- June 23rd, 2023
Gas: Prices mostly lower on weak demand
British and Dutch gas prices were mostly lower on Friday morning on weak demand and slightly higher Norwegian exports. ›
British and Dutch gas prices were mostly lower on Friday morning on weak demand and slightly higher Norwegian exports. ›
Oil prices fell for a second straight session and were headed for a weekly decline of more than 3% on Friday, as a higher-than-expected interest rate hike in Britain and warnings about looming rate rises in the U.S. ignited concerns over demand. ›
British and Dutch gas prices eased on Thursday morning, as high storage levels limited any gains from lingering uncertainty over the length and extent of outages at Norwegian gas infrastructure. ›
Oil futures dipped on Thursday amid demand fears after the Federal Reserve chairman hinted at further interest rate hikes, while traders awaited official U.S. inventory data following an industry report that showed an unexpected draw in crude stocks. ›
Oil prices rebounded early on Wednesday, recovering after two straight sessions of losses, as expectations of hawkish Federal Reserve talk later in day and possible U.S. crude stock drawdowns outweighed China demand worries. ›
Wholesale British and Dutch gas prices rose on Tuesday morning due to lower pipeline gas flows from Norway to Britain and lower renewables generation. ›
Oil prices slipped on Tuesday after China cut benchmark lending rates less than some expected, sowing further concern over the oil demand outlook in the world’s largest crude importer. ›
European gas prices plunged for a second day, paring some of this month’s gains after several weeks of intense market volatility linked to supply risks and hot weather. ›
Global oil prices fell more than 1% on Monday, backing off last week’s gains, as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. ›
Oil prices were set to snap a two-week losing streak on Friday amid optimism about higher energy demand from top crude importer China and a weaker dollar. ›