Brent crude futures held steady at $106 a barrel on Friday, but was on track for a fourth weekly loss and the longest losing streak since early 2010, as investors were jittery over signs of slowing global economic growth blunting oil demand. ›
Oil headed for a third weekly drop in New York after Germany’s finance minister said Europe’s crisis may last another two years and reports added to evidence of a slowdown in China. Brent fell to its lowest this year in London. ›
Brent crude oil slipped over a dollar towards $111 on Wednesday, extending its longest losing streak in nearly two years, as political turmoil in the debt-laden euro zone deepened worries about prospects for fuel demand. ›
British prompt gas prices rose on Friday as imports from Norway and the Netherlands dropped and planned maintenance was due to cut offshore supplies at the weekend. ›
Oil fell from the highest level in almost four weeks in New York, trimming a second weekly gain, after a cut in Spain’s credit rating renewed concern that Europe’s economy may falter and curb fuel demand. ›
Oil traded near the highest level in a week after Federal Reserve policy makers said they expect growth to accelerate, boosting speculation fuel demand will rise. Iran said it may halt its nuclear expansion. ›
British prompt gas prices traded higher on Friday, supported by the month-ahead contract which rose on the back of colder weather forecasts, while rebounding oil prices lifted the benchmark front-season price off a two-month low. ›
Brent crude futures slipped towards $120 on Monday after weak growth numbers from China, the world’s No. 2 oil consumer, and a surge in Spanish borrowing costs triggered worries about global economic growth and demand. ›
A comparison of flow and demand data suggests that the UK gas market could cope with a prolonged outage of Total’s Elgin gas field, although were the outage to continue into winter it could have a greater impact on prices. ›
The U.K. plans to almost double its carbon surcharge, a measure aimed at spurring investment in nuclear and renewables generation, in its second year. ›
