Continuing supply glut keeps North Sea region’s natural gas prices down

29.06.2020

British wholesale gas prices dropped on Monday morning due to a strongly oversupplied gas system.

The day-ahead contract fell by 0.25 pence to 13.75 pence per therm by 0837 GMT.

The within-day contract was down by 1.10 pence at 13.50 p/therm.

Weak gas demand and an increase in domestic gas production have resulted...