LONDON: British wholesale gas prices were mixed on Friday morning in slow trade, with the day-ahead up on increased consumption and the weekend and month-ahead contracts down on oversupply.
* The day-ahead gas price was 0.95 pence higher at 62.10 pence per therm at 0913 GMT
* "Cold weather with temperatures below seasonal normal came to the UK yesterday," said Refinitiv gas analyst Marina Tsygankova
* "The latest (forecast) confirms an extended cold spell lasting through February with temperatures at the end of month colder than previously assumed," she said
* Other contracts dipped due to oversupply
* Gas for weekend delivery is down 0.50 pence at 61.50 p/therm and the February contract is down 0.50 pence at 61.50 p/therm
* Flows are forecast at around 361 million cubic metres (mcm) per day and demand at 350 mcm, National Grid data shows
* Withdrawals from UK storage sites have risen to 11 mcm, from 4 mcm yesterday
* UK Continental Shelf production, Norwegian flows and supply through the BBL pipeline are all strong
* In the Dutch gas market, the day-ahead price dipped by 0.03 euro to 22.65 euros per megawatt hour
* The benchmark Dec-19 EU carbon contract inched up by 0.04 euro to 23.68 euros a tonne
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