- January 20th, 2023
Europe Gas Set for Longest Run of Weekly Losses Since Early 2020
European natural gas is set for its longest run of weekly losses in almost three years, as a forecast for more mild weather offsets supply concerns. ›
European natural gas is set for its longest run of weekly losses in almost three years, as a forecast for more mild weather offsets supply concerns. ›
Oil prices were set to post a second straight weekly gain on Friday, spurred largely by brightening economic prospects for China which should boost fuel demand in the world’s second-biggest economy. ›
European natural gas prices gained as Russian supplies via Ukraine slumped further while cold weather swept across the continent, boosting demand for the fuel used in heating. ›
Oil futures fell by nearly $1 on Thursday, extending losses from the previous day, as a surprise jump in U.S. crude stocks weighed on the market along with fears of a recession that were heightened by disappointing U.S. retail sales and output data. ›
European natural gas rose amid signs China’s economy may have have bottomed and a recovery could pull supply away from the West. ›
Oil prices were mixed on Tuesday after China posted its weakest annual economic growth in nearly half a century, with its late-2022 U-turn in COVID-19 policy underpinning hopes of a recovery in the country’s fuel demand this year. ›
European natural gas declined as ample supplies are likely to help avoid any disruptions during a period of below-normal temperatures this week. ›
Oil prices eased on Monday, though held near 2023 highs, as rising numbers of COVID-19 cases in China clouded prospects for higher demand in at the world’s top crude importer as it reopens after ending strict anti-virus curbs. ›
European benchmark wholesale gas prices were mixed on Friday morning with UK prompt prices up on colder weather but Dutch contracts down down on comfortable supply. ›
Oil prices rose 3% to a one-week high on Wednesday as hopes for an improved global economic outlook and concern over the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks. ›