- July 8th, 2024
European Gas Prices Rise as Hurricane Beryl Heads Toward Texas
European natural gas prices edged higher as traders assessed supply risks amid hot weather in parts of Asia and a hurricane approaching key fuel supplier Texas. ›
European natural gas prices edged higher as traders assessed supply risks amid hot weather in parts of Asia and a hurricane approaching key fuel supplier Texas. ›
Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased geopolitical tensions in the Middle East, while investors assessed potential disruption to U.S. energy supplies from Tropical Storm Beryl. ›
Dutch and British wholesale gas prices on Friday morning were largely flat with a small rise in demand balanced by Norwegian gas flows, though uncertainty over supplies later in the year offered some support. ›
Oil prices fell on Thursday, with investors turning cautious on expectations of lower demand as U.S. employment and business data came in weaker than forecast, signalling the economy of the world’s top oil consumer may be cooling. ›
Oil prices steadied on Wednesday after trading higher on a bigger than expected drawdown in U.S. crude stockpiles while economic headwinds from China and the euro zone capped gains. ›
Dutch and British wholesale gas prices were little changed on Tuesday amid tepid demand, stable supply of pipeline and liquefied natural gas (LNG) and plentiful storage levels. ›
Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth. ›
Dutch and British wholesale gas prices edged higher on Monday, supported by expectations of cooler temperatures in Europe and strong competition with Asia for cargoes of liquefied natural gas (LNG). ›
Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains. ›
Dutch and British wholesale gas prices edged lower on Friday amid strong liquefied natural gas (LNG) supply but they remain supported by ongoing supply worries. ›