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    market news

    Elevated Demand Props up UK Gas Prices

    Investing News Network
    Apr. 04, 2013 09:27AM PST
    Oil and Gas Investing

    Bloomberg reported that UK gas prices are continuing to be elevated , pushed up by short supply and colder weather.

    Bloomberg reported that UK gas prices are continuing to be elevated , pushed up by short supply and colder weather.

    As quoted in the market report:

    At 316.9 million cubic metres (mcm), Thursday’s gas demand was expected to be more than 20 percent above the seasonal norm, according to National Grid, although flows of 327.9 mcm, which include storage withdrawals, were expected to meet demand.

    To view the whole Bloomberg report, click here. 

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