- November 2nd, 2022
European Gas Advances as Supply Risks Counter Muted Demand
European natural gas edged higher as traders weighed potential supply curbs this winter against unseasonably warm weather and muted demand. ›
European natural gas edged higher as traders weighed potential supply curbs this winter against unseasonably warm weather and muted demand. ›
Oil prices rose on Wednesday after industry data showed a surprise drop in U.S. crude stocks, suggesting demand is holding up despite steep interest rate hikes dampening global growth. ›
Natural gas prices in Europe fell further as a spell of warm weather delayed the heating season, providing some respite to regional economies on the brink of recession. ›
Oil prices rose more than 1% on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. ›
European natural gas fell after two days of gains as unseasonably warm weather reduces demand and eases concerns about shortages for the winter. ›
Oil prices fell over $1 on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. ›
Europe has been able to plug the gap left by smaller Russian gas flows with US supplies, but those shipments won’t be able to keep up as the shortfall expands ›
Oil prices fell on Friday after China, the world’s top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of Europe’s pending cut-off of Russian imports. ›
Over the last several months, European benchmark gas prices have been progressively falling toward their pre-Ukraine conflict levels. ›
Oil steadied on Thursday following a rally of nearly 3% in the previous session, as concern over slack demand in China balanced optimism from record U.S. crude exports and sign that recession concerns are abating. ›