- August 3rd, 2022
European Gas Swings as Traders Seek Clarity on Russian Flows
Natural gas prices in Europe fluctuated after two days of gains as Russian supplies remain stable, albeit low, and traders seek more clarity on Moscow’s next move. ›
Natural gas prices in Europe fluctuated after two days of gains as Russian supplies remain stable, albeit low, and traders seek more clarity on Moscow’s next move. ›
Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity limited and against the backdrop of fears that a slowdown in global growth will hit fuel demand. ›
Oil slipped on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as OPEC+ producers meet this week to decide whether to increase supply. ›
European natural gas prices advanced as traders seek clarity on supplies from Russia and the pace of demand destruction in the region. ›
British and Dutch wholesale gas prices inched up on Friday, supported by heavy maintenance at UK natural gas production facilities and continued uncertainty related to Russian supplies to Europe. ›
Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week’s meeting of officials from OPEC and other top producers on supply adjustments. ›
Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and its allies, though fears of recession capped gains. ›
Oil extended gains after a big draw in US crude inventories, while the prospect of a slower pace of interest-rate hikes from the Federal Reserve filtered through markets, buoying commodities. ›
European natural gas prices ended a six-day rally after Russian pipeline flows to the continent steadied at reduced levels, following recent volatility. ›
Russia’s gas cuts risk fracturing the unity of the European Union this winter as strained budgets and supply issues limit the bloc’s capacity to cope with a sudden, severe energy shortage. ›