- August 16th, 2022
Oil extends losses as weak demand outlook lingers
Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. ›
Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. ›
Oil prices dropped for a second session on Monday as weak China economic data triggered concerns about demand at the world’s largest crude importer ›
Natural gas prices in Europe rose as a hot and dry summer dries up rivers in the region and boosts demand in a market that is already reeling from a supply crunch. ›
European natural gas prices headed for a fourth week of gains as the region braces for an even deeper supply crunch over the winter that could push major economies into recession. ›
Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook capped gains. ›
Natural gas overtook nuclear as the biggest source of power in Europe last month, highlighting the challenge of replacing the fuel ahead of winter when supply will get more scarce. ›
Oil prices drifted lower on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand. ›
European natural gas prices rose on Wednesday after three sessions of declines as countries in the region warned of a possibly difficult winter ahead. ›
Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand. ›
European natural gas prices fell for a third day as fuel held in storage facilities across Europe edged above the seasonal norm. ›