- August 2nd, 2022
European Gas Extends Gains With Russia Risk and Demand in Focus
European natural gas prices advanced as traders seek clarity on supplies from Russia and the pace of demand destruction in the region. ›
European natural gas prices advanced as traders seek clarity on supplies from Russia and the pace of demand destruction in the region. ›
British and Dutch wholesale gas prices inched up on Friday, supported by heavy maintenance at UK natural gas production facilities and continued uncertainty related to Russian supplies to Europe. ›
Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week’s meeting of officials from OPEC and other top producers on supply adjustments. ›
Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and its allies, though fears of recession capped gains. ›
Oil extended gains after a big draw in US crude inventories, while the prospect of a slower pace of interest-rate hikes from the Federal Reserve filtered through markets, buoying commodities. ›
European natural gas prices ended a six-day rally after Russian pipeline flows to the continent steadied at reduced levels, following recent volatility. ›
Russia’s gas cuts risk fracturing the unity of the European Union this winter as strained budgets and supply issues limit the bloc’s capacity to cope with a sudden, severe energy shortage. ›
Oil rose as industry data signaled a big drop in US crude inventories ahead of an expected interest-rate hike by the Federal Reserve. ›
Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key oil and natural gas supplier to the region, cut gas supply through a major pipeline. ›
European natural gas prices rose for a fourth consecutive session, with little clarity on future volumes via a major Russian pipeline. ›