Oil prices reversed course on Wednesday after rising over 1% in the previous session, as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia and a firm dollar capped the upside. ›
Dutch and British gas prices slipped on Tuesday morning as high gas inventories and weak demand helped the market to shrug off low supply from Norway and the threat of a strike at Australian liquefied natural gas facilities. ›
Oil prices dipped on Tuesday as fresh data added to gloom over the state of China’s post-pandemic recovery, although expectations of an extension in supply cuts by leading OPEC+ members limited losses. ›
Dutch and British gas prices were mixed on Monday morning, as Norwegian maintenance outages hit their peak, gas storage sites continue to fill, and amid mediation talks to avert strikes at Australian liquefied natural gas (LNG) facilities. ›
Oil prices were stable on Monday, amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. ›
Dutch and British gas prices edged higher on Friday as expectations of a strike grew at Australian liquefied natural gas facilities after workers rejected a pay offer, but high gas storage inventories and muted demand kept a lid on gains. ›
Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations that the OPEC+ group of oil producers would extend output cuts to the end of the year. ›
British and Dutch wholesale gas prices declined on Thursday morning on weak demand, high storage levels and as traders awaited news about strikes at Australian liquefied natural gas (LNG) facilities next week. ›
Oil prices eased on Thursday after data showed China’s manufacturing activity shrank for the fifth month in a row, and as investors cautiously awaited a U.S. personal consumption expenditure report later in the day for any clues on the interest rate outlook. ›
British and Dutch gas prices were down on Wednesday morning on profit taking following recent gains caused by concerns over possible industrial action at Australian liquefied natural gas (LNG) facilities as high inventories curbed price rises. ›
