- May 25th, 2023
European Gas Slumps Again as Industries Struggle to Boost Demand
European natural gas prices fell further from the lowest level in almost two years as a weak regional economy hits the prospects for demand. ›
European natural gas prices fell further from the lowest level in almost two years as a weak regional economy hits the prospects for demand. ›
Oil prices were little changed on Thursday as uncertainty over whether the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. ›
European natural gas prices declined further to the lowest level in nearly two years as demand prospects for the region remain bleak. ›
Oil prices pared their gains on Wednesday but were still solidly bid, after U.S. inventories and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. ›
British and Dutch wholesale gas prices were mixed on Tuesday as worries over an outage extension in Norway offset healthy inventories and strong flows of liquefied natural gas (LNG). ›
Oil prices slipped on Tuesday as investor concern over the risk of a U.S. debt default dampened risk appetite, although a tighter market due to a seasonal rise in gasoline demand and supply cuts from OPEC+ producers lent support. ›
European natural gas neared a two-year low as weak industrial demand and ample supplies weigh on prices, with Goldman Sachs Inc. seeing the possibility of a floor in the mid-€20 range. ›
Oil prices slipped on Monday as caution around U.S. debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. ›
European natural gas futures rose from a 23-month low, in a sign that traders see €30 as a floor for prices for now, with demand remaining stubbornly low. ›
Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. ›