- March 29th, 2023
Europe Gas Prices Rise as French Strikes and Cold Weather Linger
European natural gas prices surged as strikes in France continue amid a looming cold snap across much of the continent. ›
European natural gas prices surged as strikes in France continue amid a looming cold snap across much of the continent. ›
Crude prices rose for a third session on Wednesday as a halt to some exports from Iraqi Kurdistan raised concerns of tightening supplies and fears of a global banking crisis eased. ›
European natural gas prices declined as market participants await updates on continued strikes in France, which have been disrupting the nation’s energy infrastructure. ›
Crude prices retreated on Tuesday after rallying the previous session, with markets focused on developments in the banking crisis and indications of strengthening demand in China. ›
British and Dutch wholesale gas prices were mixed on Monday as warm weather, high level of inventories and stable imports put pressure on prices, while uncertainty over strikes in France lent some support. ›
Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. ›
Industrial action in France over pension continued, hitting LNG terminals, power supply and nuclear reactor maintenance. ›
Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. ›
Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stocks rose more than expected. ›
Oil slipped in Asian trade on Wednesday, after two straight days of gains, as an industry report showed U.S. crude inventories rose unexpectedly last week in a sign demand may be weakening. ›