- June 22nd, 2022
European Gas Fluctuates as Traders Weigh Supply Cut, Demand Drop
European natural gas prices swung between gains and losses as traders weighed signs that high fuel costs are curbing industrial demand against Russian supply cuts. ›
European natural gas prices swung between gains and losses as traders weighed signs that high fuel costs are curbing industrial demand against Russian supply cuts. ›
Oil prices skidded more than $6 a barrel on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on the country’s major energy firms to help ease the pain for drivers during peak summer consumption. ›
Dutch wholesale gas prices rose on Tuesday morning as Europe grappled with low flows of gas from Russia and British near-term prices were lifted by lower supply from Norway. ›
Oil prices rose on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. ›
European natural gas prices headed for the biggest weekly gain since Russia began its war on Ukraine as Moscow’s supply cuts deepen the region’s energy crisis. ›
Oil prices edged lower on Friday as demand concerns emerged following this week’s rate hikes, although persisting supply tightness and new sanctions on Iran limited the downside. ›
Oil prices erased early gains to head lower on Thursday, a day after a fall triggered by a U.S. interest rate hike, though tight supply limited losses. ›
Natural gas prices in Europe jumped after Russia stepped up an energy war by cutting supplies through the largest link to the continent to less than half of its usual volumes. ›
European natural gas prices jumped as reduced supplies raised concerns about the pace of refilling storage sites in time for next winter, just as a heat wave boosts demand for cooling. ›
Oil prices rose on Wednesday, rebounding from losses earlier in the session amid concerns over fuel demand and the broader economy ahead of an expected big hike in interest rates by the U.S. Federal Reserve. ›