- September 14th, 2023
European Gas Prices Swing as Weak Demand Counter Outages
European natural gas prices fluctuated as traders weighed weak demand against supply disruptions from Australia to Norway. ›
European natural gas prices fluctuated as traders weighed weak demand against supply disruptions from Australia to Norway. ›
Oil prices rebounded on Thursday after falling in the previous session as markets turned their attention back to a tighter crude supply outlook for the rest of 2023, with demand set to stay robust through to next year. ›
Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with global macroeconomic headwinds. ›
Brent crude futures held above $90 a barrel on Tuesday, with investors looking out for macroeconomic data that could indicate whether interest rates will rise further in the United States and Europe. ›
Oil prices eased on Monday as a stronger U.S. dollar and economic concerns in China weighed on the outlook for fuel demand, but extended supply cuts by Saudi Arabia and Russia helped keep Brent above $90 a barrel. ›
European natural gas prices rose for a third straight session as strikes continue at export sites in Australia. ›
Workers at Chevron’s liquefied natural gas (LNG) projects in Australia went on strike on Friday after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply. ›
Oil prices were stable on Friday, as investors weighed fears about the health of China’s economy against supply cuts from major producers Saudi Arabia and Russia. ›
Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies from extended production cuts in Saudi Arabia and Russia. ›
European natural gas prices fluctuated as a recent recovery in imports of tanker-borne fuel cushioned risks posed by looming strikes in Australia. ›