- August 5th, 2022
European Gas Set for Another Weekly Gain on Russia’s Supply Grip
European natural gas prices headed for a third weekly gain as persistent concerns over Russian supply heightens the risk of shortages. ›
European natural gas prices headed for a third weekly gain as persistent concerns over Russian supply heightens the risk of shortages. ›
Oil prices rose on Friday, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough to cancel out fears of slackening fuel demand. ›
Natural gas prices in Europe headed for a second day of losses, with signs of extra supplies from the US offsetting concerns about shipments from Russia. ›
Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand. ›
Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity limited and against the backdrop of fears that a slowdown in global growth will hit fuel demand. ›
Oil slipped on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as OPEC+ producers meet this week to decide whether to increase supply. ›
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. ›