- February 6th, 2023
Gas: Prices dip as healthy supply compensates for demand uptick
British and Dutch wholesale gas prices mostly dipped on Monday morning as healthy supply compensated for higher demand due colder temperatures and weak wind output. ›
British and Dutch wholesale gas prices mostly dipped on Monday morning as healthy supply compensated for higher demand due colder temperatures and weak wind output. ›
Oil prices inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the world’s top oil importer. ›
British and Dutch wholesale gas prices fell on Friday morning as high wind speeds reduced demand for gas for power generation and imports into the region remained strong. ›
Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies. ›
European gas futures fluctuated as traders weighed ample stockpiles and progress on restarting a long-shut US liquefied natural gas plant against risks that demand may start picking up again. ›
Oil prices were steady on Thursday after tumbling in the previous session as a weaker dollar boosted sentiment, though looming sanctions on Russian oil products added uncertainty over supply. ›
European natural gas futures fluctuated as traders weighed colder weather approaching next week against ample supplies. ›
Oil prices rose on Wednesday as signs of slowing inflation in the United States eased fears that the world’s largest oil user may face a recession because of further interest rate hikes and a weaker dollar supported some buying interest. ›
European natural gas rebounded as forecasts showed the weather turning cooler than previously estimated next week. ›
Oil prices fell on Tuesday as the threat of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. ›