-Ukraine deal

Gas prices dipped today after a gas deal was signed overnight between Ukraine and Russia. The agreement brings a moment of relief after fears of a European gas supply crunch. This morning contracts for November were trading at nearly 2 pence less per therm (the standard measure for gas) versus yesterday’s opening price of 52.15p. The […]

Gas demand drops with warm weather

Gas demand in the UK fell “sharply” this morning on the back of warmer temperatures. There’s been a 15% fall since yesterday which is “quite a big drop” according to Gary Hornby, Energy Market Analyst at Inenco. He told ELN: “The LDZ – which is residential demand – dropped, that’s probably people and small businesses […]