British and Dutch gas prices were mostly higher on Thursday morning ahead of an expected announcement from Russia unveiling its proposed mechanism for gas payments in roubles. ›
Oil prices plunged on Thursday on news that the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, the largest in the near 50-year history of the SPR. ›
Oil prices clawed back heavy losses to rise more than 2% on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv. ›
British and Dutch gas prices continued their bull run on Tuesday morning amid concerns about supply as Russia and the West continue to be at odds over gas payments in roubles. ›
Oil prices on Tuesday extended losses from the previous day as Ukraine and Russia headed for peace talks and on concerns about demand as China’s financial hub of Shanghai shut down to curb a surge in COVID-19 cases. ›
British and Dutch gas prices were mostly higher Monday morning on expected colder weather, with market participants eyeing the results of peace talks between Moscow and Kyiv. ›
Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai launched a two-stage lockdown to contain a surge in COVID-19 infections. ›
British and Dutch gas prices were mixed on Friday morning as flows from Russia remained steady, but fears remain over possible disruption following Putin’s demand EU nations must begin paying for gas in roubles. ›
Oil prices slipped on Friday, with some supply concerns easing on expectations that crude exports would resume from Kazakhstan’s CPC terminal, while the European Union remained split on whether to impose an oil embargo on Russia. ›
British and Dutch wholesale gas prices extended gains on Thursday morning on concerns that Russia’s President Putin’s move to seek payment in roubles for gas sold to “unfriendly” countries would exacerbate the region’s energy crunch. ›
