- September 28th, 2022
European Gas Jumps as Energy Conflict With Russia Escalates
Natural gas prices in Europe surged after Russia said it may cut off supplies via Ukraine, the last route still delivering the fuel to western Europe. ›
Natural gas prices in Europe surged after Russia said it may cut off supplies via Ukraine, the last route still delivering the fuel to western Europe. ›
Oil prices fell more than 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian. ›
European natural gas advanced after four days of losses, with traders weighing risks to Russia’s future supplies to the continent against rising stockpiles and steps to reduce demand. ›
Oil prices rose more than 1% on Tuesday, after plunging to nine-month lows a day earlier, amid indications that producer alliance OPEC+ may enact output cuts to avoid a further collapse in prices. ›
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude. ›
British and Dutch wholesale gas prices edged down on Friday morning amid higher wind output forecasts for next week and lower-than-expected consumption in northwest Europe. ›
Natural gas prices in Europe headed for a fourth weekly loss, as ample supplies of liquefied natural gas help countries fill reservoirs days ahead of the start of the heating season. ›
Oil prices fell on Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns after Moscow’s new mobilisation campaign in its war with Ukraine and an apparent deadlock in talks on reviving the Iran nuclear deal. ›
Oil rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. ›
European natural gas prices rose as traders assessed the security of winter supply with Russia stepping up its war in Ukraine, even as nations deepened efforts to prevent the energy crisis from snowballing. ›