- September 7th, 2012
Flows to Europe steady ahead of major field maintenance
Norway’s gas exports to Europe were broadly stable on Friday morning ahead of a production halt at its main gas processing plant and its biggest gas field next week. ›
Norway’s gas exports to Europe were broadly stable on Friday morning ahead of a production halt at its main gas processing plant and its biggest gas field next week. ›
European natural gas prices need to rise by $2 per million British thermal units (mmBtu) in order to attract cargoes of liquefied natural gas (LNG) and avoid a winter supply squeeze, Goldman Sachs said on Thursday. ›
U.S. crude futures rose more than $3 on Friday, pushing above $90 a barrel on support from a U.S. July nonfarm payrolls report showing employers added 163,000 jobs, above expectations for an increase of 100,000. ›
Brent crude rose toward $107 per barrel on Monday, stretching gains into a fifth consecutive day on hopes the United States and Europe will this week announce new measures to shore up their fragile economies, boosting the outlook for oil demand. ›
Oil prices rose above $101 on Friday after Chinese GDP data came in slightly better than expected, improving sentiment across the board in commodities, but gains were limited as Chinese power demand remained flat. ›
Oil fell below $80 a barrel for a third day on concern that a meeting of European Union leaders this week will fail to check the region’s debt crisis, leading to a reduction in fuel demand. ›
Asian liquefied natural gas (LNG) spot prices LNG-AS began to ease toward $17 per million British thermal units (mmBtu) for July cargoes as new supplies came onto the market. ›
Oil futures rose towards $98 per barrel on Friday, following gains in the euro and stock markets, after a report that major central banks would step in to stem any possible financial storm after Greek elections this weekend. ›
Brent crude reversed early losses and climbed towards $104 per barrel on Thursday, but a bleak demand outlook as the euro zone debt crisis grinds on kept gains in check and set prices up for their biggest monthly percentage drop in two years. ›
The U.K.’s energy policies may fail to deliver nuclear power and renewables needed for the nation to meet its goals for reducing greenhouse gases, the International Energy Agency said. ›