- December 5th, 2023
Europe’s Winter-Gas Price Slump Shifts Focus to Summer Storage
European natural gas prices are barely reacting to a cold snap across Europe, suggesting traders are starting to shift focus to the next season. ›
European natural gas prices are barely reacting to a cold snap across Europe, suggesting traders are starting to shift focus to the next season. ›
Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by the OPEC+ group of producers, tensions in the Middle East and weak economic data from the U.S.. ›
European natural gas prices declined as persistent low demand for the fuel helps to preserve the region’s inventories. ›
Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth, although the risk of supply disruptions from the Middle East conflict limited the losses. ›
Oil prices pared losses on Friday, after falling sharply in early trade and by over 2% on Thursday on perceptions that the voluntary oil output cuts agreed by OPEC+ producers were underwhelming. ›
Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group, and as weaker-than-expected Chinese factory data underscored slowing growth in the world’s second largest economy. ›
Oil edged higher on Wednesday as investors turned cautious ahead of a crucial OPEC+ meeting to decide output policy in the coming months, while a supply disruption caused by a storm in the Black Sea provided a lift for prices. ›
Oil prices rose on Tuesday, supported by a weak dollar and expectations that the OPEC+ producer group would deepen and extend output cuts due to concerns over subdued demand. ›
Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors awaited the OPEC+ meeting later this week for an agreement to curb supplies into 2024. ›
Brent crude futures edged up on Friday, partially reversing losses from the previous session as traders speculated on whether the OPEC+ producer group would come to an agreement on further supply cuts. ›