- July 12th, 2022
European Gas Futures Gain Amid Deeper Norwegian Supply Cuts
European natural gas prices rose as much as 3.3% after Norway extended capacity reductions at several facilities that help bring the fuel to Europe. ›
European natural gas prices rose as much as 3.3% after Norway extended capacity reductions at several facilities that help bring the fuel to Europe. ›
European natural gas fell after Canada said it would return a stranded turbine for a key Russian pipeline to Germany, raising optimism that tensions with Moscow will ease. ›
Oil prices fell on Monday in volatile trade, reversing some gains from the previous session as markets braced for new mass COVID testing in China potentially hitting demand, a worry that outweighed ongoing concerns about tight supply. ›
Dutch wholesale gas prices were mixed on Friday ahead of planned maintenance at the Nord Stream 1 pipeline from Russia to Germany which starts on Monday. ›
European natural gas prices headed for the longest stretch of weekly gains this year as worries mount about dwindling supplies from Russia. ›
Oil slipped in volatile trade on Friday and was heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. ›
Oil prices regained some footing on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supplies even as fears of a global recession persisted. ›
Natural gas in Europe headed for the longest stretch of daily gains in more than nine months as persistent fears of deeper supply cuts by Moscow spread through the market. ›
British wholesale gas prices fell sharply on Wednesday morning after a strike in the Norwegian oil and gas sector threatening a 13% export cut ended overnight, easing supply concerns. ›
European natural gas prices halted their rally after Norway’s government intervened to end an energy workers’ strike and Germany took steps to ease its supply crunch. ›