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Market Update

  • Friday 15 March 2019:Slowdown in rate of decline in OPEC production off-sets impact of surprise drawdown in U.S. crude oil stocks on Thursday, providing for a marginal decline in prices

  • Friday 15 March 2019:U.S. West Texas Intermediate or Nymex benchmark closes the day at $58.61, up 35 cents while Brent sees marginal 32 cent loss

  • Friday 15 March 2019:Further decline in gas prices brings Q2 2019 contract to just over 38.00 pence per therm by close of trade on Thursday

  • Friday 15 March 2019:Combination of factors continue to exert downward pressure on gas prices, including weak Asian demand and prices, weak European demand and strong growth in exports of U.S. and Australian LNG

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