European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the wee hours on Tuesday that aims to cut 90% of Russia’s crude imports into the bloc by the end of the year. ›
Oil prices rose on Monday, hitting their highest in more than two months, as traders waited to see whether a planned European Union meeting would reach an agreement on banning Russian oil imports ›
British wholesale gas prices rose on Monday as cooler and less windier weather raised demand for heating and power consumption, while the European prices rose modestly as concerns over Russian gas disruption are easing. ›
European natural gas prices headed for a third straight weekly decline as fears over further disruptions to Russian supplies waned.
Benchmark futures fell as much as 4.3%, hitting the low level since the start of the war in Ukraine. Russian shipments are expected to remain stable on Friday, even as flows through one cross-border point in Ukraine remains cut off because of the conflict. ›
Oil prices dipped on Friday but stayed near a two-month high, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of an EU ban on Russian oil and the upcoming U.S. summer driving season. ›
Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world’s biggest crude consumer. ›
Prompt British wholesale gas prices fell on Wednesday morning as strong output from the country’s wind farms curbed demand for gas from power stations while Dutch prices edged higher amid weaker supply. ›
Oil prices fell by more than $1 on Tuesday as concerns over a possible recession and China’s COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the U.S. summer driving season. ›
Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth. ›
Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand. ›
